Steven Spielberg's Amblin Entertainment has announced that a new version of the Kuwahara bicycle that the character Elliot famously rode in 1982's E.T. will be on the market later this year.

A maquette of E.T., made for Spielberg to approve the character’s design, also sold for $125,000, while the Kuwahara BMX bike ridden by the character “Greg” in the film was bought for $115,200.

Raf owns five Kuwahara BMX bikes, including two mint E.T. models. Ralph has received offers of $6000 for each of those bikes already. The 1983 film BMX Bandits and 1984's The Karate Kid ...