Second Auction the Charm: Elvis’ Former JetStar Sold
Bidding failed to reach reserves during the first attempt to auction the airplane in 2008.

A 1962 Lockheed JetStar, sitting untouched at the aircraft boneyard in Roswell, New Mexico since 1982 and once owned by rock singer Elvis Presley, was auctioned to the highest bidder last Saturday. However, the aircraft fetched a lot less than the auctioneers had hoped. Liveauctioneers and GSW Auctions had estimated the airplane’s value at $2 million to $3.5 million. However, no reserve was stipulated and bidding topped out at $430,000.

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