Auction Results

The eyes of Elvis fans all over the world where focused on the more than 500 lots, from vinyl albums to personal items and apparel that belonged to Elvis. The auction house Heritage held a similar auction a few weeks ago, with disappointing results, although there were a few hot Elvis items included in the auction. Highlights in this auction where the blue/gold jumpsuit from the Madison Square Garden concert, the white grand piano that once stood in the music room in Graceland and a combination of a black pants and shirt that Elvis use in his free time. The auction ended last night with a result that was a lot better than the Heritage auction. Many items were sold for a price that was much higher than the estimated values.

Madison Square Garden jumpsuit


 

Madison Square Garden Jumpsuit
Estimated value $150,000 - $200,000 / € 110.475 - € 147.300
Sold for $212,588.40 / € 156.000

Black Pants and Shirt
Estimated value $9,000 - $10,000 / € 6.628 - € 7.365
Sold for $33,152.40 / € 24.406

Silver and Turquoise Stage Belt
Estimated value $10,000 - $12,000 / € 7.365 - € 8.838
Sold for $24,906.00 / € 18.335

14KT Gold and Diamond Owl Ring
Estimated value $7,000 - $8,000 / € 5.155 - € 5.892
Sold for $40,388.40 / € 29.733

14KT Gold Diamond Pavé Bracelet
Estimated value $7,000 - $8,000 / € 5.155 - € 5.892
Sold for $44,427.60 / € 32.684

White Wm. Knabe & Co. Grand Piano
Estimated value $750,000 - $1,000,000 / € 552.000 - € 736.500
This piano was up for auction in some past auctions, despite the extreme high biddings fro some items, there was not one bid for this instrument.

Source: ElvisMatters / Updated: Mar 26, 2009 
Elvis Presley on: eBay, iTunes, Amazon, Sheetmusic

Reactions

Steve V (profilecontact) wrote on Mar 27, 2009report abuse
Bad economy? Where?
jeremytcb (profilecontact) wrote on Mar 27, 2009report abuse
It is all about good items with good documentation. The Elvis owned market has steadily risen over the years while other investments went south. For example, just ten years ago at Graceland's auction you could get a jumpsuit for $60,000 now they are $200,000-$300,000. Most items have doubled, tripled, and more in the last 10-15 years.

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