The Elvis portion of the auction in Vegas was successful Sunday. Only two lots did not sell. One was the library card with the oldest known Elvis signature which we already mentioned. They dropped the minium bid twice from the opening bid of $45,000 to $20,000. Still no bids and the card remains unsold. The other was a diamond and gold pendant from Ginger Alden's collection. The estimated selling price was between $40,000 and $50,000 US dollars for the pendant.
The 29 Elvis items up for auction brought in a total sum of $305,400.00 US dollars! The Ram head necklace from Ginger Alden's collection sold for $90,000.00 US dollars. It was estimated to sell for $90,000.00 to $100,000.00. Ginger says Elvis gave this to her at Graceland and told her to always wear it with something black.
Elvis' Viva Las Vegas jacket was estimated to sell for $60,000.00 to $80,000.00. It brought in $42,500.00 US dollars.Far less than estimated. The next two highest selling items came in at a tie. They sold for exactly $20,000.00 US dollars. The first piece was Elvis' Speedway costume. It was estimated to sell for $18,000.00 to $24,000.00. The second piece was from Ginger Alden's collection. Elvis' Abalone and Mother-of-Pearl Crucifix. This was estimated to sell for $5,000 to $7,000 US dollars. This piece came in much higher than expected by the auction house. While the Speedway suit came in just around what was expected.
Elvis' handwritten set list had an estimated price of $6,000 to $8,000. It sold for $19,000.00 US dollars. Elvis' karate GI signed by Kang Rhee in both English and Korean was estimated to sell for $18,000.00 to $25,000.00. It sold for $13,000.00 US dollars. The exercise bike once owned by Elvis sold for $12,000.00. It was estimated to sell for much less, between $4,000.00 and $6,000.00 US dollars. It is astonishing that for the same price, you could have purchased a much more attractive piece of jewelry which sold at the same price.
Elvis' Black Star Sapphire Ring which was estimated to sell for $15,000.00 to $20,000.00 sold for $12,000.00 US dollars. This item was from Ginger Alden's collection. Also from Elvis' last girlfriend, was Handwritten Notes on Numerology. These were set at an estimated value of $15,000.00 to $20,000.00. This sold for $9,000.00 US dollars. A little less then expected.
The next piece has been listed on eBay a few times but never sold for the asking price. Yet it sold for much more than the estimated value of $1,500.00 to $2,500.00 US dollars. This is an oil painting of Elvis' Lisa Marie plane which was hung in the trophy room at Graceland. It was part of Ginger's collection and went for $8,000.00 US dollars.
Coming in at $7,500.00 US dollars are two more Elvis items. One was Elvis' Concho-Style Belt from the Ginger Alden collection. It was estimated to sell for $14,000.00 to $18,000.00. Again less then expected.The second was a stage worn shirt in 1956 which estimated to sell for $7,000.00 US dollars to $10,000.00. So this item came in at the low end of the estimated price. This came with a COA from an Elvis Presley Museum.
A tan leather fur trimmed jacket bought from Lansky Brothers had an estimated value of $5,000.00 to $7,000.00 US dollars. The jacket came with a COA from Mike McGregor. It sold for $5,750.00 US dollars. Another item coming in at the low end of the estimated value.
Elvis' denim jacket said to be from the film, Loving You had an estimated value of $10,000 and $15,000 US dollars. It sold for much less at $4,500.00 US dollars. A guitar pick from Elvis' New Year's Eve show in Pittsburgh, Pennsylvania on December 31, 1976 was estimated at $700.00 and $900.00 US dollars. It went for a whopping $4,000.00 US dollars.
The lowest selling item, aside from the two UNSOLD items was Four Elvis Presley Concert Stickers. These were from the Ginger Alden collection. The estimated value was $800 to $1,200 US dollars. They sold for $500.00 US dollars.
Las Vegas Auction ResultsMarch 17, 2008 | Other Source:Elvis Unlimited
Viva wrote on March 18, 2008
What a bizarre list of prices! 4k for a guitar pick, but the denim worn in "Loving You" went for just 500 more, very odd. Wish I had the money, I'd have had a field day there.
aura wrote on March 19, 2008
Why didn't Ginger sell those articles 25 or 30 years ago? As I think she never loved ELVIS, she could at least profit the money when she was young to take advantage of it ...