London, Nov 11: The divorce settlement papers of Elvis and Priscilla Presley will be up for auction.

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The document is dated August 15, 1972, reports people.com.

The yellowed papers are being described by auctioneers Henry and Andrew Aldridge as "a fabulous piece of show business history", that will be made available in UK on Saturday, according to Fox News.

"Each of the 12 pages contains fascinating details and offers the reader a snapshot into the details and offers the reader a snapshot into the details involved between both parties that only legal documents can give," Aldridge told Fox News.

The document states that the former couple agreed to divide up their property via the document to avoid more legal costs and "emotional stress."

"The parties were married on May 1, 1967 in Las Vegas, Nevada. Unfortunate circumstances and unhappy differences have arisen between the parties by reason of which they have lived separate and apart since February 23, 1972, and by reason of which they intend to dissolve their marriage," reads the document.

The settlement is signed by both Elvis and Priscilla, with the music legend signing over his famous 1971 Mercedes Benz, his 1969 Cadillac Eldorado, a 1971 Harley Davidson motorcycle and $100,00.

A pre-sale estimate of the settlement is between $26,318 to $32,898. The last time the settlement documents came up for sale in 2011, they sold for just under $8,000.

Elvis was 32, while Priscilla was 21 when they got married. They had daughter Lisa Marie together.