Presley’s Capricorn Ring Misses Mark at High-Profile Auction

Elvis Presley's Ring, Capricorn horoscope sign. Presley's Capricorn Ring Misses Mark at High-Profile Auction. US

Elvis Presley’s 14k gold diamond ring, a personal item symbolizing his Capricorn zodiac sign, failed to meet its reserve price at the Kruse GWS Auctions on August 31, 2024. Despite its historical and sentimental value, the ring didn’t attract a suitable bid and will likely be offered again in future sales or private deals. Photo from Kruse GWS Auctions’ website.

Posted on September 9, 2024

The Artifacts of Hollywood and Music auction hosted by Kruse GWS Auctions took place on August 31, 2024. It featured almost four hundred memorabilia items from numerous high-profile celebrities across music and film history, including the Jackson family, the Beach Boys, Marilyn Monroe, Taylor Swift, and Elvis Presley.

The fact that some celebrities, whose artifacts were auctioned, passed away at a young age only enhances the significance of their items. People interested don’t primarily consider these personally owned lots as investments but rather as cherished keepsakes to connect to someone they admire.

Brigitte Kruse, founder of Kruse GWS Auctions, explained that the items had been subjected to an exceptionally rigorous process to verify their authenticity and origin. In fact, many of the submitted items haven’t been accepted as they failed to meet strict standards during the examination. The organizers can definitely be proud of the finest collection they managed to present.

One of the most prominent lots that… didn’t find its owner is a 14k gold diamond ring, which belonged to Elvis Presley and was deeply personal. The singer was into astrology and numerology, making this piece some kind of a talisman as it represents his astrological sign – Capricorn. The ring includes 1.30 carats of diamonds and 0.1 carat of red spinel accents, enhancing its glamorous appeal. The accessory was estimated to sell for between $35,000 and $65,000 before the auction.

Shaun Nielsen, who was both a friend and backup singer of Elvis Presley, was the vocalist on Presley’s 1967 gospel album How Great Thou Art and performed during the rock legend’s final show. Once, Nielsen commented that he liked the ring and received it as a gift from the legend.

Despite its high profile, the ring did not meet the reserve price or attract a suitable bid. Typically, such items are retained by the auction house for future sales, offered through a private sale, or re-evaluated for another auction.