Elvis Presley's 1962 Lockheed Jetstar JT 12-5 was auctioned off December 20, 2008 at the South Point Casino in Las Vegas. The expected price this plane would fetch was around one million US dollars. After 12 bids, it closed at $700,000.00 US dollars.
This is said to be the last jet that Elvis owned. Elvis Presley only owned 3 jets, the first two are in the Graceland Museum. This is the only one in private hands. Is as Elvis used it, this jet has not been modified. A rare opportunity to own a most desirable exhibition." said the auctioneers before the auction.