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Fans of Elvis will be all shook up to hear that the very first contract signed by the rock and roll star is to go under the hammer this week.

The agreement between Presley and his ruthless manager, Colonel Tom Parker, signed at Sun Records' studio in Memphis, Tennessee, came just before
the singer rocketed to international superstardom.
ONE FOR THE MONEY
Elvis' contract with Colonel Tom Parker that set him on his way to stardom to reach $25,000 under the hammer
Presley signed the contract with the entertainment impresario in 1955
It guaranteed Col Parker a huge 25 per cent share of the star's gross income
The document is to go up for auction this weekend at the Hard Rock Café

It was also the beginning of a relationship between the two men that was
to last until Presley's death, and which was heavily criticised when
investigations into the star's estate began.

The sale of the document is being handled by Julien's Auctions of Los
Angeles, California, but the auction itself will be held at the Hard Rock
Café in New York City on Saturday, May 17th.

It's estimated to reach anything up to $25,000.

Presley's career began in 1954 when he joined Sun Records in Memphis,
Tennessee, and recorded 24 songs.

Word started to spread throughout the industry of a talented young singer
and in February 1955, Col Parker, who had already had some success in
talent management since the late-1930s, made his approach.

Presley initially agreed to let 'the Colonel', as he was known, organise
some of his future bookings and promotions and gradually he became
known as his 'special advisor.'

In November that year, Col Parker successfully persuaded RCA Victor to
buy Presley's contract out from Sun Records for $40,000 - an almost
unheard of sum in those days.

Fatefully, it also guaranteed the Colonel a 25 per cent commission on the
young star's gross income.

After Presley signed the official agreement his career went from strength
to strength and it was with RCA Victor he released his most famous tracks,
including...
Heartbreak Hotel
Hound Dog
Love Me Tender
Jailhouse Rock
Blue Suede Shoes
and All Shook Up.

The document has survived the last 59 years in pristine condition - just
slightly yellowing - and features signatures by Elvis and his parents
Vernon and Gladys Presley.

Darren Julien, chief executive of Julien's Auctions, said: 'This is one of the
most significant contracts, the one that Elvis signed with Col. Tom Parker.
'Before that, I believe he was working with his mother.

'This was the start of his life and it was a very important decision in his
career, and it was a very historical moment for his parents, who were there
when he signed the contract.

'It's in very good condition and it's estimated to fetch up to $15,000 but I
think it could get $25,000 because it's so significant'

'Col. Parker was Elvis' manager for the majority of his career and pretty
much all of his big hits were released while they were working together.

'There was a lot of controversy surrounding Col. Parker and the
relationship he had with Elvis. He was very controlling and had a lot of
influence over him.

'He controlled his finances and it was because of him that Elvis never
performed in Europe, as he didn't like Elvis flying.

'Although a lot of people say Col. Parker was controlling of Elvis, he
actually helped make Elvis into the superstar he was.

'This contract has never been offered publicly and it is a really rare item.
'It's in very good condition and it's estimated to fetch up to $15,000 but I
think it could get $25,000 because it's so significant.'
Elvis' mother, Gladys, gives her boy as kiss at the contract signing: The deal was to
forge a link between Presley and Col Parker, far left, that was to endure throughout the
rock and roll icon's life
Fateful day: Bob Neal, Sam Phillips, Coleman Tily, Presley and Col Parker at Sun
Studio on the day of the signing