Kobe Bryant’s Dad auctions off gifted 1999/2000 Lakers Championship ring; doesn’t get desired amount

Lakers Star Kobe Bryant gifted a championship ring to his father (Joe Bryant) that Joe auctioned for $132,000.   

The Bryant family (especially his father and mother) has always been in news for auctioning off precious gifts that Late Kobe Bryant has gifted to them. Recently Kobe’s mother auctioned a similar ring in May which was sold for $206,000.

The Kobe Bryant championship ring didn’t get the expected amount

Joe Byrant decided to cash in the 14 Carat gold and diamond ring by auctioning it through Goldin Auctions.

The ring is not the original one as the five-time champion Kobe made a replica for the 1999-2000 NBA championship and gifted it to his father, Joe Bryant.

(Kobe Bryant’s championship ring gifted to dad falls short of $250,000 expectation)
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The ring was expected to get an amount near to $250,000 but that didn’t happen. According to Tyler Conway of B/R, the ring was auctioned for $132,000, which is almost half of the anticipated amount.

Was this the correct time to auction Kobe’s Gift

We tend to keep gifts and memories that we had with our loved ones and if someone is no more then the value for the gifts is just priceless. But the Bryant family clearly does not believe in this as both Kobe’s mother and father have cashed in on his precious gifts.

The decision of auctioning the ring was on them only but the fans around the globe are skeptical about the timing of the auction.

The fans think that the Bryant family has used the Tragic death of Kobe for their own benefit as Kobe related items are grabbing higher value than their previous price.

In 2013, 18-time NBA All-star Kobe filed a case against his parents for selling off his memorabilia. Joe and Pamela (Kobe’s Mother) have repeatedly sold his priceless memorabilia.

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The auction leaves a bad taste in the mouth for a lot of Kobe Bryant fans, especially at a time when people all around the globe are still trying to come to terms with his untimely demise.