A judge in the state of Tennessee, United States, temporarily suspended the sale of Graceland this Wednesday, the singer’s historic mansion Elvis Presley in the south of the country.
The auction of the property was scheduled for this Thursday, but was put on hold after the granddaughter of Elvis Presley, the “king of rock” Riley Keough filed a court appeal to stop it.
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The company Naussany Investments & Private Lending is seeking to auction the sprawling property, arguing that Keough’s mother, Lisa Marie Presley, had put it up in 2018 as collateral for a $3.8 million loan.
Lisa Marie Presley, only daughter of the legendary singer, died in January 2023.
His daughter Keough, a 34-year-old actress (“Mad Max: Fury Road,” “The Girlfriend Experience”), argued in a lawsuit filed May 15 that the loan documents were false.
Shelby County Judge JoeDae Jenkins ruled to halt the auction until a trial determines the authenticity of the documents.
“The court will prohibit the sale as required,” the judge stated in a live-streamed hearing.
“The property is considered unique under Tennessee law and, being unique, its loss would be considered irreparable damage,” he added.
Graceland is the property where Elvis Presley He was found unconscious in August 1977, before being taken to a hospital where he was pronounced dead from cardiac arrest.
Elvis Presley Enterprises Inc., which manages the family’s assets, welcomed the decision.
“Graceland will continue to operate as it has for the past 42 years, ensuring that Elvis fans around the world can continue to have the best experience when visiting his iconic home,” the group said in a statement.
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