Only a handful of individuals in the history of arts and entertainment can be rightly credited for changing the face of their industry. When it comes to music, that crown is held by Elvis Presley, who transcended rock and popular music and became an international phenomenon by modernizing traditional genres.
The interesting case with such legends is that their life is even more revered after their demise, skyrocketing the prizes of their memorabilia in the process. One of Presley’s memorabilia ended up raising eyebrows left right and center – akin to his peak performances – due to a staggering bid it attracted during an auction.
A Look at Elvis Presley’s Most Valuable Memorabilia Ever Sold
It’s been nearly five decades since the world of music lost the King of Rock. However, such was Elvis Presley‘s performing prowess as well as equally engrossing personal life that even to this day his name makes the headlines on a frequent basis.
This year, the late musical sensation has been in the news for the movie Sofia Coppola‘s Priscilla, which covers the changing dynamic in the relationship of Presley and his wife Priscilla, who met with him when he had already achieved a meteoric rise in the world of rock ‘n’ roll.
In 2020, Presley’s name was in the spotlight after his Gibson guitar became one of the most valuable pieces of memorabilia to be sold, commanding a final offer of $1.1 million at an auction.
The Memorabilia Club site (via TheThings) reported: “This guitar was played by Elvis during his final concert in 1977 and sold for $1.1 million at auction in 2020. It is one of the most valuable pieces of Elvis memorabilia ever sold.”
However, that’s just one of the many expensive memorabilia attached to Presley. In 2018, his Rolex watch which he wore during his 1972 concert tour was sold for $1.8 million. Meanwhile, his first recording, My Happiness, which kick-started his iconic career, was purchased for $300,000 in the late 10s.
What Is the Worth of Elvis Presley’s Estate Graceland?
The Elvis brand’s influence isn’t limited to a few valuable memorabilia, it has also transformed Graceland, his home from 1957 to 1977, into a major tourist attraction.
As per a report in StyleCaster, Presley’s estate makes him one of the wealthiest dead celebrities today, which is largely due to the Presley estate, which earned $23 million in 2020 alone. Graceland is understood to be worth anywhere between $400 to $500 million.
Presley’s estate has also been the subject of disputes. After the death of his daughter, Lisa Marie Presley, the late musician’s granddaughter Riley Keough and Priscilla were involved in a legal battle over the estate. However, in recent times, both parties have suggested that the issue has been resolved.
