Jet That Once Belonged to Elvis Presley Sold at Auction

The sale of the 1962 Lockheed JetStar that sat in the New Mexico desert for decades took place on what would have been Elvis' 88th birthday.

Jonathan Welsh

Monday, January 09, 2023 at 05:41 PM ET

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This Lockheed JetStar that Elvis Presley once owned was parked in the Mew Mexico desert for decades. [Courtesy: Mecum Auctions]

Key Takeaways:

A 1962 Lockheed JetStar executive jet, once owned by Elvis Presley, was sold at auction for $260,000 on what would have been his 88th birthday.
Presley purchased the JetStar in 1976 for $840,000 but sold it less than a year later, after which it was stored for decades.
The aircraft, an early model private jet, was sold in a non-flightworthy condition, missing its engines and many cockpit components, presented as a unique restoration opportunity.

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There are many aviation experts who use their experience and knowledge in precisely estimating the value of general aviation aircraft on the used market. However, I believe there are certain cases in which anyone’s guess might suffice.

One such case unfolded yesterday in Kissimmee, Florida, when auction company Mecum Auctions sold a 1962 Lockheed JetStar executive jet once owned by singer Elvis Presley, for a bid of $260,000. The sale fell on what would have been Presley’s 88th birthday.