Elvis gun, jacket up for auction at singer’s Graceland home

Priscilla Presley glances at a crowd of fans after the dedication ceremony for the new Elvis Forever stamp, the second postal stamp for the music icon Wednesday, August 12, 2015, in Memphis.

“It’s an exciting sale”.

Along with the weapon are clothes the rock star wore in some of his films, such as the finely fitted yellow jacket he sported when dancing with actress Ann-Margret in “Viva Las Vegas” in 1964.

“I think there are very hard measures in this package”.

The acoustic guitar that Elvis played during that recording session in December 1956 is today valued at between $20,000 and $30,000, and its history is authenticated by the signatures of the four superstars. “It could do as much as $US1 million (NZ$1.5 million)”, he believed.

Other items on the block include Elvis’ personal Walther PPK handgun, engraved “Elvis” and “TCB”, meaning “taking care of business”. Auctioneers expect that to bring in between $100,000 and $125,000.

One of the higher priced items in the auction, a pale blue jumpsuit worn by Presley for early 1970s Las Vegas concerts, has been withdrawn from bidding, Marren said.

Graceland Auctions managing director Laura Pickett says all the artifacts are from third party collectors; nothing is owned by Graceland.

The Memphis Commercial Appeal reports that David Saks called a number of post offices looking for the stamps on Monday, but he had little luck having an Elvis Presley sighting.