Elvis Presley-Owned Guitar Sells for Record $1.32 Million at Auction

One lucky, and very rich, Elvis Presley fan has the memorabilia world all shook up — after snapping up one of The King’s rare guitars for a record-setting 7-FIGURE price!!!

That’s right … Elvis’ 1942 Martin D-18 guitar — which he owned from 1954 to 1956 — sold at auction for a whopping $1,320,000. It’s a WORLD RECORD for the most expensive Elvis Presley memorabilia ever sold … via the folks over at Gotta Have Rock and Roll.

As we first reported … the guitar’s got tons of history. Elvis bought it at O.K. Houck’s Piano Store in Memphis, trading in his Martin 000-18 model. He then went on to decorate the body of the guitar with adhesive metal letters spelling out “ELVIS.” Today, the guitar’s missing the “S.”

While he owned the guitar, Elvis recorded a slew of his early classics, including “That’s Alright (Mama),” “Blue Moon of Kentucky” and “Good Rockin’ Tonight.” The new owner is remaining anonymous … for now.

Some other cool items that sold at the auction include Michael Jordan‘s game-worn modified Jordan 1 sneakers from the 1985-86 season. The pair sold for $474,696, also a record.

Eddie Van Halen‘s 2000 custom racing Ferrari sold for $156,250 and The Beatles’ 1966 Toronto Maple Leaf Gardens concert poster sold for $68,750. That’s also a world record … for non-U.S. concert posters.