Elvis Presley's two private jets to go on sale
Singer Elvis Presley's pair of personal jets will be up for auction for a piece of mile-high rock and roll memorabilia.
New York: Singer Elvis Presley's pair of personal jets will be up for auction for a piece of mile-high rock and roll memorabilia.
The jets, named Lisa Marie and Hound Dog II, which Presley designed himself will be offered together to bidders and are expected to fetch between USD 10 million and USD 15 million, the Beverly Hills, California, auction house said, reported the New York Post.
They are no longer airworthy, but have been on view for visitors at Graceland ? Presley's Memphis, Tennessee, estate ? for the past three decades.
Presley bought the Convair 880 jet from Delta Air Lines in 1975, two years before his death at age 42, for USD 250,000. He named it Lisa Marie after his daughter.
Presley spent more than USD 300,000 refurbishing the jet with a penthouse bedroom, executive conference room, bar and videotape system linked to four TVs. He had the plane painted red, white and blue with his motto, 'TCB' ? for 'Takin' Care of Business' ? on the tail.
He also purchased the Hound Dog II in 1975 for about USD 900,000 while waiting on the refurbishment of the Lisa Marie. The four-engine, 28-passenger Convair could fly Presley, who preferred to travel at night, up to 3,000 miles.
The buyer has the option to purchase several acres adjacent to Graceland to display the jets, independent of the Presley museum. An agreement between Graceland and the jets' current owners, whose identity was not disclosed, is set to expire at the end of April.