Elvis Presley's Private Jet Collecting Dust in Desert for 40 Years Just Got Sold

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Elvis Presley's Private Jet Collecting Dust in Desert for 40 Years Just Got Sold
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The price it went for will blow your mind ... but not in the way you might think (via toofab)

"Elvis loved planes and this was one of them," Priscilla said."This is my first auction and I'm excited to be here. Today would be Elvis' 88th birthday."

The jet, however, would be a restoration project for the new owner as its engine and most of the instrumentation was removed long ago. In fact, the 61-year-old ship has been collecting dust and exposed to the elements for nearly four decades out in the desert; parked at the Roswell International Air Center in Roswell, New Mexico.

The winning bid was $260,000 -- a far cry from what the current owner, Jim Gagliardi, paid for the jet at auction only five years prior for $430,000 .

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