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Elvis Jet Sold by Agoura Hills Auction House

GWS Auctions Inc. in Agoura Hills has made the most newsworthy deal of its life – selling Elvis Presley’s third and last private jet for nearly $500,000, a price that included a buyer’s premium. On Saturday, the company sold the late celebrity singer’s Lockheed Jetstar at a live but closed auction in Beverly Hills. The buyer, a private collector, was one of about 15 potential buyers at the location, and one of more than 160,000 who bid online. He did not want to be named, said Brigitte Kruse, co-owner and lead auctioneer. “It will be announced at a later time, and it will be a very, very big deal,” Kruse said. “It will be very exciting to people in our area.” The plane, which had no engines, an unrestored cockpit and had been parked at a Roswell, N. M. airport for the past 35 years, generated an opening bid price of $10,000. The jet was owned by Presley and his father, Vernon Presley. They bought the aircraft in 1976, and registered it the following year, Kruse said. Elvis Presley died in August 1977, and the father died less than two years later. When GWS announced around mid-May that the plane would be sold at auction, the news attracted dozens of international and national major media networks, Kruse added, from such news outlets as the Associated Press and Bloomberg, online news websites including Google News and television networks.

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