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Elvis Presley's private plane sells at auction after being abandoned in the desert for four decades

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Elvis Presley's private jet has a new owner after the airplane was parked in the New Mexico desert new Roswell  for some 40 years.

Priscilla Presley, 77, the singer's ex-wife and the mother of his only child, the late Lisa Marie Presley, was there as the aircraft went up for auction at the Mecum Kissimmee Collector Car auction in Florida on January 8, which would have been the King of Rock and Roll's 88th birthday.

The opening bid on the 1962 Lockheed 1329 Jetstar was for a $100K, but the offers slowly went up, until the hammer fell on the winning price of $260K.The new owner made their bids via telephone and has not been identified.The Lockheed was originally purchased in December 1976 for $840K, less than a year before Elvis' death in August 1977.

New owner: Elvis Presley's private jet has a new owner after the airplane was parked in the New Mexico desert new Roswell for some 40 years.

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