Elvis Presley's former home at Audobon Drive sells for US$905,100.00. In a final day of frantic bidding the price rose from $460.000.00 to more than $900,000.00 before the hammer fell and an as yet unnamed bidder, "pg2000", took home one of the richest Elvis related prizes ever. With an appraised value of $280,000.00 the result is a windfall for its soon-to-be-ex owners, Mike Freeman and Cindy Hazen. Bill Burk said a book on the home is rumoured to be in production.
The winning bid was submitted by Peter Gleason, a partner in a group that includes Israeli psychic Uri Geller. Their interest in the home is in restoring it to its 1956 luster, down to the original wallpaper and floor coverings, and eventually opening it to the public.
Source: Various / Updated: May 15, 2006