Jet owned by Elvis fetches $430,000 at auction after sitting unused for 35 years

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A private jet once owned by Elvis Presley has been auctioned after sitting on a runway in New Mexico for 35 years.
The plane sold for $430,000 on Saturday at a California event featuring celebrity memorabilia, GWS Auctions Inc.
The buyer was not disclosed in the sold note posted on the firm`s website, and auctioneer Brigitte Kruse said she could not immediately release information about the buyer or the buyer`s plans for the plane.
The auction house says Elvis designed the interior that has gold-tone woodwork, red velvet seats and red shag carpet.
But the red 1962 Lockheed Jetstar has no engine and needs a restoration of its cockpit.

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