When we read that Kim Kardashian’s engagement ring sold at auction for just $749,000, we had to chuckle just a bit. At the time Kim Kardashian and Kris Humpries got married, the ring was reportedly estimated at a whopping $2 million. Were the Kardashians wildly overestimating the actual value of the ring? Or did someone get a real steal of a bargain?
Well, according to the famed auction house Christie’s, the Kim Kardashian ring was only estimated to bring in something around $300,000 to $500,000. So obviously the experts in how much things should be worth didn’t believe the engagement ring was worth anything even close to $2 million. A Christie’s spokesperson told USA Today that the 16.21 Lorraine Schwartz diamond ring had a handful of bidders and was “ultimately won by a bidder on the phone.”
Probably the only reason it actually brought in as much as it did was because it is the physical representation of one of the most amusingly dysfunctional ‘celebrity’ weddings in history.
Kim Kardashian and Kris Humphries were engaged in May of 2011 and even from the start of the relationship the tabloids were all over it being just a big publicity stunt. Kim and Kris got married in August, just three months later, and raked in huge loads of cash and gifts for their much-publicized nuptials. By October, however, the marriage was over and Kim had filed for divorce.
Kris and Kim fought like mad dogs for two years over the divorce, which was only finalized in June of 2013. Meanwhile, Kim was getting busy with new boyfriend Kanye West and gave birth to his lovechild, baby North West, just two weeks after the divorce was official.