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.”