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Elvis Presley ‘Auction At Graceland’ Generates $330,531 In Sales

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By rocknation / January 17, 2017

On Saturday there was another Auction at Graceland, with personal possessions of Elvis Presley up for sale, consisting of weapons, charge card, clothing and precious jewelry. Elvis Presley Enterprises held the Auction at Graceland in celebration of Elvis Presley’s birthday and as part of a weekend of celebrations. It was also the sixth Elvis Presley sale from Graceland Auctions. In 2014, Graceland Auctions launched their authentication services.

The Elvis Presley auction took place inside the Guest Home at Graceland, and there were 160 pieces of Elvis Presley memorabilia up for action on Saturday, according to U.S.A Today. Bidding happened live, however there was likewise bidding over the internet as well as the telephone. The Auction at Graceland lasted for two hours and brought in $330,531 in sales at its conclusion.

The bidding on Saturday’s Auction at Graceland started with a 1953 Humes High School year book which had actually been signed by Elvis Presley. This yearbook with Presley’s signature sold for $4,000. A terrific part of the auction’s focus was on “larger ticket” items, most notably a fashion jewelry collection which Elvis Presley gave as a present to his assistant and excellent buddy Charlie Hodge.

Elvis Presley autographed photo that is inscribed to composer Irving Berlin at an auction on March 21, 2012 in New York City.
Elvis Presley signed image that is inscribed to author Irving Berlin at an auction on March 21, 2012 in New York City. [Image by Michael Loccisano/Getty Images] There was a diamond and gold”Lion Head “ring that Elvis Presley gifted to Hodge which fetched $37,500. This ended up tripling the approximated pre-auction rate and was likewise the top grosser from the entire Auction at Graceland.

There were also two other pieces that Elvis Presley gave to Charlie Hodge, that included a sapphire and gold ring together with an “Indian Head” gold coin ring dated from 1911. Each of these rings brought in $9,375 at the auction. The last product of jewelry out of the Hodge collection was a “Pyramid Ring” made from gold and diamonds, and this was auctioned at a rate of $8,125.

It wasn’t simply precious jewelry that Elvis Presley wanted to hand out to friends, nevertheless, and firearms were another thing that he used to distribute. Throughout Saturday’s Auction at Graceland, there was a “Police Favorable Special”.32 caliber pistol that Presley handed out to Richard Grob, who was his bodyguard. This was offered at $10,625 and doubled is pre-auction price quote.

Other items that were especially popular at the Graceland auction were images of Elvis. A few of these consisted of Terry Wood photos which revealed Elvis Presley’s 1956 show held in Tupelo, Mississippi, Presley’s home town, which earned $8,125.

There were also 35mm negatives that were originals of an Elvis Presley jam session which included the guitar player Scotty Moore, who died in 2015. These were approximated to be worth $2,000, however cost $6,250. Trude Forsher also held an archive of pictures that cost $6,250, with the pre-auction quote noted at $1,500.

There are many other products at the Auction at Graceland that held interest for bidders, specifically individual valuables of Elvis which had been used frequently. These consisted of things like a platinum album award for Aloha from Hawaii, which sold for $9,375, a blue suede jacket that Elvis Presley used which brought $4,750, a diamond cluster cocktail ring that was auctioned at $13,750, a card which showed that Presley was licensed as a sixth-degree black belt in karate got $2,375 and a Union 76 charge card from the 1970s which cost $3,375.

Elvis Presley with President Richard Nixon at the White House on December 21, 1970.
Elvis Presley with President Richard Nixon at the White House on December 21, 1970. [Image by National Archives/Getty Images] While fans of Elvis Presley commemorated his birthday by buying products being auctioned at Graceland on Saturday, the International Business Times likewise reported that on exactly what would have been Presley’s 82nd birthday, there were still conspiracy theories surrounding Elvis and individuals who thought that his death was truly a scam. Last month, for instance, one theory started making the rounds online which purported that Elvis Presley had even appeared in the background of the motion picture House Alone, which was released in 1990. While conspiracy theories about ElvisPresley may continue, a lot of his fans were really happy on Saturday to lastly own Elvis souvenirs through the Auction at Graceland. [Included Image by Keystone/Getty Images]

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