August 31, 2015
I can’t say this championship ring has the most outlandish asking price ever; there have been some crazy ones in the past, but this one’s up there:
I came across this championship ring offering on eBay a few days ago and had to write about it:
The seller is claiming that this special ring was made for legendary Hall of Famer George Mikan.
The seller also is claiming that this is an “elusive and coveted ring”..
I have met many championship ring collectors and none have ever said to me, ” “Gee, if only I could get my hands on that George Mikan” career ring….”
The eBay seller, La Jolla Jewelry, is asking $209,000.99, and upon further examination of the insane asking price is a clue that the seller has no grasp of the championship ring market place: He doesn’t even have a “or best offer” selection.
So, it’s either pay $209,000.99 or nothing for us championship ring collectors.
Based upon my experience with championship rings, and I can be completely wrong, this championship ring, would bring around $20,000 at auction (there are always surprises, so my estimate is just that – an estimate).
That’s basically a final price of about 10% of the asking price!
You don’t have to rush to eBay to see this championship ring – it will probably be listed there for a long, long time.
Here’s the complete description of the item….
2001 NBA WORLD CHAMPIONS Lakers MPLS Diamond Ring David Stern to George Mikan
Available here is the elusive and coveted ring presented to George Mikan personally by then NBA Commissioner David Stern, April 12, 2001, after the famed statue dedication ceremony that took place April 8, 2001. The ring, designed by Howard Kapland (Henry Kay Jewelers), the same designer as the 2002 NBA Lakers World Championship Three-Peat Ring, considered by many to be one of the most well designed Championship Rings. Includes George Mikan’s name and World Champions, surrounding George Mikan’s “99″ jersey number set in solid gold and encrusted with Genuine Diamonds. The side of the ring features the NBA logo and the years ’49 ’50 ’52, while the other side features MPLS Lakers and the years ’53 ’54, signifying each of the Championships of the Minneapolis Lakers, with George Mikan at the helm. Included is a hand-written letter by David Stern, mentioning how much George Mikan means to the NBA and to basketball as a whole, a “great deal”. Additionally, the original invite to the Center Court Statue Dedication Ceremony and George Mikan’s game ticket is included as well. This ring was only created for George Mikan, no other player was given this ring, making this ring 1/1.
This item was owned by George Mikan and has never before been offered to the public. It was one of the last pieces from his personal collection that comes to us directly from the Patricia L. Mikan Estate.
Please remember, I buy championship rings (just not insanely overpriced ones), so please get in touch with me if you wish to sell your ring!