Graceland Auctions hosts biggest-ever Elvis memorabilia sale



2015-08-17 10:54:40

Graceland Auctions have held their biggest-ever sale, as part of the Elvis Week celebrations in Memphis.

With more than 40,000 Presley fans in town for the annual event, the auction saw 160 rare and unique artefacts from Presley's life and career cross the auction block, including clothing, jewelry and personal items. In total, the sale realized more than $950,000.

Amongst the leading lots were pieces of jewelry either owned by Elvis or gifted by him to friends and fans. A gold and diamond TCB-logo necklace, given by Presley to one of his favourite entertainers Sammy Davis Jr., exceeded its high estimate of $30,000 to sell for $40,000.

It was followed by a gold ring with diamonds and tourmaline worn by Elvis and gifted to girlfriend Linda Thompson which sold for $47,500, and a gold Owl-shaped ring which Presley gifted to a fan from the stage during one of his concerts which achieved $32,500.

The sale also offered a selection of vintage clothing and stage outfits worn by the King. Leading the way was Elvis’ racquetball shirt which sold for $32,500, smashing its estimate of $4,000-$6,000, and a jacket and leather pants ensemble dating from the late 1960s which sold for $32,500.

Bidders also snapped up Elvis’ personally-owned custom-made leather and mink coat for $27,500, and a 1962 suit worn on-screen in the Elvis movie 'It Happened at the World's Fair' for $25,000.

Fourteen items had previously been removed from the sale, with organizers stating they wanted to re-examine the lots as questions about the authenticity of some items arose. The lots removed from the sale included a Starburst jumpsuit worn by Elvis during concerts in Las Vegas in 1973, and a guitar signed by the 'Million Dollar Quartet' of Presley, Johnny Cash, Carl Perkins and Jerry Lee Lewis.

A spokesperson for Graceland Auctions stated that the removed items could well be offered in future sales.

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