Elvis And Red Velvet Boost Value Of Jet Up For Auction

Cheryl Sanders
May 24, 2017

A horseshoe-shaped diamond ring that Elvis Presley wore during his famous 1973 Aloha from Hawaii television special sold for $204,800 at a music memorabilia auction held Saturday at the Hard Rock Cafe in New York City.

If the victor of the auction ever wants to fly the aircraft, they will need to do some work: The plane has never been restored and it is now without engines.

Liveauctioneers.com says the jet was owned by Elvis and his father before going to a private owner in New Mexico.

It has been privately owned for 35 years and sitting on a tarmac in Roswell, N.M. "This jet has the potential of being fully restored, and placed on exhibit for the world to come see", the auction website said.

Roswell International Air Center Interim Director Scott Stark said the plane is privately owned and rarely was open for tours. Also up for auction are previously unseen photographs of the singer Aaliyah.

The auction house hosting the sale of Elvis Presley's plane has estimated the value of the Lockheed Jetstar to be worth $3.5 million, but it is conceivable that the plane could end up selling for far more than the suggested amount.

It's said that the plane was "One of the first Elvis owned... he spent hundreds of thousands modifying it".

When it comes to Elvis Presley memorabilia, this one takes the biscuit. The Lisa Marie plane, for example, can be seen at Graceland in Memphis, Tennessee. A 1962 Lockheed Jetstar with the interior custom designed by Elvis himself. Presley died on August 16, 1977, at age 42.

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