Judging by the public outcry to our recent List of the Day, "Ten Reasons Why Elvis Presley is Overrated," our readership loves the King. For those of you whose feathers we ruffled, here's some consolation: You're not alone. Yesterday, an online auction of Presley's belongings went up through Gotta Have It, and auction master Peter Siegel has set the minimum bid of $100,000 on some items.
Siegel is assured that crazed fans will dig the money out of their pockets, even in recession time. "There is a huge, huge following for Elvis and there always will be," he said. "He was larger than life....Kids dress up like him still for Halloween."
Although it could be speculated that no child has ever paid upwards of $100,000 for a King costume, Siegel has priced the memorabilia with confidence in Presley's cult following. The $100,000 minimum bid is on Presley's iconic sky blue jumpsuit and cape with gold lining. To top that, Siegel expects a minimum of $750,000 on the singer's white Knabe Grand Piano, which he played at his mansion in Graceland. A silver and turquoise belt Presley wore starts at $8,000.
One thing Siegel didn't consider, though, is that some diehard fans still think Elvis lives. What would the living King think of an auction house parting his garments and casting lots for them? Pending an angry mob, the auction, which started Monday, will close on March 25.
Related links:
News: New DVD to chronicle Elvis' final hours
News: Wanda Jackson releases Elvis tribute
Elvis.com
Got news tips for Paste? E-mail news@pastemagazine.com.
News: New DVD to chronicle Elvis' final hours
News: Wanda Jackson releases Elvis tribute
Elvis.com
Got news tips for Paste? E-mail news@pastemagazine.com.


Both the writer of the article and Siegel have it all wrong regarding high priced Presley memorabilia.
One thing is to ensure that the lower priced items are available and bought by the legion of Presley fans out there, and another is to engage in wishful thinking as to who will purchase the high priced articles.
The latter will not be worn, neither by say, a wealthy Presley impersonators, nor by someone with enough money to buy it for a Halloween custom.
These items, as well as the piano, are either going directly to Rock Museums, or Hard Rock cafes or, say, to extremely smart car salesmen like the one who bought one of the two existing capes Presley wore at the Aloha from Hawaii global telecast, at a Las Vegas auction in 1999.
He recouoped the cost(US$85,000), in less than a month, after placing it in an encased window, high up near the highway, just outside his Texas car dealership for tens of thousands upon tens of thousands to see, from their cars, as they passed his business. In one month, many stopped bgy and bought a car there. Or two. And they were not necessarily Presley fans!!
As to what Preley would think of 500 of his personal items (or related to him), being up for auction, the question shows little knowledge of the gargantuan magnitude of what exists at the various Graceland cellars!!
In fact, he loved to keep things, but the majority of the stuff being sold at this particular auction was given by Presley himself, as gifts.
There are 156 jumpsuits left, so if 3 has thus been sold, in 31 years since he passed away, this means that there'll be Presley jumpsuits to be sold for the next two centuries. (LOL)
Elvis Presley is NOT "overrated" and I could list a THOUSAND reasons why.
Amazing that the WORLDS GREATEST ENTERTAINER, thirty+ years after his (sadly) passing, STILL "outsells" 99.9% of all "Artists" (oxymoron alert) today and yet gets this type of "innuendo" and personal attacks.
Elvis SANG LIVE for an average of 150 SOLD OUT Concerts for EIGHT years straight.
Elvis sold 50,000,000 (FIFTY MILLION RECORDS) in 2.5 years at a time when the US Population was 53,000,000. Today it would take someone, to reach the same percentage, selling 324,000,000 RECORDS in 2.5 years...IMPOSSIBLE!
Elvis sold GOLD RECORDS at a time (again) when the population was 1/6th of todays AND you had to sell a MILLION RECORDS (sell is the KEY WORD). Today, they only have to "ship" (yes I said SHIP and NOT SELL) 1/2 of a Million Records (i.e. 500,000). And you have the GALL to say he was "overrated"!
Lastly, Elvis went into the US ARMY during the PEAK of his career and STILL came back and sold BILLIONS of RECORDS.
I could state FACT AFTER FACT about Elvis but INSTEAD I would just ask those Elvis Fans to visit www.ElvisCollector.info which is THE Elvis Presley Fan Website Worldwide (who also has the talents of Mr. Jeff Schrembs, Elvis Presley Expert/Collector/Artist/Author, who is a World renowned Elvis Presley Fan/Advocate).
Nuff said (for now).
Take care and God bless.
www.ElvisCollector.info
Jeff, I think you meant 153 million, not 53 million (the US population, in the period from January 1956 till his Army recruitment, was around 153 million).
Still, it would be impossible for someone to sell that kind of a percentage today, namely the equivalent of over 100 million records in a 2 and a half year period.
No one has done it. I've checked. Usually they can sell 25 million, say, in a two year period, then their "real fifteen minutes of fame" are up, and from then on, and although their sales continue, no one, save for the Beatles, has been able to duplicate that kind of global longevity, not just over a 2, 5, or even 10 year period, but over consecutive decades.
Overrated my foot!!