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1956 Elvis Presley-Colonel Tom Parker Original Contract Up for Bid in Goldin Auctions

Jimmie Foxx Ball Highlights Incredible Autograph Section in Goldin AuctionsThe 1956 recording contract that tied young musician Elvis Presley exclusively to entertainment executive “Colonel” Tom Parker for his entire career is among the 1000+ lots of sports and entertainment memorabilia currently available at auction in the Goldin Auctions October Legends Auction through Nov. 1 at www.GoldinAuctions.com. Lot #16, can be viewed at http://www.goldinauctions.com/Elvis-Presley-and-Colonel-Tom-Parker-Historically–LOT6765.aspx.

It was March, 1956, and life was moving fast for Elvis Presley. His recording contract with tiny Sun Records had been bought out by giant RCA/Victor, and the youngster from Memphis was poised to take over the world. Presley’s co-manager, Colonel Tom Parker, could see the future and wanted to make sure his knots were tightly tied to the kid’s rising star. Back in 1955, when Presley’s career began to take off, Memphis radio personality Bob Neal became his manager. But the Elvis phenomenon proved too big for Neal so he joined forces with entertainment veteran Colonel Parker to help. Because he was underage, the original contract was signed by Presley along with his mother and father, Parker had a new contract drawn up for the 21-year-old future King, cutting out Neal and naming The Colonel “sole and exclusive Advisor, Personal Representative and Manager in any and all fields of public entertainment”. This very legally binding contract bound both men together for the rest of Elvis’ life as both became household names and cultural icons.

goldin110-21-13The 8 ½ ” x 13″ letter is signed on the bottom by both Elvis Presley and Colonel Tom Parker. Elvis’ signature is in blue ballpoint (9/10) and Parker’s is in blue fountain pen (10/10). The document shows three folds but none affect the signatures. The top left side of the page shows impression of a paper clip. No tears or pieces missing. The document comes with a Full Letter of Authenticity from James Spence Authentication (cert number X26631) and LOA from PSA/DNA (cert number U04311).

The Goldin Auctions October Legends Auction features two other employment contracts of note — Lot #367 – Marvin Miller’s 1966 contract naming him Executive Director of the Major League Baseball Players’ Association (MLBPA) for $50,000; and Lot #976 Wilt Chamberlain’s 1967 contract with the Philadelphia 76ers for $150,000.

Other auction highlights include: a Lou Gehrig ‘small signature’ game used bat from 1936-38 (Lot #1). Graded PSA GU-9, the bat is one of the coveted Hillerich & Bradsby models rarely offered at auction as only seven were ever produced. A bat from the greatest first baseman in baseball history is rare, but a game used glove from the greatest pitcher in baseball history is even rarer. The 1959-60 Sandy Koufax Game Used Glove (Lot #7) is photo matched and comes with has a rock-solid provenance from the man Koufax gave the glove to more than 50 years ago.  A few of the other rare game used items include; (Lot #10) a 1955 Roberto Clemente rookie game used bat graded PSA 9; and (Lot #5) an 1895-00 Princeton Tigers Game Worn football jersey, believed to be the earliest known football jersey in existence.

For collectors who want a piece of their favorite championship team, the auction offers an incredible selection of nearly 30 championships rings including (Lots #22-53): 1975 & 76 Cincinnati Reds; 1996 & 98 NY Yankees; Super Bowl XVIII LA Raiders; Super Bowl XLII NY Giants player ring; 2006 Miami heat NBA Championship ring; 2008 Boston Celtics Championship ring; and a 1978 Reggie Jackson Yankees Word Series ring (a second ring he ordered in 1978 and the one he wore as he kept original in safe) including an LOA from Jackson.

About Goldin Auctions

Sports memorabilia impresario Ken Goldin has sold more than $600 million in memorabilia from many of the biggest names in sports, history and pop culture and was the pioneer of using the medium of television to sell sports memorabilia. Earlier this year, Goldin Auctions sold a Honus Wagner T206 card for a public sale record $2.1 million. Goldin Auctions strives to break new ground and offer collectors the best in collectible treasures up for auction in the marketplace. All game worn or autographed items come with team, player, league or additional LOA from industry leading authenticators; and collectors can bid with confidence that their proxy/ceiling bids remain confidential. For more information, visit www.goldinauctions.com.

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