Judge Halts Sale of Elvis Presley's Graceland Estate

Graceland ownership dispute takes dramatic turn in court.

by Nouman Rasool
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Judge Halts Sale of Elvis Presley's Graceland Estate
© Mike Brown/Getty Images

A Tennessee judge has intervened to block the upcoming auction of Graceland, the iconic residence of the late rock and roll legend Elvis Presley. This is the type of court judgment that arises from an explosive court row pitting Presley's granddaughter, actress Riley Keough, against Naussany Investments—what was claimed to be another case of a rightful owner selling their rights.

Graceland, not just a house but a monument to the musical legacy of Presley's, was planned to go up for sale on Thursday. The controversy arose last year following the death of Lisa Marie Presley, Elvis's daughter and mother to Riley.

Inheritances placed the property and other assets in Riley's care. However, complications arose when Naussany Investments claimed that Lisa Marie had secured a $3.8 million loan using Graceland as collateral—a loan they assert remains unpaid.

Legal Battle Intensifies

The situation escalated when Riley Keough contested the loan's legitimacy, asserting that the loan documents were fraudulent and featured a forged signature of her late mother. This claim led to legal scrutiny, culminating in Shelby County Chancellor JoeDae Jenkins granting a temporary injunction against the auction, a decision confirmed by a court spokeswoman to BBC News.

Reacting to the injunction, representatives from Graceland and Elvis Presley Enterprises expressed their relief and reaffirmed the property’s operational stability. They stated, "As the court has now made clear, there was no validity to the claims.

There will be no foreclosure. Graceland will remain open and active, doing business as usual for the past 42 years, bringing tourists from all over the world to this legendary residence." Graceland was acquired by Elvis in 1957 and remained so for the remainder two decades of his life.

It became a kind of theme park for music history in the early-1980s and nowadays sees some 600,000 guests annually. Besides Presley, buried there were his parents, daughter Lisa Marie, and her son Benjamin Keough. Now at the venerable age of 34, Keough has equally become a star in her own right within the entertainment industry and among her recent appearances was starring in Amazon's "Daisy Jones & The Six," plus movies like "Logan Lucky," "Zola," and "Mad Max: Fury Road." Her lawyers declined to comment further because of the pending litigation.

Elvis Presley
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