The Holy Grail of Memphis

In the "A Fool and his Money" department, someone paid $455 for a vial of water purported to contain the backwash of Elvis Presley himself.

Wade Jones of North Carolina says he snared a plastic cup from which Elvis Presley drank at a concert in 1977 and kept the cup and the water for 27 years before selling the remaining few tablespoons of water on eBay.

The winning bid for the water was $455. He says he won't sell the cup.

A 40-year-old resident of Belmont, North Carolina, Jones said he was 13 when he attended a Presley concert at the Charlotte Coliseum in February, 1977, six months before the death of the rock 'n roll icon.

After the concert, Jones went to the stage looking for a souvenir. A policeman gave him the plastic foam cup, from which he had seen Elvis drinking earlier, he said.

Jones said he kept the cup and water in his freezer until 1985, when he transferred the water to a vial and sealed it. Over the years, he said, he acquired a photograph of Elvis holding the cup at that concert as authentication for his claim.

Alert the Knights of Tupelo! Someone has discovered the Holy Grail!