Elvis Presley's last privately-owned jet to be auctioned off for up to $3.5million

The jet has never been restored, kept in its original condition by a private collector. Photo / liveauctioneers.com

Elvis Presley's last privately-owned jet will be auctioned on May 27, after sitting for more than 30 years on the tarmac in Roswell, New Mexico.

The 1962 red Lockheed JetStarOne, which has been referred to as the "lost" jet, is expected to fetch between $2million and $3.5million, according to liveauctioneers.com, which is the site handling the bidding.

The aircraft is one of three jets owned by the King of Rock and Roll throughout his lifetime, and was particularly special to him as he owned it with his father, Vernon Presley, reports Daily Mail.

"This aircraft has never been restored and features original external painting and detailing, as well as original interior," the listing reads.

"The interior was custom designed to Elvis' specifications. Down to the gold-tone, woodwork, inlay and red velvet seats and red shag carpet."

The jet is currently owned by a private collector, who has not been named.
The owner has kept the collectors' item its original condition all this time.

This rare airplane is one of only 204 aircraft manufactured between 1957 and 1978 in a private collaboration between Jetstar and Lockheed.

The cockpit, along with the rest of the jet, has never been restored; the plane has no engines. Photo / liveauctioneers.com

The cockpit, along with the rest of the jet, has never been restored.

The bidding has already started with a $10,000 offer, despite the fact that the plane currently does not have any engines.

Presley's plane is part of a larger celebrity memorabilia sell-off, including 315 lots in total.

The auction is being run by GWS Auctions, Inc out of Agoura Hills, California. The plane is being sold without reserve and will go to the highest bidder on May 27.

The It's Now Or Never hitmaker's other two jets are now owned by The Elvis Presley Museum.