Published Monday, 23 June 2014
The King's white costume, which is decorated with a large green and blue peacock across the front, is part of a music memorabilia sale titled A Rock & Roll History: Presley to Punk hosted by Sotheby's New York.
On the auction house's website, the jumpsuit is described as having "minor staining and browning; non-working zipper" and is expected to fetch at least $200,000 (£117,560).
Presley's red button-down shirt worn during the 1964 film Kissin' Cousins and a white wool jacket worn in concert in the early 1950s will also go under the hammer on Tuesday.
In addition to Presley's former possessions, the sale also includes a red military-style jacket worn by Michael Jackson, Bob Dylan's handwritten lyrics to Like a Rolling Stone, Kurt Cobain's smashed Univox guitar and John Lennon's upright piano.