Elvis Presley’s memorabilia expected to fetch millions at auction

If you are one of the ardent Elvis Presley fans, here is a chance to own a piece from the personal collection of the rock ‘n’ roll king. A new collection of Elvis memorabilia, including more than 500 items used by the rock legend, is up for grabs at a midtown auction house in New York. The highlight of the auction is one of Presley's most famous stage outfits, a blue-and-gold jumpsuit and the matching cape which he wore during a performance at New York's Madison Square Garden in 1972. He gave this suit to legendary songwriter Joyce (Dottie) Rambo after the concert and it was found once again by her daughter last year. Pete Siegel, the man behind the online auction expects this jumpsuit to sell for more than $150,000. Another highlight from the auction is Presley’s white Wm. Knabe & Co. grand piano, which is expected to fetch more than $1 million.