Daily Archives: August 23, 2014

The Auction at Graceland — Postgame Show

We looked at the losers last week, so now it is time for the winners. I’ve followed dozens of Elvis auctions over the years, and there is no question that having this one at Graceland was a brilliant move. Some of the selling prices were incredibly high.

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Gemstone, Diamond and Gold Lion Pendant:

Elvis' Lion Head Pendant Pendant

Minimum bid – $10,000, Estimate – $20-30,000: Sold for $82,500

This 18-karat gold lion’s head pendant contains two emeralds for the eyes, a cabochon ruby in the mouth, and brow and mouth set with 24 single-cut diamonds with a total weight of approximately 0.48 carats. It was designed specifically for Elvis by his favorite Memphis jeweler Lowell Hays.

Elvis Wearing Lion's Head Pendant

Elvis wore this pendant on multiple occasions, including his meeting with President Nixon, his acceptance of the Jaycees Award as one of the Top Young Men in America, and Sonny West’s wedding.

Elvis and Nixon

As has been stressed here repeatedly, nothing boosts the price of Elvis clothes or jewelry like a photograph of him wearing it. The famous Elvis/Nixon picture (bestselling item at the Nixon Presidential Library gift shop and most requested document reproduction from the National Archives) probably added $50,000 to the value of this item, and made it the big winner at this auction.

 

1977 Cadillac Seville:

Elvis' 77 Cadillac from Auction at Graceland

Minimum bid – $50,000, Estimate – $100-120,000: Sold for $81,250

Although this car was number two on the high bid listing, it went for well under the estimate. Keep in mind that the estimate price is before the auction house tacks on their 25%. The sell price shown above includes this charge; actual bidding stopped at $65,000. Two weeks ago, Elvisblog posted a photo and report from a 1994 auction where this Caddy brought in $101,000 at auction. That came from an Elvis chat room, so it could be off. But, if not, I can’t figure out why the car didn’t sell for that much or more.

Elvis’ 1977 maroon and silver Cadillac Seville – V8 automatic is the last known Cadillac he drove (the night before his death), and it was also the last Cadillac that he purchased for his own personal use.
Note: The next highest priced item was Elvis’ opal and diamond ring at $38,750. There were two other rings, but we’ll skip them all here. They will show up soon in the next edition of the series Elvis Fabulous Rings.

 

Graceland Blueprints:

Blueprints for Graceland's First Floor

Blueprints for First Floor of Graceland

Minimum bid – $10,000, Estimate – $25-35,000: Sold for $35,000

On several TV shows prior to the auction, Priscilla stated the estate would be bidding on some items. This certainly had to be one of them.

Blueprints for Graceland Upstairs

Upstairs at Graceland

There are three framed and matted 1939 blueprints measuring 32 by 54 inches in this lot. I can see the value, but if I had $35,000 to spend on Elvis memorabilia, I’d get a couple of rings or some clothes.

 

Shooting Target:

Elvis' Graceland Shooting Target

Minimum bid – $500, Estimate – $1,200-1,500: Sold for $27,000

I couldn’t believe my eyes as the bidding unfolded on this police silhouette target. There must have been two or three collectors who really wanted this, because they bid it up to a ridiculous level. Yes, we know Elvis had these 36 by 44 inch targets set up inside the old Graceland smokehouse, so he and the boys could shoot through the door at them. But, I agree with the woman in the auction chatroom who questioned whether the bullet holes were made by Elvis or by his bodyguards when he wasn’t using it.

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1969 Las Vegas Show Agreement:

Elvis' Las Vegas Show Agreement

Minimum bid – $10,000, Estimate – $20-25,000: Sold for $27,500

This isn’t just any contract Elvis signed with the Las Vegas International Hotel. This is for his1969 return to live performances after the movie years. Elvis was to be paid $100,000 per week for fifteen performances. The full contract is thirteen pages long.

 

Overnight Army Pass:

Military Leave Pass Issued to Elvis Presley, 1958

Minimum bid – $1,500, Estimate – $4-6,000: Sold for $20,625

I don’t get it. What makes this worth so much more than any other Elvis signed article? It’s not something big like his enlistment papers or release documents. It’s an overnight pass.

While stationed in Germany, Elvis was issued this military leave pass granting him permission for an overnight leave of absence to visit a “US Area of Interest” from noon on October 4 and ordering his return prior to midnight on the evening of October 5, 1958.

So, what was this US Area of Interest? Elvis, Vernon, Grandmother Minnie, Red West, and Lamar Fike travelled to Bad Homburg. They ate dinner and spent the night at the Ritters Park Hotel.

 

Personal Message to Vernon:

Elvis' Personal Message Christmas Gift to His Father

Minimum bid – $1,500, Estimate – $3-5,000: Sold for $18,750

In 1976, Elvis wanted to give his father Vernon something special for Christmas, so he asked his friend Janelle McComb of Tupelo, Mississippi, to calligraph a personal message. It has Elvis’ signature at the bottom. The framed and matted message measures approximately 17 5/16 by 14 3/16 inches.

 

Baldwin Upright Piano:

Elvis' Baldwin Piano

Minimum bid- $10,000, Estimate – $25-35,000: Sold for $15,000

This upright piano from Elvis Presley’s Palm Springs home. The plate in the center says “Baldwin.” Includes attached music stand and bench. Too bad they couldn’t find just one photo of Elvis sitting on that bench playing the piano

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“Love Me Tender” Script:

Elvis' copy Love Me Tender Screenplay

Minimum bid – $1,500, Estimate – $4-6,000: Sold for $14,375

There were six items featured in the pre-auction promotion. The Martin guitar and the marriage certificate were over-valued and scared off bidders. The Caddy sold for much less than the estimate. However, the lion’s head pendant went for much more, and so did this script.

A number of things about the cover are interesting. The original title was The Reno Brothers back in August 1993. The script languished for years in pre-production, until hot young star Elvis was considered for a role in 1956. When his hit song “Love Me Tender” dominated the charts, the title was changed, as noted on the cover. Of course, many copies of the screenplay were printed, but this was Elvis’ own copy, as stamped in the upper left: “Please forward to: ELVIS PRESLEY.”

 

Library Card:

Elvis' Library Card from Auction at Graceland

Minimum bid – $5,000, Estimate – $12-15,000: Sold for $10,000

This is an important Elvis signature, a steal at half the price of the overnight pass. It is the second oldest known full Elvis signature, not counting a crayon box from when he was in first grade with ‘Elvis’ scrawled on it.

This signed library card was found by the librarian at the school which Elvis attended in Tupelo. Once the librarian realized Elvis’ fame, she searched through all of the books borrowed from the library by Elvis to find his signature, and discovered two cards. The second, from two days earlier than the offered card, is now in a private collection,

 

Okay, that is the top ten highest bid items (excluding the three rings to be covered later) at the Auction at Graceland. We’ll skip now to a couple of articles of Elvis clothing.

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White Puffy Shirt:

Elvis' White “Puffy Sleeve

Minimum bid – $3,000, Estimate – $7-9,000: Sold for $8,125

This is the shirt that one auction chatroom lady said she would love to sleep in because it touched Elvis’ body. Made for Elvis by the IC Costume Company, this shirt has puffy sleeves and cuffs that were a particular favorite of Elvis’ during the 1970s.

 

Used Concert Scarf:

Elvis Presley Used Concert Scarf

Minimum bid – $300, Estimate – $6-700: Sold for $5,625

Before the actual live auction on August 14, there had been a week of internet bidding. I checked it several times and noted very spirited bidding on this scarf. By the time the live auction started, forty-six bids had been made, so you knew something interesting was going to happen. And it did with the winning price going for eight times the estimate.

There have been other Elvis stage-worn scarves up for auction before, and they didn’t bring in this much money. It’s not because Elvis signed this one – the autograph is a printed facsimile. Maybe the included ticket stub added some value. Or, maybe the winning bidder was at that concert in Pittsburgh in 1976. Then it just might be worth shelling out $5,600 to get.

 

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