Core Media Group’s Elvis Presley assets and its Muhammad Ali trademarks are expected to be sold within the next seven days, sources told The Post.
Final bids were due yesterday. The collection is expected to fetch upward of $100 million, sources close to the auction say.
Martin Bandier’s music publishing company Sony/ATV and David Schulhof’s G2 Investment Group are bidding jointly. Another bidder is believed to be fashion house Iconix Group, which markets Madonna’s Material Girl line. Iconix couldn’t immediately be reached, while reps for Sony-ATV and G2 declined comment.
Collection assets include a half interest in Elvis’ music publishing catalog, with net revenue of $6 million, according to those involved.