Divorce settlements can get really nasty, especially when you are dealing with a lot of money, property and possessions.
We have often wondered how many celebrities deal with failed marriages and how it impacts their financial future.
The divorce settlement between one of rock-and-roll's most famous couples will soon be a keepsake for a very special fan.
Dated August 15, 1972, the document that marked the end of Elvis and Priscilla Presley's marriage is being auctioned off, and its contents are truly interesting.
"Each of the 12 pages contains fascinating details and offers the reader a snapshot into the details and offers the reader a snapshot into the details involved between both parties that only legal documents can give," Henry Aldridge, one of the auctioneers said.
The former couple married on May 1, 1967, when Elvis was 31-years-old and Priscilla was 21. They had their daughter Lisa Marie less than a year later, with her birth happening on February 1, 1968.
"The parties were married on May 1, 1967 in Las Vegas, Nevada," the document states. "Unfortunate circumstances and unhappy differences have arisen between the parties by reason of which they have lived separate and apart since February 23, 1972, and by reason of which they intend to dissolve their marriage."
So what did this mean for the new mother?
According to the divorce settlement, the music legend signed over his famous 1971 Mercedes Benz, his 1969 Cadillac Eldorado, a 1971 Harley Davidson motorcycle and $100,000. The lump sum was to be paid in $50,000 increments- once within five days of the agreement, the other before August 20, 1973.
Priscilla also received half the income from their three homes located in Beverly Hills, Los Angeles and Palm Springs, California.
What makes this keepsake so important for a collector is that the divorce settlement was signed by both Elvis and Priscilla.
"These are exceptional examples of Elvis' signature, being both bold and large. It is extremely rare to have Elvis sign in his full name, Elvis Aaron Presley, and also Aaron with two AAs, as it was written on his tombstone," Aldridge said.
The last time these documents were up for sale in 2011, they sold for just under $8,000. Now they are at an estimated value of between $26,000 and $32,000.
Do you think Elvis handed over too much in the divorce? Share with us your thoughts in the comments.
Source: People / Evening Standard