A batch of Elvis Presley's earliest RCA recordings from nearly 50 years ago failed to meet the minimum asking price at auction on Monday, but lesser keepsakes from the King of Rock 'n' Roll fetched more than $6,000.
The highlight of the two-day sale of show business memorabilia by international auction house Bonhams and Butterfields was a private collection of six reel-to-reel tape recordings of Presley valued at between $30,000 and $50,000. The "pre-master" recordings of some of Presley's first sessions at RCA included never-before-heard versions of such hits as "All Shook Up" and "Jailhouse Rock" as well as studio banter among the singer, members of his band and the engineer who recorded them, Thorne Nogar. It was Nogar, working under contract for RCA, who ended up in possession of the reels and whose family put them up for bid through Bonhams & Butterfields. Nogar died in 1994. The tapes ended up being withdrawn from auction because "they did not meet minimum price set by the owners," auction spokesman Erik Simon told Reuters. He said the family did not want to divulge the reserve price set for the collection or the range of bids received. Several other pieces of Presley memorabilia did sell, including a signed photograph of the singer ($2,115), an autographed movie banner from his 1968 film "Stay Away Joe" ($3,525) and an autographed record sleeve ($470).
BMG already has everything which is featured on these tapes.
Source: Reuters / Updated: Nov 23, 2004