A Tennessee court has halted the Thursday sale of Elvis Presley's historic Graceland mansion.
A Tennessee court has halted the Thursday sale of Elvis Presley's historic Graceland mansion. Chancellor JoeDae L. Jenkins said at an injunction hearing at Shelby County Tennessee Chancery Court on Wednesday morning that the proposed auctioning of the property on Thursday will not go ahead after the Rock ‘n’ Roll legend's granddaughter claimed documents pertaining to the case were fraudulent.
company claims that Lisa Marie, Elvis’s only child, took out a $3.8 million loan but never paid it back having put the estate up as collateral via a signed Deed of Trust in 2018.
About 600,000 tourists visit the property each year, according to the property's website. Graceland generates $150 million in overall economic impact to the City of Memphis. Lisa Marie Presley died in January 2023 due to a small bowel obstruction, according to the County of Los Angeles Medical Examiner's office. Keough became heir to the estate and trustee of the Promenade Trust. Elvis and his daughter Lisa Marie Presley are buried on the property.
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