The Auction at Graceland•Elvis Week•August 13, 2019
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This lot is closed for bidding. Bidding ended on 8/13/2019

Elvis was a pioneer of not only music but being in step with the latest and greatest, so in December 1970 he and Priscilla purchased a home in the posh Holmby Hills neighborhood of Los Angeles that was larger than the one they owned on Hillcrest Drive in Beverly Hills. This new home allowed for more guests and additional privacy on the secure grounds. Just days later, on December 10, they secured a permit for renovations on the new home. After the couple separated in 1972, Elvis collected his things from both the Hillcrest and Monovale homes on June 29, 1972 and relinquished his ownership of each to Priscilla. Priscilla and Lisa Marie stayed in the Monovale home after the divorce and before it was sold to actor Telly Savalas in July 1975. The house was on the market for at least a year before the final sale, as attested in the offered listing renewal letter, dated June 28, 1974, in which Elvis addresses the gentleman at George Elkins Company in Beverly Hills and informs them, “This is to serve as an extension and renewal of the exclusive right to sell listing on my property at 144 Monovale in Beverly Hills, California. This renewal is effective as of this date and is extended until midnight December 28, 1974. The full purchase price is to remain the same at $750,000. All other terms and conditions are to remain the same as in the original listing. I hereby acknowledge receipt of a copy of this document.” The letter has been signed “Elvis A. Presley.” After more than a year on the market, Elvis agreed to $625,000 as the final sale price of this home to the famous actor. This significant document is displayed in a handsome frame along with an image of Elvis and the gates of the home as well as a gold plaque that reads, “Elvis A. Presley / 144 Monovale / Hombly Hills / California,” all set within a dark mat in a gold-toned frame. A stunning document that provides a glimpse into the inner workings of an aspect of Elvis’ private life. The framed display measures 27 1/2 by 25 by 1 inch (69.85 x 63.5 x 2.54 cm) and is accompanied by a letter of authenticity from Graceland Authenticated.



The renewal letter has horizontal and vertical fold creases and while the signature has faded, it is still clearly visible and strong. The letter and display are in overall excellent condition.
Elvis Presley Signed 1974 Realtor Agreement to Sell His Monovale Drive Beverly Hills Home
Bidding
Current Bidding (Reserve Has Been Met)
Minimum Bid: $1,500.00
Final prices include buyers premium.: $1,875.00
Estimate: $4,000 - $6,000
Number Bids: 2
Auction closed on Tuesday, August 13, 2019.
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