A ring from Elvis fetches $107.5k



2015-06-26 11:45:27

A ring from Elvis fetches $107.5k

The King was generous to his fans, as this one-off item, gifted to an audience member in 1975, shows

Elvis Presley's 10ct. diamond ring sold for $107,500 at Affiliated Auctions' sale, yesterday (December 6).

The ring was consigned by audience member Lloyd Perry, who was sat on the front row atElvis's Ashville, North Carolina gig on July 24, 1975.

Four songs into his one-and-a-half-hour long set, Elvis threw his Gibson guitar into the crowd, which Perry and the audience member next to him caught at the same time.

Elvis's diamond ring Elvis's diamond ring ($107.5k), worn by The King onstage in 1975

After strumming it for a while, Perry allowed the other manto have the guitar.

A few songs later, possibly feeling Perry should receive a memento for allowing the otherperson to have the guitar, Elvisbeckoned him on to the stage.

Then, for Perry, something momentous happened: Elvis shook his hand, before removing a diamond ring from his own finger and gifting it directly to his stunned fan.

Yesterday, the same ring auctioned in Tallahassee, Florida. It wasconsigned by Mr Perry and sold with three copies of the Asheville Citizen-Times and Bristol Herald Courier, which each featured stories about the gift.

The 10ct. diamond ring consists of 14 found cut .44ct diamonds set in 14k yellow gold and weighing 27.2 grams, size 11, according to Affiliated Auctions.

For Elvis fans, Paul Fraser Collectibles currently has two fine pieces of memorabilia available: two signed photographs of The King - one brooding and one smiling.

In other Elvis news,a jacket worn by him in the 1968 MGM car racing film Speedway sold for $20,480 at Julien's Auctions in New York, earlier this month.

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Image: Affiliated Auctions

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