The Auction at Graceland•Elvis Week•August 12, 2017
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This lot is closed for bidding. Bidding ended on 8/12/2017

This letter on RCA stationery dated December 12, 1969, to Colonel Parker at All Star Shows is from Harry Jenkins, Division Vice President of Record Operations for RCA. Harry Jenkins is confirming the conditions and terms of their agreement for the release of four Elvis Presley Camden albums, three of which are to be released in 1970 and one of which is for Easter in 1971. RCA Camden was a subsidiary of RCA Victor and produced budget LPs usually of 10 tracks and shorter running time.

The agreement reads in part, “All repertoire and actual release dates of these 4 Camden albums must be mutually agreed upon by Colonel Parker for All Star Shows and Harry Jenkins for RCA Records. It has been agreed that the first Elvis Presley Camden album will be released for Easter, 1970. A special merchandise agreement royalty of 20¢ per unit will be paid to All Star Shows on domestic sales and 10¢ per unit paid on sales in all countries outside the U.S.A. Between January 1 and January 10, 1970, an advance payment of $300,000.00 is to be made as follows: $150,000.00 to Elvis Presley / $150,000.00 to All Star Shows.” The letter agreement continues to provide details about from where the advance funds will be recuperated and how further monies beyond the advance will be paid. The second-to-last paragraph on page two discusses the option to request two additional Elvis Presley Camden albums for release in 1971 under the same terms, and that should RCA not exercise this option, it will pay $10,000.00 to All Star Shows. The two-page letter agreement is signed in blue ink by Harry E. Jenkins, agreed and accepted by Colonel Parker who has signed in black ink for All Star Shows, and approved by Elvis Presley who has signed in black ink.

In 1970 and 1971, RCA Camden released Let’s Be Friends, Almost In Love, Elvis’ Christmas Album (a reissue of the 1957 album which was out of print by the 1960s), and You’ll Never Walk Alone. Offered with the contract are original Camden LPs of Almost in Love and Elvis’ Christmas Album (still sealed). The budget album arrangement brought in extra cash for Elvis and the Colonel outside of the standard contract stipulations. This letter agreement measures approximately 10.75 by 8.375 inches (27.31 by 21.27 cm) and is accompanied by a letter of authenticity from Graceland Authenticated.

The pages of the agreement suffer from only very minor filing-related wear, including staple holes, three hole punches with minor paper loss and mild toning. The signatures remain very bold. Excellent to Mint condition.
1969 Agreement Letter Signed by Elvis Presley and Colonel Parker Regarding Advances and Royalties for 4 RCA Camden Albums to be Released in 1970 and 1971
Current Bidding (Reserve Has Been Met)
Minimum Bid: $1,500.00
Final prices include buyers premium.: $5,500.00
Estimate: $3,000 - $6,000
Number Bids: 12
Auction closed on Saturday, August 12, 2017.
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