Elvis home vanishes from magician's grasp

June 5, 2006 at 9:50 PM
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MEMPHIS, June 5 (UPI) -- An eBay auction for a former Memphis home of Elvis Presley was won last month by magician Uri Gellar, yet his ownership promptly vanished.

The Independent reports that after his bid of nearly $898,000 won on eBay, he was shocked to discover the owners had sold the home to someone else.

According to eBay's regulations, a final bid on a real estate auction does not constitute a legally binding contract. Rather, eBay real estate auctions act as marketing tools to increase publicity for the property.

"We're absolutely, mind-blown angry", Gellar told The Independent, "Of course we are going to sue."

Yet in a nearly magical twist, a bankruptcy court may reopen the case on who owns the home. If it does, it could give Gellar another attempt at winning a bidding war for the home, the newspaper said.

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