Dilapidated private jet of Elvis Presley which sat in the desert for more than 40 years sold for just $260,000.
Elvis Presley bought this red-and-silver-liveried JetStar in 1976 for $840,000. this aircraft has room for 9 passengers and 3 crews, with top speed of 565 mph and a range of about 2,500 miles.
Elvis Presley’s private jet with plush red velvet seats landed in Roswell the New Mexico in 1977. once this jet was owned by a company from Saudi Arabia.
Elvis Presley’s Ex wife Priscilla Presley who stood alongside the Mecum auctioneers during what turned out to be decidedly lackluster bidding.
Priscilla Presley said today would be Elvis’ 88th birthday and he loved aircrafts and it was one of them. I’m excited to be here because this is my first auction.
The Mecum auctioneer said to the crowd before the bidding starts that this is an incredible restoration opportunity to create an Elvis exhibit for the world to enjoy.
Bidding started with $100,000, and to $150,000 however settled at $200,000. but it jumped to $240,000, after few minutes, Finally a telephone bidder reserve came off and the hammer fell at $260,000 with additional fee of $26,000.
Jim Gagliardi a businessman of Madera, California bought the jet at a 2017 auction for $498,000 after commission and fees which will be a disappointment for the seller.