The Rolls-Royce Phantom V owned by 'the King of Rock and Roll' Elvis Presley will soon be out for auction and is expected to fetch more than 180,000 pounds.

A spokesman for Bonhams, which is handling the auction, said that the white-wheels, which was owned for 5 years by the late star before he donated it, was "highly desirable" by fans as well as classic car buffs, Metro.co.uk reported.

Presley, who was a constant back-seat rider of the car in 1963, had customised the vehicle and had installed a telephone, air-conditioning, and a then state-of-the-art radio, along with electric windows, a decanter and crystal glasses in the back, and a microphone.

Earlier back in 2007, a Cadillac owned by the singer was also auctioned for an equivalent 160,000 pounds.