Elvis owned planes went to auction, seems they didn't sell, and now it's time for them to be removed from Graceland

the Lisa Marie and the Hound Dog II

the planes were bought by an investment company, who made a deal with the investment company that bought all the rights to everything Elvis and Graceland.... OKC Partnership and Elvis Presley Enterprises (EPE)

So they brought the places to Graceland 30 years ago, made a lot of money, and things were fine. But no one has a commitment to the investments, they were riding the gravy train til they could make a profit if anything else came along, and that was spring of 2014. EPE decided to build a 450 room hotel, in the same footprint as the planes.

So the planes investment company (OKC) had to get the planes off the (EPE) Graceland premises... but they decided it'd be a lot easier if they sold them instead.

Except, nobody bought them. No one wanted to part with 10-15 million, and deal with how to move planes that can't fly or even start up, probably can't even roll, but have to move off Graceland.

http://www.juliensauctions.com/auctions/2015/elvis-presley/index.html
http://www.al.com/entertainment/index.ssf/2015/04/elvis_presleys_planes_the_lisa.html
http://www.aviationpros.com/news/11868441/owners-eye-former-church-site-for-elvis-planes

- by Be For