Graceland Set to Go on Auction Block; Elvis' Heir Isn't Having It

Instead of going to Graceland, you could have been buying Graceland on Thursday, if a private investment firm had its way. As the Guardian reports, Naussany Investments & Private Lending had sought a public auction of the iconic and much-visited home of Elvis Presley, but the King's granddaughter and heir, Riley Keough, just stepped in to halt the sale at least temporarily. The details, also via the AP:

• From the complainant: Naussany claims that Elvis' daughter, Lisa Marie Presley, took out a loan that had $3.8 million outstanding at the time of her death in January 2023 and has since not been repaid. Naussany claims that Lisa Marie Presley used Graceland as collateral.

• From Keough: Her May 15 legal action seeking to halt the "non-judicial sale of Graceland" says the claims are "fraudulent. Lisa Marie Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments." Keough calls documents Naussany provided "forgeries" and names Kurt Naussany personally as a defendant.
• About Keough: The 34-year-old actor inherited the trust and ownership of Graceland upon her mother's death.
• The status: A Memphis judge issued a temporary restraining order on the sale Monday. A hearing in Shelby County Chancery Court is scheduled for Wednesday.

(More Graceland stories.)