Graceland will not be sold at auction, at least for now.
On Wednesday, a Tennessee judge deferred ruling on an apparent attempt to sell Graceland, Elvis Presley’s former home in Memphis, but kept a temporary injunction in place that would prevent the property from going to auction imminently.
The bizarre case came into wide public view this week when a lawsuit surfaced that had been filed by Mr. Presley’s granddaughter, the actress Riley Keough. In it, Ms. Keough sued to prevent what her lawyers described as a fraudulent effort to auction the home by a company claiming that Lisa Marie Presley — Ms. Keough’s mother and Mr. Presley’s daughter — had borrowed $3.8 million and put Graceland up as collateral before she died in 2023.
At Wednesday’s hearing at Chancery Court in Shelby County, Tenn., the judge, Chancellor JoeDae L. Jenkins, said he needed to continue the case, in part because no one showed up in person to represent the defendants and in part because he said lawyers for Ms. Keough needed to present additional evidence.
The defendants included a company, Naussany Investments & Private Lending LLC, which had scheduled a sale of Graceland for Thursday, according to court papers. The court said it had received a filing on Wednesday morning from a man named Gregory Naussany who had asked the court to continue the case.
It was not clear when the next hearing would take place.
Lawyers for Ms. Keough had argued that the company appeared to be a “false entity.” They also claimed that the company had presented fake documents purporting to show that Ms. Presley had borrowed the money and put Graceland up as collateral.
Several attempts to reach Naussany Investments through the email addresses and phone numbers listed for the company in the court documents have not been successful.
Graceland, a popular tourist attraction, is a major source of income for Elvis Presley Enterprises and the family trust, which Ms. Keough controls.
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