Elvis Presley's 10ct. diamond ring sold for $107,500 at Affiliated Auctions' sale, yesterday (December 6).
The ring was consigned by audience member Lloyd Perry, who was sat on the front row at Elvis's Ashville, North Carolina gig on July 24, 1975.
Four songs into his one-and-a-half-hour long set, Elvis threw his Gibson guitar into the crowd, which Perry and the audience member next to him caught at the same time.
After strumming it for a while, Perry allowed the other man to have the guitar.
A few songs later, possibly feeling Perry should receive a memento for allowing the other person to have the guitar, Elvis beckoned him on to the stage.
Then, for Perry, something momentous happened: Elvis shook his hand, before removing a diamond ring from his own finger and gifting it directly to his stunned fan.
Yesterday, the same ring auctioned in Tallahassee, Florida. It was consigned by Mr Perry and sold with three copies of the Asheville Citizen-Times and Bristol Herald Courier, which each featured stories about the gift.
The 10ct. diamond ring consists of 14 found cut .44ct diamonds set in 14k yellow gold and weighing 27.2 grams, size 11, according to Affiliated Auctions.
In other Elvis news, a jacket worn by him in the 1968 MGM car racing film Speedway sold for $20,480 at Julien's Auctions in New York, earlier this month.
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