The guitar Elvis Presley used during a television special in 1968 is up for grabs, and it could possibly get big money.

Elvis used the guitar during a TV special on NBC, and it was his first live performance after a 7-year hiatus.

The cherry-red Hagstrom Viking II guitar is being sold by Kruse GWS Auctions.

Experts anticipate that the instrument will get between $750,000 to $1 million.

The auction will also have several other Elvis Presley items for sale during the event.

What is the most money you’ve ever spent on one single item?

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