Medallion worn by Elvis Presley expected to fetch $1.4million

If you claim to be a die-hard Elvis Presley fan and love to collect memorabilia related to this famous star, you had better pay attention to this. The Fame Bureau is holding an exceptional sale of music memorabilia, We Will WOCU, on May 27 in London. And the item to send bidders into a tizzy is an enormous medallion once given to Elvis Presley. It was gifted to The King of Rock ‘n’ Roll by Barron Hilton, co-chairman of The Hilton Hotel group and grandfather of Paris Hilton, on the closing night of his 1975 tour. Elvis wore the medallion with his “Rainfall Jumpsuit” during the gig, which took place at the Hilton hotel in Las Vegas. The medallion is made of solid gold, surrounding a scarce 1924 St Gaudens $20 gold coin (the St. Gaudens double eagle coin is among the most collectible in the world). Furthermore, the medallion is studded with 40 round cut diamonds, each measuring 1.6mm in diameter with color H, clarity VS2 as well as an additional 12 round cut brilliant diamonds measuring 3.45mm color H clarity VS2. The diamonds weigh a cool 2.60 ct in totality, while the gold weighs 870 grams. The medallion hangs on a 30 inches-long 18kt fox-tail design chain. The exquisite medallion is expected to fetch between £725,000-£1m ($1million- $1.4million), with bids set to open at £360,000 ($515,000).

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The medallion will come accompanied with jewelers’ appraisals and a history of its origins and owners from Elvis Presley to the present day. Courtesy of adding the rare coin, this medallion will attract music buffs and Elvis fans, and numismatists. Besides the medallion, other Elvis memorabilia featured in the auction include Elvis’s 1957 Black and Pink Cadillac and a stunning Peace Campaign Banner entitled WWIII by John Lennon. Music buffs can also bid for items belonging to various other music legends like The Beatles and John Lennon, Elton John, and Led Zeppelin.
[Fraser Collectibles]

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