Thank You, Thank You Very Much: Most Expensive Elvis Memorabilia
Elvis Presley, the King of Rock and Roll, radically changed the face of music in the 1950s and has unquestionably become a legend, a giant of musical history, a deity of hip-shaking blues. Elvis’ fans span across generations and the desirability for Elvis memorabilia still burns brightly in the hearts of the King’s followers. Therefore, it is no surprise that Elvis memorabilia sells for over half a million dollars!
The most expensive piece of Elvis memorabilia is, rightly so, is his 24-carat gold-leaf grand piano that sold for $600,000 at Julien’s Auctions in 2015. Fittingly, this majestic and decadent piano was purchased by none other than Hard Rock International, the celebrated restaurant and entertainment chain famous for its impressive collection of music memorabilia. Elvis originally had intended the piano to be a present for his mother, but soon discovered that the piano was too large to fit through the doors of his parent’s home and instead stationed the instrument in his own home. The piano became an eye-catching fixture at Graceland and is synonymous with the ornate, lush and sumptuous style of the King.
The second piece of memorabilia that broke a record, no pun intended, was Elvis’ first ever vinyl recording. In August of 1953, Elvis paid $4 to record two songs at Sun Studios in Memphis: “My Happiness” and “That’s When Your Heartaches Begin.” He then had the tracks pressed on acetate and brought the record over to his friend Ed Leekie’s house, where it remained in the family’s collection for decades. “My Happiness” was finally offered for auction at Graceland in January 2015 and sold for an astounding $300,000 catapulting this early Elvis recording to be the most expensive record ever sold! The lucky buyer was none other than famous musician Jack White.
In third place is Elvis’ epic peacock jumpsuit, which was one of his absolute favorite stage costumes because he believed peacocks to bring good luck. The cool white jumpsuit, lavishly embroidered with a blue and gold peacock, sold for $300,000 in 2008 and, at the time, was the most expensive piece of Elvis memorabilia ever sold. The first time Elvis wore the jumpsuit on stage was he performed at The Forum in May 1974. Later, he wore the jumpsuit on the cover of his 1975 album Promised Land.
The Loan Companies are one of the few collateral lenders who will purchase and lend against one-of-a-kind music memorabilia. If you have any high-value entertainment memorabilia from talented musicians such as Frank Sinatra, Jimi Hendrix, Michael Jackson, or Bob Dylan our experienced loan officers are happy to evaluate your collateral! Be sure to gather all provenance documentation and letters of authenticity and contact The Loan Companies to schedule an appointment at a convenient location near you: Beverly Loan Company, New York Loan Company, or Chicago Loan Company.