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Elvis' Private Jet Lands at $286,000 in Mecum Auction

by golfinger007
14th March 2023
in Collectibles
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The 1962 Lockheed Jetstar used by Elvis to buzz around the country on tour sat in the New Mexico desert for nearly 40 years before flying off at auction recently.

Elvis Presley’s private jet has finally landed.

After sitting in the desert for nearly 40 years at the Roswell International Air Center in New Mexico, Elvis’ 1962 Lockheed 1329 Jetstar sold for $286,000 (including fees) at a Mecum Auctions event earlier this year. The jet is one of three Elvis owned and used to fly his TCB band, backup groups, Col. Tom Parker and the ever-present Memphis Mafia to venues, concerts and appearances around the country.

Elvis Presley owned three jets, including a custom Convair 880 named “Lisa Marie” after his daughter. Here, Elvis and Priscilla Presley, who met while Elvis was in the Army, prepare to board their private jet following their wedding in 1967 at the Aladdin Resort and Casino in Las Vegas.

While the outside of the jet is sun-bleached and in poor condition, the luxurious interior reminds us that at one time it was good to be the King.

The cabin features wood paneling and red velvet upholstery with gold-finish hardware. There’s seating for nine by way of six plush chairs that swivel and recline, along with a couch. An onboard entertainment system is tucked away in a media cabinet, featuring a television, RCA VCR player and audio cassette player, and headphone ports with audio controls are located at every seat. A galley contains storage and a meal-prep area complete with a Kenmore microwave and beverage dispenser.

The plush interior of Elvis’ jet features red velvet upholstery.

Courtesy Mecum Auctions

Elvis bought the jet in December of 1976 for the princely sum of $846,000. The plane had a top speed of 565 mph and a range of about 2,500 miles. But the jet’s flying days are long past. The Lockheed’s four engines and most of its cockpit instrumentation were removed years ago.

Elvis sold the jet after owning it for just over year and it ended up with a Saudi Arabian company. It was eventually moved to the Roswell International Air Center in Roswell, New Mexico, where it has been stored for decades.

Elvis’ 1962 Lockheed 1329 Jetstar has seen better days. Even so, it was still the main attraction at  Mecum Kissimmee Collector Car auction in Florida in January.

Courtesy Mecum Auctions

Businessman Jim Gagliardi, of Madera, California, bought the jet at a 2017 auction for $498,000 (including fees). Gagliardi told the Roswell Daily Record newspaper he originally planned to ship the plane to his earth-moving equipment dealership in Madera. “I was going to have it as kind of an advertisement, have people go in it and look at it,” he told the paper.

But the original plan fizzled, and the jet remained at the Roswell Air Center. Gagliardi confessed he had never visited the plane in the six years he owned it.

The other two jets owned by Elvis are currently on display at Graceland.

You May Also Like:

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Elvis Memorabilia Remains Hot

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Elvis' Private Jet Lands at $286,000 in Mecum Auction

by golfinger007
14th March 2023
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