This lot is closed for bidding. Bidding ended on 8/4/2012
These are the two original contracts used in the purchase of Graceland, one is signed by both his parents Vernon and Gladys, and the second one is signed just by Vernon. The two original contracts were created to acknowlege the use of two brokers, each is named on the separate contracts. Each page measures 36cm x 21cm. The agreements show that Elvis (Gladys and Vernon) put down a $1000.00 deposit on the purchase of Graceland, and that the purchase price was a total of $102,500.00. This was ultimately made up of a $10,000.00 cash payment, the trade of the Presley’s Audubon Drive home for $55,000.00, and a mortgage over Graceland. On Saturday, March 17, 1957, Vernon and Gladys Presley called local Memphis real estate agent, Virginia Grant, and asked her what properties she had that they could look at to purchase on behalf of their son, Elvis Presley. Grant wasted no time, and showed them two properties that day, leaving Graceland to last. By 6pm, she had drawn up a provisional sales agreement for Vernon and Gladys to sign and the deal was put in place for what has become as much a part of Elvis as anything else you will see or hear today! Very good condition. Comes with a Gotta Have Rock & Roll™ Certificate of Authenticity.