The lightsaber, used by Mark Hamill as Skywalker in "Star Wars: A New Hope" and "The Empire Strikes Back", was purchased by Orlando-based Ripley company, reported Orlando Sentinel.
The prop was originally part of the collection owned by producer Gary Kurtz.
Ripley, however, is not saying where the lightsaber will be displayed.
The company has also secured a 15-foot version of the film series' Millennium Falcon ship, created from nearly a million matchsticks by Iowa artist Patrick Acton.
"We've been looking for 'Star Wars' stuff for a few months now in order to complement that when it comes," said Edward Meyer, vice president of archives and exhibits for Ripley.
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