Item two is a rare Elvis 1972 IC Costume Jacket with gold lame accented pockets, wide lapels and standing collar on stage in Las Vegas mid 1972. At this point, Presley favored two-piece suits worn with matching capes accented in patterned or colour linings and a variety of different colored shirts. It was originally obtained by Dr Bill Chandler when Elvis tossed it into the audience at a show at the Las Vegas Hilton in 1972. The jacket had stayed in the Chandler family as a treasured heirloom until he decided to sell it back in 2015 when it made nearly $60,000 at auction.
(Source: Elvis Information Network)