Elvis Presley's iconic 1962 Lockheed JetStar private jet sold for $260,000 at auction. However, after accounting for commissions and fees, the total price paid by the buyer was $286,000.
Details of the Historic Sale
Elvis Presley owned several private aircraft, but one of his most distinctive was his red 1962 Lockheed JetStar. This particular jet had been sitting on a runway in Roswell, New Mexico, for decades, awaiting its next chapter. It eventually found a new owner at the Mecum Kissimmee Collector Car auction in January 2023.
The auction of this unique piece of music history attracted significant attention, leading to a dynamic bidding process:
| Stage of Auction | Price |
|---|---|
| Initial Bidding Start | $100,000 |
| Bidding Increase to | $240,000 |
| Telephone Bid Offer | $260,000 |
| Hammer Price | $260,000 |
| Total Price (After Commissions & Fees) | $286,000 |
The final hammer price of $260,000 reflected the direct bid accepted by the auctioneer. The additional $26,000 covered the various commissions and fees associated with the auction house's services, bringing the true cost to the buyer to $286,000.
About the Jet
The 1962 Lockheed JetStar, though in need of restoration at the time of sale, was remarkable for its original, customized interior designed by Elvis himself. Features included:
- Red velvet upholstery
- Thick gold-tone carpet
- Wood paneling accents
- Built-in entertainment system
- Microwave, oven, and refrigerator
- Bathroom facilities
This sale represented a rare opportunity for collectors to acquire a piece of aviation history directly tied to one of the most legendary figures in music.
