Ending Soon! Save 33% on All Access

This Is How Much Elvis Presley's Private Jet Just Sold for at Auction The King of Rock and Roll purchased the plane about eight months before his death in 1977.

By Amanda Breen Edited by Jessica Thomas

Bettmann | Getty Images

A private jet that once belonged to Elvis Presley sold at auction in Florida on what would have been the singer's 88th birthday.

Wisconsin-based collector vehicle auctioneer Mecum Auctions announced the red and silver 1962 Lockheed 1329 JetStar sold on January 8 for $286,000, per Fox Business.

Related: Michael Jordan Jersey Sold at Auction for Record $10 Million

According to Mecum Auctions, the 61-year-old jet is one of 202 JetStar airplanes manufactured by the Lockheed Corporation.

Presley reportedly purchased the plane from OMNI Aircraft Sales Inc. on December 22, 1976 for $840,000.

At the time, the jet was top of the line, complete with custom red velvet upholstery, gold-finish hardware, a microwave, VCR, cassette player and other then-luxurious amenities, per Smithsonian Magazine.

The jet was one of several private planes, including an additional JetStar and Convair 880 passenger plane, that Presley owned throughout his career, and he kept two pilots on retainer, Artnet reported.

Related: Bugatti's Only Chiron Profilée Set to Go Big at Auction

On its website, Mecum Auctions noted that the jet, which has been at the Roswell International Air Center in New Mexico for decades and doesn't include engines or replacement parts, will have to be taken apart to ship.

Amanda Breen

Entrepreneur Staff

Senior Features Writer

Amanda Breen is a senior features writer at Entrepreneur.com. She is a graduate of Barnard College and received an MFA in writing at Columbia University, where she was a news fellow for the School of the Arts.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

Now that OpenAI's Superalignment Team Has Been Disbanded, Who's Preventing AI from Going Rogue?

We spoke to an AI expert who says safety and innovation are not separate things that must be balanced; they go hand in hand.

Franchise

What Franchising Can Teach The NFL About The Impact of Private Equity

The NFL is smart to take a thoughtful approach before approving institutional capital's investment in teams.

Employee Experience & Recruiting

Beyond the Great Resignation — How to Attract Freelancers and Independent Talent Back to Traditional Work

Discussing the recent workplace exit of employees in search of more meaningful work and ways companies can attract that talent back.

Business News

Scarlett Johansson 'Shocked' That OpenAI Used a Voice 'So Eerily Similar' to Hers After Already Telling the Company 'No'

Johansson asked OpenAI how they created the AI voice that her "closest friends and news outlets could not tell the difference."

Business Ideas

Struggling to Balance Your Business and Your Relationship? This Company Says It Has a Solution.

Jessica Holton, co-founder and CEO of Ours, says her company is on a mission to destigmatize couples therapy so that people can be proactive about relationship health.

Marketing

Marketing Campaigns Must Do More than Drive Clicks — Here's How to Craft Landing Pages That Convert Clicks into Customers

Following fundamental design principles will ensure that your landing pages lead potential customers from clicking on an ad to completing a purchase.