Kris Humphries Confirms Plans To Auction Off $2 Million Kim Kardashian Engagement Ring For $500,000
Kris Humphries confirms that he is indeed auctioning off the massive engagement ring he gave to interim wife Kim Kardashian back in 2011.
There was buzz last month that the NBA player was planning on auctioning off the diamond stunner to the highest bidder at Christie’s in New York.
Earlier today, Humphries rep finally confirmed the rumors.
“The ring is indeed Kris’ property that he received through his marriage dissolution,” the rep said in a statement. “He has long-since moved on.”
“Kris is very much looking forward to a successful auction at Christie’s and of course to returning to the court this upcoming NBA season as a Boston Celtic.”
The Lorraine Schwartz custom 16-karat sparkler is valued between $300,000-500,000 even though it was bought for Kim Kardashian for $2 million.
Christie’s still expects this “impressive” diamond and “property of a gentleman” to fetch over $500,000, a portion of which Kris will donate sale to charity.