Elvis owned the planes in the 1970s at the height of his career. For the past 30 years, they’ve been on display at Graceland.
The auction is currently underway through a seal-bid process and will close on Feb. 2, according to Julien’s Auctions, which is running the sale.
Having your own private jet remains the ultimate status symbol for moguls and music stars. Bieber slyly suggested on Instagram that he’d bought a sleek Gulfstream jet as a Christmas present. He posted photos of himself standing inside the luxurious cabin.
Hundreds of news media sites, from ABC News and TMZ to Gawker reported the purchase as fact, But IM discovered through an examination of records at the Federal Aviation Administration, that he did not own a jet.
In fact, gossip site TMZ later reported that Bieber had only rented the jet for a short hop from Canada to New York City. The plane he photographed was a used Gulfstream G450 on sale for $6 million.
Elvis, on the other hand, traveled like the King of Rock. He bought his main plane, the “Lisa Marie,” from Delta Airlines for $250,000. Adjusted for inflation, that’s just over $1 million in today’s dollars.
Then, he spent another $350,000 customizing the interior of the Convair 880 jetliner to include plush sleeping quarters, a penthouse bedroom with a custom-made queen size bed and an executive bathroom with gold faucets and gold washbasin.
He also installed a videotape system linked to four televisions and a stereo system with fifty speakers and a full-size conference room, according to the auction house.
Elvis bought his second plane, a Lockheed JetStar so he would have something to use while the Lisa Marie was being refurbished. He paid almost $900,000 for the plane, or $3.84 million in today’s dollars.
Ex-wife Priscilla Presley and Elvis’s good friend, George Hamilton, were the last people to fly on “The Lisa Marie.” They used the jet to travel to King of Rock & Roll’s funeral.
While neither plane is in flying condition, they still look as new as the day when Elvis used them. Both are still on display, and can be toured, at Graceland until April 15.
Sealed bids can only be accepted by written proxy and mailed to Julien’s Auctions. For an official sealed bid form with instructions, email email@example.com or call 310-836-1818. All sealed bids must be received by Feb. 2, 2015 at 5:00 p.m. PST.
Check out the photos and video below and eat your heart out Justin. For the latest celebrity news, be sure to follow IM on Twitter.