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Elvis jet nets $430,000

This undated file photo provided by GWS Auctions, Inc. shows a private jet once owned by Elvis Presley, on a runway in New Mexico. (GWS Auctions, Inc. via AP, File)

This undated file photo provided by GWS Auctions, Inc. shows a private jet once owned by Elvis Presley, on a runway in New Mexico. (GWS Auctions, Inc. via AP, File)

ALBUQUERQUE, New Mexico – 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. said.

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.

The jet was owned by Elvis and his father, Vernon Presley, Liveauctioneers.com says.

It has been privately owned for 35 years and sitting on a tarmac in Roswell, New Mexico. (AP)

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