Got Lots of Money, Honey? You Can Buy Elvis' Jets

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Elvis Presley's Former Planes Will Soon Be Up For Auction

Elvis Presley's pair of personal jets, one complete with gilded wash basin and plush sleeping quarters, will go under the hammer in a sealed-bid auction, Julien's Auctions, of Beverly Hills, California, said on Friday.

Jets "Lisa Marie" and "Hound Dog II" that the late King of Rock and Roll designed himself will be offered together to bidders and are expected to fetch between $10 million and $15 million. 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 $250,000. He named it "Lisa Marie" after his daughter. Presley spent more than $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" -- "Takin' Care of Business" -- on the tail.

He purchased the eight-to-10 passenger "Hound Dog II," a Lockheed Jetstar, also in 1975 for about $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. Only 65 of the Convair 880 model jets were produced from 1959 to 1962.

The buyer also 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 wasn't disclosed, is set to expire at the end of April.

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Elvis Presley Jets Could Fetch More Than $10 Million
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Got Lots of Money, Honey? You Can Buy Elvis' Jets

The Lisa Marie, one of two jets once owned by late singer Elvis Presley, which is part of the Graceland tourist attraction in Memphis, Tenn. Priscilla Presley is asking fans of her late ex-husband Elvis Presley to please calm down after a report that the jets could be removed from Graceland.

The bathroom inside the Lisa Marie, one of two jets once owned by late singer Elvis Presley, that are used as tourist exhibits at the Graceland attraction in Memphis, Tenn. The company that operates the Graceland tourist attraction has told the current owners of the Lisa Marie, and another plane called the Hound Dog II, that it wants the planes removed from Graceland by late April 2015, or shortly afterward.

A large sofa is shown inside the Lisa Marie, one of two jets once owned by late singer Elvis Presley, that are used as tourist exhibits at the Graceland attraction in Memphis, Tenn.

The Lisa Marie, one of two jets once owned by late singer Elvis Presley.

A large conference table is shown inside the Lisa Marie, one of two jets once owned by late singer Elvis Presley, that are used as tourist exhibits at the Graceland attraction in Memphis, Tenn.

The Hound Dog II, one of two jets once owned by late singer Elvis Presley on display at Graceland in Memphis, Tenn. Fans have posted critical comments on Facebook since The Associated Press reported last week that Elvis Presley Enterprises informed the owners of the Hound Dog II and another jet, the Lisa Marie, to prepare to remove the planes when their agreement ends next April.

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