BUSINESS
04/22/2008 05:12 am ET | Updated May 25, 2011

Report: Elvis Presley's 24-Carat Piano On Auction Block

The website Born Rich reports that Elvis Presley's 24-carat gold piano will soon be auctioned off for the first time. They write:

The buzz around this unique offering has set the international memorabilia world into a tailspin, as collectors are lining up to make their competitive bids. This one-of-a-kind piano is covered in 24-carat gold leaf both inside and out. No other details can be had regarding this upcoming auction but, we will keep you posted.

Although no one else has reported on the auction, if true, the sale won't be the first Presley piano to be put on the market. In 2007, a white baby grand once owned by the King of Rock 'N Roll was auctioned off on eBay. As the blog Luxist reported last August:

The piano's original home was in the Ellis Auditorium & Performance Hall in Memphis where such notables as WC Handy, Duke Ellington, Count Basie and Cab Calloway played it. Elvis bought it in 1957 and had it refinished to his taste - white with gold trim. It was placed in the music room at Graceland, where it remained until Priscilla Presley presented Elvis with another piano as an anniversary gift in 1969. The piano was stored until 1976, when Vernon Presley sold it to Ted Sturges, owner of Sturges Recording Studio. There, it was used during the recording of over 50 albums by various artists including Jerry Lee Lewis.