Elvis Presley Enterprises is suing to recover valuable memorabilia allegedly stolen by individuals who are attempting to sell it online.
Elvis Presley Enterprises claims the memorabilia is valued at over $2 million.Fans were shocked when they heard Graceland would be foreclosed. 'IMPACT x Nightline' looks into the alleged criminal plot in 'Stealing Graceland .' The gatekeepers of Elvis Presley's estate are trying to recover a potential trove of records and memorabilia left behind by the King of Rock and Roll, according to a lawsuit filed in California. The lawsuit, filed just before 6 p.m. on Dec.
24, is a fitting coda to a year that saw Presley's iconic Memphis home nearly auctioned off as part of what federal authorities now call an attempt to defraud both Presley's family and Elvis Presley Enterprises. Now, the operators of Graceland allege 'irreplaceable' items they bought more than three decades ago from Presley's longtime manager, Col. Tom Parker, have fallen into the hands of people who have no right to them and are now trying to sell them in an online auction. 'It is now clear that some of the material that the parties to the Parker Acquisition intended to be transferred to , never was,' the lawsuit claims. Despite 'clear and repeated demands' that the defendants stop hawking what was not theirs to sell, those demands were 'ignored,' according to the filing. At issue is a collection that allegedly includes everything from contracts and agreements signed by Presley, to a telegram from associates congratulating Elvis and his then-wife Priscilla on the birth of their daughter, Lisa Marie. Elvis Presley Enterprises contends the cache of memorabilia is valued at upwards of $2 million, though the 'unique' artifacts are 'priceless.' The items were listed on the website of GWS Auctions, a California company that boasts sales of 'celebrity' items from the likes of Elvis, Marilyn Monroe and Johnny Cash. The Presley items listed in the lawsuit appeared as available online in mid-November under the heading 'The Lost Collection of Elvis, Col. Tom Parker & More'
ELVIS PRESLEY GRACELAND MEMORIES LAW SUIT AUCTION
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