Just a little over 40 years old, Elvis Presley passed away on August 16, 1977, at his Graceland estate in Memphis, Tennessee. Leaving behind him a legacy that has carried on for longer than he was alive, the King of Rock and Roll continues to receive awards for being one of the most recognized icons of the 20th century. And with the recent success of the film following his life as a worldwide celebrity, it appears an auction is scheduled to take place on August 27th, featuring an assortment of the singer’s belongings owned by his manager Colonel Tom Parker.