Psychic Uri Geller and two partners have bought the Tennessee house that Elvis Presley lived in before moving to Graceland. The winning bid was $905,100 on EBay, he said Monday.
"We are unbelievably pleased. This is a piece of history," Geller said by phone from England.
"We intend to restore it to its old glory. We would like to bring sick children there [for tours], Palestinian children, Israeli children, American children," the Israeli-born Geller said. "Hopefully one day we might get approval to turn it into a museum."
Presley bought the four-bedroom, two-bathroom house at 1034 Audubon Drive in Memphis in 1956 with a down payment of $500. He lived there for 13 months before moving to Graceland, the now-famous Memphis estate where he died in 1977.
Geller had originally bid $300,000 last month, but a bidding war ensued and the price ballooned, he said. During the process, he was approached by dozens of people wanting to go in with him, he said. He chose New York lawyer Jim Gleason and Lisbeth Silvandersson, a Swedish-born jewelry maker who lives in England, as equal partners.