Kris Humphries has officially auctioned off the $2 million wedding ring he gave Kim Kardashian fornearly $750,000.
In September it was announced that Humphries was unloading the ring in an auction with Christie's. Originally he had paid $2 million for the ring, but pre-auction speculation was that he would net a quarter of the price at $300,000 to $500,000, but Hump looks to have made out better than expected. The 16.21 carat Lorraine Schwartz engagement ring pulled in $750,000.
The bidding started to heat up between a person who was present, and someone bidding over the phone, and it was the person on the phone line who ended up winning out. I’d probably not show my face either if I paid three-quarter million dollars for a used Kardashian ring.
The humongous diamond ring was the last lot in the "Magnificent Jewels" auction at Christie's this morning. It fetched $749,000, far more than the auction house's pre-sale estimate of $300,000 to $500,000. (At the time of the Kardashian-Humphries engagement, the ring was estimated at $2 million.)