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

Oprah’s show episode during which she gave a car to each member of the viewing audience became famous for the boundless generosity of the world’s richest woman; however, she was not the first famous celebrity to make such an overwhelmingly benevolent gesture. As with so many firsts, Elvis did it before any other and while the stories of his giving away automobiles is well known, offered is official evidence of his lavish gift giving. Offered is an official “Report of Gift Tax Auditor” form dated May 6, 1974 which documents the appraised value of the gifts at $117,396.00 with tax payable on those gifts of $9,763.00. The document consists of four single-sided pages that have been double-stapled along the top margin. The first page contains a May 7, 1974 blue stamp and the second page contains black and blue stamps (2) dated April 16, 1974, and is numbered “74 4940” in the upper right corner. The second page lists the recipients of Elvis’ charity and the city and state in which they reside. The third page has the handwritten list with the date of the gifts, the name of the recipient and the value of each gift. Along the bottom written in pencil is the notation that the values are “based on purchase price.” The lengthy gift list includes James Caughley, Delbert West, Charlie Hodge, Thomas A. Parker, Mary Jenkins, Lamar Fike, Mrs. Marty Lacker, Mrs. Billy Smith, Billy Smith, Mike McGregor, each given an automobile; Sherrill Nielsen, Donnie Dumner, Tim Beatty, each given a motor home; furniture gifted to Delbert West; and cash to Jerry Schilling, Joe Esposito, William E. Pritchett, James Caughley, Bobby West and Kang Rhee Institute. The fourth page is signed in blue ink by Elvis Presley with an embossed stamp notarization dated April 15, 1974 indicating the date Elvis signed. The last three pages of the document are stapled together with 2 staples along the top margin and the top page has been added with an additional two staples (the top page has only two staples while the additional three are together with four staples). Elvis’ address on the front page and beneath his signature on the document is listed as care of Spain and Fisher, Certified Public Accountants on 5100 Poplar in Memphis. In March of 1973 when the first gifts were dated, Elvis had just signed a new 7-year contract with RCA and he and the Colonel had arranged over $10 million worth of business, perhaps leaving Elvis feeling overly generous with this newfound influx of funds. Although Elvis never chanted “a car for you, a car for you and a car for you,” his actions speak louder than any words. Each page of this gift tax form measures 11 by 8 1/4 inches (27.94 x 21.59 cm) and the entire document is accompanied by a letter of authenticity from Graceland Authenticated.

The pages are all in excellent condition with only minor edge wear to the top page lower edge.
1973 Elvis Presley’s Signed and Notarized Signed IRS Gift Tax Form
Current Bidding (Reserve Has Been Met)
Minimum Bid: $1,500.00
Final prices include buyers premium.: $2,125.00
Estimate: $3,000 - $5,000
Number Bids: 4
Auction closed on Tuesday, August 13, 2019.
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