  
From the Butterfield auction catalogue:
Black nubby wool blend blazer with three-button front closure, two front patch pockets, and breast pocket. Inside label reads: Sahara for Men, Las Vegas, Nevada. Featuring Custom Originals by Vackman. Inside pocket label reads: Custom Original by Vackman Los Angeles, Mr. Elvis Presley '54 size 40.
Elvis first purchased the coat in Las Vegasin the mid-Fifties. In 1960, he wore it a news conference held in his father's office directly after being discharged from thearmy.
A film of this conference plays continuously at Graceland in Vernon's office.
Estimated value $5,000-7,000. It sold for $4,000.
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