Elvis Presley fans visiting the beloved King of Rock ‘n’ Roll’s famed Graceland mansion in Memphis, Tennessee, have been expressing shock over the news that the property may be sold at auction due to a court battle between a loan company and Presley's granddaughter. Fox News Digital spoke to some Elvis fans outside the iconic mansion on Tuesday before a Tennessee judge paused the proposed sale of the property to address claims that documents being held by the loan company are fraudulent.
The iconic mansion, which Presley bought in 1957 and is now a museum, was set to hit the auction block on Thursday after a loan company said Lisa Marie Presley, Elvis’s only child, took out a $3.8 million loan but never paid it back, having put the estate up as collateral in 2018.
Pressley lived in the mansion until his death in 1977 and then Lisa Marie inherited the property. It was opened to the public as a museum in 1982 and features costumes, artifacts and personal mementos from Elvis and his family. The property also displays a Convair 880 Jet called 'Lisa Marie' that Elvis used in his heyday. A resort hotel and a chapel were also added to the property, according to the home's website. Graceland is considered a pilgrimage for die-hard Elvis fans.
Elvis Presley was an international superstar who shot to fame in the 1950s and was known for his charisma, good looks and smash hits such as 'Suspicious Minds,' 'If I can Dream' and 'Jailhouse Rock.' He starred in 33 films and became a cultural icon. He also served in the Army from 1958 to 1960. Kevin Hogan, the president of Rock Island Auction Co.