Elvis piano could fetch $1 mln at auction

Elvis Presley's white grand piano and his 1955 contract with RCA Records are going up for auction in Memphis next month, with the piano expected to fetch more than $1 mln, auctioneers said on Monday. The purchase agreement for the King of Rock 'n' Roll's Graceland mansion, and a letter Presley wrote in 1955 to his then girlfriend shortly after entering the U.S. army, are also among the highlights of the 270-lot Elvis Memorabilia auction on August14.