A white Knabe grand piano that Elvis Presley once owned sold for $685,000 this week.
Robert A. Johnson, a Memphis guitarist-music producer, and partner Larry Moss sold the piano Monday to Michael Muzio, head of Blue Moon Group Inc.
Muzio said he hopes to put the piano on a casino-sponsored promotional tour, then use it for an exhibit at a proposed rock museum in Walt Disney World.
He also acquired Johnson's Memphis Music label and several other pieces of rock memorabilia, including a Presley guitar. Muzio said he paid $1.3 million for the properties.
Presley friend George Klein said the star enjoyed playing the piano at his Graceland mansion.
John Heath, a Graceland memorabilia consultant, said Presley purchased the piano after he bought Graceland and used it until 1969, when his wife, Priscilla, gave him a new Steinway grand piano.