Elvis Mania Hits Auction Room

A guitar used by pop star Prince during his Purple Rain tour fetched £12,000 at auction on Tuesday. Memorabilia connected to Elvis Presley failed to reach reserve prices and remained unsold. The sale took place at the Cobden Club, a celebrity haunt in London's Kensal Rise area, on Tuesday evening. As the King of Rock 'n Roll lays siege to British pop charts for a third week, a memento of his philosophical leanings goes under the hammer at a London auction house, expected to fetch up to $8,265 Tuesday. The copy of "The Prophet" by Kahlil Gibran bears a 38-line message from Elvis Presley to Tom Diskin, the right-hand man of his manager Colonel Parker, extolling the virtues of true friendship and signed "E.P." The inside sheet is signed in black marker pen beneath the words "Christ Flight; Christ Love; Christ Peace." "The book is a well-thumbed copy," Ted Owen, co-founder of auctioneers Cooper Owen, told Reuters. Also for sale is a design in Presley's own hand for security tags for his army of cohorts. "It's like a business card with the TCB logo," said Owen.
Source: Cooper Owen / Updated: Jun 26, 2002 
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