Jack White Bought Elvis' First Recording for $300,000

Jack White Bought Elvis' First Recording for $300,000
Remember when the acetate copy of Elvis Presley's first-ever single went up for auction back in January? Well, you're never going to guess who bought it: Jack White. He paid $300,000 for it, and plans to reissue it through his Third Man label for Record Store Day on April 18.

He revealed this piece of information in an interview with Billboard. He bid anonymously over the internet, and paid three times the amount that the 1953 single was expected to fetch (which was around $100,000).

Elvis cut the legendary single for around $4 at Memphis Recording Service on July 18, 1953. It includes the songs "My Happiness" and "That's When Your Heartaches Begin." Various accounts have suggested that Elvis recorded it as a gift for his mother, or because he was curious what he sounded like, or perhaps because he wanted to get noticed by Sun Records.

Of course, this Elvis reissue isn't the only record that Third Man will release on Record Store Day. The White Stripes will finally be giving their 2005 album Get Behind Me Satan a vinyl pressing.