Elvis Presley's First Record 'My Happiness' Sell for $300,000

The rare item was being auctioned on what would have been the late King of Rock N Roll's 80th birthday at his former home Graceland.

AceShowbiz - %cElvis Presley%'s first record "My Happiness" which cost the late King of Rock N Roll $4 has been bought by an anonymous buyer for $300,000. The one of a kind memorabilia was put on the auction block on what would have been the singer's 80th birthday at his former home Graceland.

The 78 RPM acetate was recorded by the legendary singer at Sun Records in Memphis in 1953 when he was 18 years old. It was reportedly meant as gift for his mother Gladys. He left it at a friend's house when he stopped by to listen to the track because his family did not have a record player.

It had since been kept in a safe by the friend Ed Leek and was later inherited by his niece Lorisa Hilburn after his death. "There was adrenaline beforehand ... but when it was over, I was numb,'' Lorisa said. "It was surreal." The starting bid for the rare item was set at $50,000 on January 8.

At a separate auction, Elvis's two private planes are on sale. One is a refurbished Convair 880 jet named after named after his only daughter %cLisa Marie Presley%, and the other is a Lockheed JetStar named The Hound Dog II, a less opulent plane purchased by the singer to take him on his trips while the Lisa Marie was being revamped.

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