LAS VEGAS Don’t look for blue suede shoes, but the King’s “Burning Love” cape with gold studs is among the items destined for the auction block at the MGM Grand Oct. 8-10.
Daughter Lisa Marie Presley promises a “rare glimpse into the private archives at Graceland” in a foreword to the auction catalog.
Among the most expensive items listed in the catalog are Elvis Presley’s 1956 White Lincoln Continental Mark II, (estimated value $500,000) and his first piano, a Stroud upright ($300,000-$400,000).Nearly 900 lots featuring more than 5,000 are up for grabs, per Guernsey’s prexy and principal auctioneer Arlan Ettinger. The New York house also handled the auction of John F. Kennedy memorabilia last year. Elvis fans may rest easy: No display items from Graceland will be auctioned.
Included are Presley’s sixth-grade report card ($15,000 to $20,000) showing his A’s in music and D’s in arithmetic, draft card and first RCA record contract.
Elvis Presley Enterprises is auctioning off the items to raise money for a homeless shelter in Memphis, Tenn.
Ettinger says, “This is not an elitist sale. For the most part, this is an unreserved auction.” Preview is skedded for Sept. 28-Oct. 7. Bidding will take place live at the MGM Grand and via the Internet, absentee bid form, or by telephone if pre-arranged.