The Auction at Graceland•March 4, 2017
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This lot is closed for bidding. Bidding ended on 3/4/2017

While the Colonel brought nationwide attention to Elvis with his proven promotional prowess, he was well compensated for his mastery and was known to have earned up to 50% of revenue at times. The offered letter, dated January 3, 1962, is a prime example of one of those times. Elvis formally addresses Colonel Tom Parker at All Star Shows in this typed business letter which states, “It is hereby agreed that the one percent (1%) royalty payment due All Star Shows for promotion services made by RCA Victor Records as per Paragraph One (1) of amending letter dated January 3, 1962 is to be distributed as follows: Fifty percent (50%) of this payment to All Star Shows. Fifty percent (50%) of this payment to Elvis Presley.” The letter is signed by Elvis Presley above his typed name and stamped as received on January 11, 1962. The royalties being discussed certainly could be from the album Something for Everybody, which had been released in June 1961 or for the soundtrack album for the hit movie Blue Hawaii, which has been released in October 1961. The letter measures 11 by 8 1/2 inches (27.94 x 21.59 cm) and is accompanied by a letter of authenticity from Graceland Authenticated.

This letter on tissue-like paper has three punch holes down the right side, two horizontal fold lines, two folds at the upper corners, and two nicks to the paper in the upper left. The blue ink signature is strong.
Elvis Presley Signed Agreement Letter Concerning RCA Victor Royalty Payments to Colonel Parker
Current Bidding (Reserve Has Been Met)
Minimum Bid: $1,500.00
Final prices include buyers premium.: $2,000.00
Estimate: $2,000 - $4,000
Number Bids: 3
Auction closed on Saturday, March 4, 2017.
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