Better save up for the remaining days if you are a die-hard fan of Elvis Presley and the Beatles. Some of the items of the legendary rock 'n roll icons are set to go under the hammer on November 7 and one of the valuable items are expected to fetch a whopping $700,000.

According to a report by CNBC. Julien's rock 'n roll-themed auction in Beverly Hills, California is having Elvis Presley's famed 24-karat gold-leaf piano up for grabs. The grand piano, initially a gift for Presley's mother in 1955, was originally walnut-finished. After his mom had passed away, Presley's wife, Priscilla, took it from the storage, customized the grand piano and painted it with 24-karat gold leaf as an anniversary gift for her husband in 1968.

While rock icon was alive, Presley used to play the piano inside the music room of his Graceland mansion in Memphis, Tennessee.

According to Reuters, the grandiose piano was put on display for years at Country Music Hall of Fame. Julien's Auctions said that Presley's piano was bought by a man who wishes to be unnamed while it was housed in Graceland years ago.

The piano will be auctioned together with a bench and is expected hit a bid that starts from $500,000 up to $700,000.

The auctioneers also have a treat for the fans of the legendary British group, The Beatles.

In the same auction, the Fab Four's drum head played by Ringo Starr is set for a bid but the peers at Julien's Auctions could not still drop the estimated price since the skin was embellished with a dropped "T" Beatles logo and it was reckoned to be unique.

Reuters also reported that only the skin of the drum will be auctioned.

The drum head was the one used during The Beatles' first visit to the United States when they performed live in "The Ed Sullivan Show" in 1964. The first U.S. gig of the famed British band had raked about 74 million television viewers.

Following The Beatles' maiden performance in New York for the said show, the Fab Four group also used the drum head during concerts in the same year held at Washington D.C. and New York's Carnegie Hall.

The fabled drum skin was said to be passed on to the late Beatles manager, Mal Evans, until it was auctioned to its current owner today.

CNCB also reported that some of the items of Presley was put on auction early this year. Two of Presley's private jets, "Lisa Marie" and "Hound Dog II", which were designed by the rock 'n roll icon himself, was put on auction for $10 million-$15 million. The auction house also auctioned Elvis' and Priscilla's marriage certificate for $41,000.