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Jet Owned By Elvis Presley Sold At Auction for Bellow its Estimated Price after Sitting 30 Years on a Runway

30 May 2017

Elvis Presley’s 1962 Private Jet Sold at Auction after Sitting for 30 Years on a Runway

Elvis Presley’s 1962 private jet sold at auction after it sat for 30 years in a New Mexico runway.

The private jet, sold at auction recently at an event featuring A-list celebrity memorabilia, after sitting on a runway in New Mexico.

Designed by Elvis Presley, who has a net worth of $350 million, the jet features gold-tone, woodwork, and red velvet seats.

Apart from that, the plane also features inlay and red shag carpet but it’s without engine. Plus, the cockpit is still the same, without suffering any restorations, but desperately needs one.

The buyer, who paid $430,000 for the plane, remains anonymous in the sold note posted on the auction site. They expected the plane to sell for more, but the bidder only paid $430k for it.

Auctioneer Brigitte Kruse said that she could not release information about the buyer of his/her plans for the plane, at least not yet.

Elvis and his father, Vernon Presley owned the 1962 red Lockheed, according to Liveauctioneers.com.

Elvis really designed it?

According to a previous owner, Elvis did not design the interior but he did.  The auction house’s claim that Elvis designed the plane is false, according to Roy McKay.

Elvis Presley’s 1962 Private Jet Sold at Auction after Sitting for 30 Years on a Runway

He mentioned that he designed the interior himself after purchasing it, because it “kind of looked like a casket” featuring a gray interior.

Elvis Presley’s 1962 Private Jet Sold at Auction after Sitting for 30 Years on a Runway
Elvis Presley’s 1962 Private Jet Sold at Auction after Sitting for 30 Years on a Runway
Elvis Presley’s 1962 Private Jet Sold at Auction after Sitting for 30 Years on a Runway
Elvis Presley’s 1962 Private Jet Sold at Auction after Sitting for 30 Years on a Runway

But a spokesman for GWS told The Associated Press that the auction house is confident that Elvis himself designed it.

According to Federal Aviation Administration records, the interior of the jet is the same as Elvis left it, Carter said.

Elvis, who died at 42 years old in 1977, owned the 1962 Jet, which he used to travel the world.

Elvis Presley’s 1962 Private Jet Sold at Auction after Sitting for 30 Years on a Runway
Elvis Presley’s 1962 Private Jet Sold at Auction after Sitting for 30 Years on a Runway

Elvis Presley’s 1962 Private Jet Sold at Auction after Sitting for 30 Years on a Runway

The plane is so big that it won’t fit in the garage, but that didn’t stop the bidder to buy the plane.

Elvis Presley’s 1962 Private Jet Sold at Auction after Sitting for 30 Years on a Runway
Elvis Presley’s 1962 Private Jet Sold at Auction after Sitting for 30 Years on a Runway |via: Liveauctioneers.com|

Would you have bought it? We’d!

*If you liked Elvis’ plane maybe you’d like to read more about the most expensive private jets: