Elvis Presley's pair of personal jets "Lisa Marie" and "Hound Dog" will be offered for sale by Juliens Auctions, located here in California in Beverly Hills. They are expected to sell for from ten to fifteen million dollars. Since the jets do not belong to Graceland, in Memphis, Tennessee, but are on a lease agreement, with the owners whose identity has not been disclosed, expires at the end of April. At that time, whoever buys them will also have an option to purchase several acres adjacent to Graceland to display the jets, independent of the Presley Museum.
Bob Everhart for Country Music News International