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Washington (1st Sept, 2014): Elvis Presley's last two jets, the "Lisa Marie" and "Hound Dog II" which are parked at the tourist entrance to Presley's Graceland, are up for sale, it has been revealed.
K.G. Coker, the Memphis man who bought them after Presley's 1977 death, said that both the planes were museum pieces, CNN reported.
A spokesman for Elvis Presley Enterprises told the news network that negotiations were still going on, but Coker preferred to remain silent on the process.
According to the sale advertisement, "the King of Rock and Roll" bought the "Lisa Marie" from Delta Airlines for 250,000dollars in April 1975, and he spent another 350,000dollars to upgrade it.
Coker agreement with the late singer's company had expired and therefore, he was looking for a buyer because his agreement with and negotiations to keep them at Graceland had failed.