Elvis Presley’s Stutz rakes in $297,000 in Las Vegas
Last weekend in Vegas, some lucky hound dog strapped on their blue suede shoes, decided it’s now or never, and had a hunka hunka burning love ($297,000 worth) for the King of Rock and Roll’s 1971 Stutz Blackhawk. Suspicious minds might be all shook up at such a price, but as Hagerty’s Power List has shown, ex-Elvis cars have collector cachet like few other celebrity-owned automobiles.
The average Presley premium found by Hagerty is 229 percent, but the $297K price for this one is less than 100 percent over its condition (#3+) value in the Hagerty Price Guide. Even so, it’s a record price for a 1971–87 Stutz Blackhawk.
Elvis owned a lot of cars and bought a lot more as gifts for friends, colleagues, and costars. Cadillac is probably the brand most associated with the King, but he had a close connection with Stutz as well. Three decades after the original Stutz Motor Company went bust, in 1968, a New York banker revived it and coaxed legendary ex-Chrysler designer Virgil Exner out of semi-retirement to do the styling. This reborn Stutz Blackhawk utilized mostly Pontiac running gear, although later ones used different GM platforms.
Assembly was done by Italian hands at Carrozzeria Padane, who also assembled Maseratis, and the cars were lavishly equipped before being shipped back to the United States. It’s no wonder that the Stutz was the world’s most expensive car when it came out. Of the 500–600 vehicles built, Elvis bought the very first (not this car) in 1971, vying with Frank Sinatra for the privilege but eventually winning out.
Apparently Elvis liked the Stutz, because he eventually bought five in total. Following an unknown period of ownership, he gave this ’71 to his doctor Elias Ghanem. It was a token of gratitude after the King got through a bout with pneumonia. It was detailed by George Barris, and a plaque on the dash reads “Elias Ghanem | A True Friend | Elvis Presley.”
According to an article in People magazine, Presley also bought the doctor a Mercedes, two watches, a diamond ring, and a gold medallion. A true friend, indeed!
Ghanem might not be world famous, but the Vegas physician made a name for himself as something of a doctor to the stars in the 1970s, treating “Vegas throat” (throat irritation from Nevada’s desert climate) for Tom Jones, Liberace, and Johnny Cash as well as Elvis.
One might think that Elvis, who died at 42 years old after years of prescription drug use, probably needed a better doctor. But Ghanem was just one of several physicians seen by Presley, and the one who prescribed most of the drugs to him was a different doc named George C. Nichopoulos. He was even indicted in 1980 on counts of overprescribing stimulants, depressants, and painkillers to Elvis, as well as Jerry Lee Lewis, but was acquitted. Ghanem, meanwhile, purportedly tried his best to curb Presley’s pill-popping.
All to say, our Stutz is not tainted by a connection to Elvis’s undoing (although we’d be kidding ourselves if we said no one would be interested in such macabre provenance).
There are period photos showing the doctor with a white Stutz, so the car has at least been repainted, but otherwise it presented as mostly unrestored but well cared-for on the auction floor at Mecum Vegas. It’s also a 1971 model, which is more special and a lot more valuable than later Blackhawks for several reasons.
First, they’re rare, with barely two dozen built. And given their high cost plus the exclusivity of low numbers, the list of ’71 owners is a who’s who of American entertainers, including Dean Martin, Sammy Davis, Jr., and Lucille Ball. The ’71 cars were also built to more exacting standards and better-equipped. Faced with the mounting costs of buying a new Pontiac, tossing half of it in the garbage bin, and buying it a round trip to Italy for new clothes, Stutz cut some costs. It gave later cars more Pontiac bits as well as less attention to detail.
Elvis and Elias’s Stutz was last seen at auction in 2015 and had estimates as high as $400K, but it didn’t meet reserve. This result in 2022, though, is probably as much as the seller could have hoped for, particularly since it crossed the block in Las Vegas—a place still visibly obsessed with Elvis.
It’s been a big few months for auction cars with famous owners. Freddie Mercury’s Rolls-Royce for $322,861, Mickey Gilley’s 1977 Lincoln for $26,400, Led Zeppelin manager Peter Grant’s Porsche 930 for $172,959, Princess Diana’s Ford Escort RS Turbo for $853,316, Queen Elizabeth’s Vanden Plas limo for $110,000, Sean Connery’s Aston Martin DB5 for $2.4M, and Mike Tyson’s Ferrari F50 for $4.2M. That’s just since August.
We’ve covered how difficult it can be to put a price on fame, and although Elvis was both a household name and a known car fan, he also gave away automobiles to people like they were Tic Tacs. Cars sometimes pop up for sale advertised as “bought new by Elvis,” with no proof that he ever even sat in the thing. This car, though, has a deeper Elvis connection than most and comes from a brand he was closely associated with, so the hefty price makes sense.
If cars are always on your mind but you’re looking for a little less conversation about Elvis (and fewer puns), check out some of the other interesting and significant sales from Mecum Las Vegas 2022 below.
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That’s a hunka wacky sheet metal. Elvis was always known for his refined taste. I assume it comes with his “Greatest Hits” 8-track?
Most of these were built of Grand Prix Pontiacs and often you can see bits of the Pontiac sticking out.
First of all, I have owned one, secondly I drove them in Las Vegas this year, so I know from which I speak. These were 12 gauge steel bodies designed by Gia, certainly not Pontiac, the dash was teak and the interior was connerly leather with llama carpeting and a mink lined trunk, again not Pontiac. There was a choice of power plants offered all from GM. The dash was 24 Karat gold-plated and of course not Pontiac.
Some of them had Vega tailights
Very true. My first thought as well.
Very true. That’s the first thing I thought as well.
I can help falling in love with (this piece of) poo!
As a long time Elvis fan, since the tender age of 4, some 56yrs ago now, I must say that I’ve long grown weary of the “Elvis was a pill-poppin” drug addict nonsense. At the time of EP’s death, the toxicology report showed “TRACE AMOUNT’S” of 7 prescription drugs in his system, however, due to the very low trace amount’s, all 7 together were no where near enough to kill Mr. Presley! The FACT is Elvis had several very serious health issue’s, including a grossly enlarged heart, blocked arteries + several more partially blocked arteries ect… THAT IS what killed The King of Rock & Roll, PERIOD! I apologize for my text tone, but the report’s of Elvis’ drug abuse have been greatly exaggerated & I am greatly disappointed to find those false allegations being spread here in the hagerty forum.
Good luck with that… You don’t see these knuckle-draggers doing anything but running this car down either. The first versions were well-made and at least offer a snapshot in history; a modern take on coachbuilding and 20s/30s coupes. But they’re all tripping over each other to re-invent the funniest troupe and show-off their refined intellect. P.S. I’m not what one might call Elvis fan, but he was an obvious talent, enjoyable performer and by all accounts I’ve heard; a generous and decent person.
….you’d have to move the decimal point to the left a couple of clicks before I’d be interested…