Elvis piano sells for £430,000

A white Knabe grand piano once owned by Elvis Presley has sold for £430,000 (€659,000).

Memphis guitarist-music producer Robert A Johnson and partner Larry Moss sold the piano to Michael Muzio, chairman of Blue Moon Group Inc.

Muzio says he hopes to put the piano on a casino-sponsored promotional tour and then use it for an exhibit at a proposed rock museum in Walt Disney World.

He also acquired Johnson's Memphis Music label and several other pieces of rock memorabilia, including a Presley guitar. Muzio says he paid around £1m (€1.5m) for the properties.

Presley's friend George Klein says the star enjoyed playing the piano at his Graceland mansion.

Graceland memorabilia consultant John Heath says he purchased the piano after he bought Graceland and used it until 1969, when his wife, Priscilla Presley, gave him a new Steinway grand piano.