The high bids kicked in at the second official Graceland Auction. The Elvis' 78 acetate “My Happiness” sold for an incredible $300,000! The acetate is considered the holy grail of Rock ‘n’ Roll.
Lorisa Hilburn, the niece of the late Ed Leek, stated, “It was surreal—it was so much fun. We’re just so excited—this is such a blessing. We plan to put the money towards the college education of several family members. After 60 years in a vault, I really hope the winning bidder gets a chance to enjoy the acetate and share it with the public."
Riding the momentum created by the successful inaugural auction in August of 2014, various pieces of jewelry, movie memorabilia and personal items were among the 67 lots in the auction curated and authenticated by Graceland Authenticated.
Other top items included Elvis “That’s all Right” signed by Elvis, which sold for $32,500 against an estimate of $10,000 to $15,000. Elvis’ friend Ed Leek was with Elvis to witness the initial production of Elvis’ first Sun Studio record, a 78 RPM record of “That’s all Right” and grabbed one of the records, which Elvis signed to Ed, writing “To a good pal, Elvis Presley” on the label.
A treble clef gold and diamond ring gifted to Sammy Davis, Jr. sold for $32,500, against an estimate of $20,000 to $25,000.
An RCA Award to Colonel Parker for “In The Ghetto,” sold for $16,250, against an estimate of $6,000 to $8,000.