Kobe Bryant’s 2000 Ring Sets Record Price for NBA Title Ring (2024)
Kobe Bryant’s 2000 NBA championship ring has now set multiple records.
The ring is now the most expensive NBA title ring sold at auction, going for $927,200 during the March Elite Auction held by Goldin Auctions. Bidding closed on Saturday night. The buyer has not been revealed.
It is also the most expensive ring gifted by a player. The ring was a gift from Kobe to his father Joe Bryant and was a second copy of the ring Kobe received for winning the championship.
Goldin Auction’s consignor was the prior owner of the ring. Joe Bryant sold it to the consignor in 2013, when Kobe was still in the league, for $173,000, which was the record price at the time for a ring gifted by a player to someone else. The bid breaking that record came on March 26 when a $151,000 offer was made, which became $184,220 after Goldin’s 22% buyer premium.
Ken Goldin, CEO and founder of Goldin Auctions, believed this Bryant ring eventually would “smash that record.” He was right.
There were 19 bids made on the final day of the auction, with the winning bid being $760,000, before the buyer premium. The ring has become the most expensive Bryant award that has been publicly sold, Goldin said.
The prior record for the most expensive basketball ring belonged to late Boston Celtics legend Bill Russell, whose championship ring from his first NBA title in 1957 sold for $705,000 in 2021.
The most expensive ring sold for any sport belonged to New York Yankees legend Babe Ruth. His 1927 title ring sold for $2.1 million at an auction held by Lelands in 2017. Actor Charlie Sheen was the previous owner of Ruth’s ring.
Forty-three bids were placed on the Bryant ring, a 14-karat gold item that has 40 diamonds. Other Bryant items in the auction include a game-worn Bryant jersey from the 2009-10 season, which was the second of back-to-back championships for the Lakers.
This ring was from the first of Bryant’s five championships with the Lakers during his 20-year career with the franchise that acquired him via a draft day trade in 1996.
Bryant died along with his 13-year-old daughter Gigi and seven others in a helicopter crash in January 2020.
A 2000 NBA title ring that late Los Angeles Lakers star Kobe Bryant gifted to his father, Joe "Jellybean" Bryant, has sold for $927,000 at an auction. The 43-bid auction was held by Goldin Auctions and is the highest price tag ever paid for an NBA championship ring
championship ring
Championship rings are mostly confined to North American sports. Since only one championship trophy is awarded by the league to the winning team, championship rings are distributed as a memento for the players and team officials to keep for themselves to symbolize their victory.
https://en.wikipedia.org › wiki › Championship_ring
Kobe Bryant's first NBA championship ring sells at auction for nearly $1 million. A buyer has purchased Kobe Bryant's 2000 Lakers championship ring for $927,000. The fee included the buyer's premium, and is the highest price ever paid for an NBA title ring.
Depending on the season, the winning team, and the design, these coveted rings can cost anywhere from $10,000 to $40,000. But that's just the average. Some rings, adorned with the finest materials and intricate designs, can fetch over $100,000.
While no precise figure has been given, what we do know is that the Denver Nuggets' rings are valued somewhere between $50,000 and $150,000. Of course, if you'd like to grab yourself a replica of one, you can always head over to Rings for Champs where you can pick one up for approximately $150.
Goldin Auction's consignor was the prior owner of the ring. Joe Bryant sold it to the consignor in 2013, when Kobe was still in the league, for $173,000, which was the record price at the time for a ring gifted by a player to someone else.
Kobe Bryant's title ring from the 2000 NBA Finals, which he gave to his father, sold for $927,200 at the Goldin auction, breaking the record for sale of an NBA title ring. The previous record was Bill Russell's first title ring from 1957, which sold for $705,000 in 2021.
In the NBA, rings were standardised between 1969 and 1983, before the league allowed teams to begin producing their own designs. The NBA covers the costs of making the rings, a courtesy that isn't afforded in every US league.
In the National Basketball Association (NBA), a championship ring is awarded to members of the team that win the annual NBA Finals. Rings are presented to the team's players, coaches, and members of the executive-front office. The Boston Celtics have the most rings in NBA history, winning the finals 18 times.
The NBA standardized its championship ring from 1969 through 1983; presently the winning team selects its own design and the league covers the cost of the rings.
An NBA team can choose who in their organization is awarded a ring; in addition to the players, coaches, and the front office, rings can and are awarded to trainers, medical staff, scouts, and occasionally cheerleaders, equipment managers, mascots and other arena staff.
They're not free: The cost per Super Bowl ring can run anywhere from $30,000 to $50,000. The New England Patriots' Super Bowl XLIX rings, for instance, cost $36,500 each. A full set of rings for a team can cost upwards of $5 million. Who pays for them: The NFL contributes $5,000 per ring for the first 150 rings.
How much money are NBA rings worth? As mentioned, the value varies from year to year, but despite this there is a minimum and maximum estimate, thanks to the fact that some stars end up selling or auctioning some of the ones they won. The value of an NBA ring is between 50,000 and 150,000 dollars.
Reports indicate that a World Series champion ring is worth around $20,000, taking into account the expenses for the entire package. But the actual cost per ring is lower when ordered in bulk for players, coaches, and staff, typically ranging between $32,000 to $36,000.
Kobe Bryant had a net worth of nearly $600 million at the time of his death in 2020, according to Forbes. This amount was the third most in a distinguished list of athletes; Michael Jordan and Tiger Woods were the first two. Natalia Bryant is the eldest of Vanessa and Kobes four daughters with 21 years old.
Introduction: My name is Pres. Lawanda Wiegand, I am a inquisitive, helpful, glamorous, cheerful, open, clever, innocent person who loves writing and wants to share my knowledge and understanding with you.
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