A little less expectation! Elvis's last private jet is auctioned off for just $430,000 after it was projected to fetch up to $3.5MILLION

Elvis Presley's last privately-owned jet was auctioned Saturday after sitting for 35 years on a tarmac in Roswell, New Mexico
The 1962 red Lockheed JetStarOne sold for $430,000 to an undisclosed buyer
The jet, which has been referred to as the 'lost' jet, was expected to fetch between $2million and $3.5million
It was special to Presley because he owned it with his father, Vernon Presley
Presley's other two jets are now owned by The Elvis Presley Museum


Elvis Presley's last privately-owned jet was auctioned Saturday after sitting on a tarmac in Roswell, New Mexico, for 35 years.
The plane sold for $430,000 on Saturday at an Agoura Hills, California, event featuring celebrity memorabilia, GWS Auctions Inc. said.
It was expected to fetch between $2million and $3.5million (£2.6million), according to liveauctioneers.com, the site handling the bidding.


The 1962 red Lockheed JetStarOnehas been referred to as the 'lost' jet.
The buyer was not disclosed in the sold note posted on the firm's website, and auctioneer Brigitte Kruse said she could not immediate release information about the buyer or the buyer's plans for the plane.
Before being auctioned off, the jet had remained hidden away in an 'aircraft graveyard' for 35 years and is preserved with its red velvet seats, shag-pile carpets and original woodwork.
The auction house says Elvis designed the jet's interior. But the plane has no engine and needs a restoration of its cockpit.
The aircraft was one of three jets owned by the King of Rock and Roll throughout his lifetime, and was particularly special to him as he owned it with his father Vernon Presley.

A previous owner of the private jet disputed the auction house's claim the king of rock 'n' roll designed its red velvet interior.
Roy McKay told KOB-TV in Albuquerque on Tuesday he designed the interior himself. McKay said that when he purchased the red 1962 Lockheed Jetstar, it had a two-toned gray interior and 'kind of looked like a casket.'
But then-GWS spokesman Carl Carter told The Associated Press the auction house is confident Elvis designed the interior, which photos show has red velvet seats and red shag carpet.
Federal Aviation Administration records show no interior changes were ever made to the jet, Carter said.
The listing for the plane read: 'This aircraft has never been restored and features original external painting and detailing, as well as original interior.
'The interior was custom designed to Elvis' specifications. Down to the gold-tone, woodwork, inlay and red velvet seats and red shag carpet.'
The jet was previously owned by a private collector, who has not been named.
The owner kept the collectors' item all this time even, but it is not in flying condition.


Read more: http://www.dailymail.co.uk/news/article-4548880/Elvis-s-private-jet-auctioned-430-000.html#ixzz4iN5URkyN

Also up for auction was a solid 14k carat yellow gold ring owned by Elvis which was expected to sell for an estimated $35,000

The stunning piece of jewellery is encrusted with 4.5 carat diamonds

Negatives from the Elvis museum were anticipated to fetch $2,000

The negatives are among a large collection of items owned by Elvis Presley that went up for auction Saturday

Presley posed here with two flight attendants in Los Angeles on August 16, 1956

It was built in a a private collaboration between Jetstar and Lockheed

Pictured is Elvis Presley's copy of his Christmas album which was also up for auction

This Hawaii wood-mounted photo of Elvis was expected to fetch an estimated $1,000

Money miss road..

There was a time when this jet was the latest model

king of rock and roll

ok