Elvis Presley's first record "My Happiness" which cost the late King of Rock N Roll $4 has been bought by an anonymous buyer for $300,000. The one of a kind memorabilia was put on the auction block on what would have been the singer's 80th birthday at his former home Graceland.

Elvis Presley's former wife Priscilla Presley and their only daughter Lisa Marie Presley celebrated what would have been the 80th birthday of the late legend on Thursday, January 8. Hundreds of fans joined the celebration at Elvis' famed estate Graceland in Memphis, Tennessee.

A prized possession of one music's biggest petrolheads, Elvis Presley, is set to fetch up to $300,000 at auction next month.Elvis bought the Rolls-Royce Phantom V brand new in 1963 and had it custom-fitted with the latest gadgets including a telephone, electric windows and a microphone.The car was initially midnight blue, but he was forced to have it re-painted a lighter silver because his mother's chickens would repeatedly peck at their reflections when he visited her.