POP/ROCK - Aug. 26, 1988

Following the lead of practically everything else collectible, the prices for pieces of rock history are going through the roof, too. The Phillips auction house in London said Wednesday that a stage costume worn by Elvis Presley sold at a rock memorabilia auction for $43,700--a new record for once-worn Elvisiana. The buyer of the 1972 Presley suit, known as “Shooting Star”: Warren Stone of the Hard Rock Cafe in Los Angeles. Stone outbid colleague Brian Murphy of the London Hard Rock for a telegram sent by ex-Beatle Ringo Starr to his Dutch fans; the price eventually hit $3,000. There were few bids for handwritten lyrics by Bruce Springsteen and stage clothing worn by Michael Jackson, however.