The King of Rock and Roll's white costume, which is decorated with a large green and blue peacock across the front, has sweat patches, reported Rolling Stones.
The sweaty suit is part of a music memorabilia sale titled A Rock & Roll History: Presley to Punk hosted by Sotheby's New York.
The auction will also include a red military-style jacket worn by Michael Jackson, Jimi Hendrix's guitar strap that he wore at the 1969 Newport Pop Festival, John Lennon's upright piano, Kurt Cobain's smashed Univox guitar and Bob Dylan's handwritten lyrics to 'Like a Rolling Stone' among many other items.
The red button-down shirt that he wore during the 1964 MGM film Kissin' Cousins has an estimated price of USD 10,000 - USD 15,000, while a white wool jacket worn in concert in the early 1950s, also in excellent condition, is estimated at USD 7,000-USD 9,000.