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

Of well-known partnerships, Elvis and the Colonel is one of the most famous, as the Colonel shepherded Elvis’ career from fledgling musician to the super stratosphere. He not only had a hand in making his client famous, but by promoting and capitalizing on this superstar as had never been done before, he ensured Elvis’ place in entertainment history.

Not long after Elvis appeared on the scene, the Colonel finessed Bob Neal, Hank Snow and Oscar Davis out of being Elvis’ managers. The men stood little chance against the Colonel’s guiles, as Bob Neal’s contract with Elvis had expired, Oscar was little threat and the Colonel contrived a deal with Hank Snow that made him think they would be co-managers. However, the Colonel was able to engineer his way to becoming Elvis’ “sole and exclusive Advisor, Personal Representative and Manager in any and all fields of public and private entertainment” on March 26, 1956, with what would be considered the most lucrative deal in all of show business.

The offered contract, signed and executed by both Elvis Presley and Col. Thomas A. Parker, confirms the prior November 21, 1955, agreement with Elvis, Vernon, and Gladys Presley that in consideration of the sum of one dollar, Elvis, having reached the age of 21, agrees to engage the Colonel as sole advisor, personal representative and manager. The one-page letter agreement, dated March 26, 1956, attests that Elvis has no other agreements or commitments of any kind with any other person, firm or corporation for the same capacity. The letter agreement concludes that the terms of service “in any and all fields of public and private entertainment now known or hereafter coming into existence” would be covered under this amended agreement to the November 21, 1955, contract. 

This March 1956 contract was the first management contract between Colonel Parker and Elvis Presley executed solely by Elvis as an adult. This historical document cemented this most famous relationship that would survive all of the perils of show business throughout decades. The significance of this agreement cannot be overstated, as it represents the legal bond between the King of Rock ‘n’ Roll and his illustrious manager, Colonel Tom Parker. The document, measuring 13 by 8 1/2 inches (33.02 x 21.59 cm)  comes with a letter from Jimmy Velvet on Elvis Presley Museum certificate stationery that states in part, “This is one of the most historical contracts in the history of entertainment signed by Elvis Presley and Colonel Thomas A. Parker because it was the first contract signed by Elvis as an adult (age 21), stating the Colonel was the sole and exclusive Advisor, Personal Representative and Manager in any and all fields of public and private entertainment. The contract specifies for $1.00 that Elvis will abide by the November 21, 1955 contract that Elvis signed as a minor at age 20 with his parents, Vernon & Gladys Presley.” The agreement is also accompanied by a letter of authenticity from Graceland Authenticated.

The contract presents with few defects, but does have some creasing in the lower left and the remnants of a paper clip stain at the top, both from file storage. Near Mint condition.
March 26, 1956, Elvis Presley Signed Contract Solidifying Colonel Parker as His Exclusive Management - One of the Most Famous Contracts in All of Popular Culture!
Current Bidding (Reserve Has Been Met)
Minimum Bid: $15,000.00
Final prices include buyers premium.: $35,000.00
Estimate: $30,000 - $35,000
Number Bids: 11
Auction closed on Saturday, August 12, 2017.
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