People gather around a bronze statue of Elvis Presley during a Presley memorial event in Tokyo August 12, 2007. REUTERS/Issei Kato

A large clump of Elvis Presley's hair believed to have been cut from Presley's head when he joined the Army in 1958 has fetched a cool $15,000 at a Chicago auction on Sunday.

Leslie Hindman Auctioneers also auctioned off other more expensive items including a shirt that once belonged to the king which was auctioned for $52,000.

The buyer of the hair paid $15,000 plus an additional $3,300 in auction house fees.

The auctioned items all had belonged to the late Gary Pepper, who ran a fan club and was a friend of Presley.

 Pepper died in 1980, he suffered from cerebral palsy.