The 1993 NBA Championship ring presented to Chicago Bull Horace Grant is up for auction at Heritage Auctions with an estimate of $100,000.
The ring is considered more special than usual as it was the Bull's third successive Championship and Horace played in each game that season, culminating in a win over the Phoenix Suns in which Horace scored a double-double with 11.2 points and 10.3 rebounds.
The yellow gold ring includes a red stone carved in the shape of team logo, and is encrusted in dozens of small diamonds.
The ring is sold with a letter of provenance from Horace Grant and bidding is currently at $35,000.
Horace's rings from the two other Championship wins in 1991 and 1992 are also in the auction.
The 1991 Championship saw Horace score 226 points in seventeen games, and this Championship ring also has a $100,000 estimate, with current bidding at $33,000.
The 1992 Championship ring is also estimated at $100,000 with current bidding at $31,000.
Horace played every game of the 1992 season, a total 103 matches, culminating in the final win over the Portland Trailblazers.
View the full description at Heritage Auctions.
Somewhat suprisingly, in our opinion, Championship rings remain relatively undervalued compared to, say, game worn shirts, for example the $2,73m paid for a shirt worn by Kobe Bryant in his rookie season at the Los Angeles Lakers.
The highest price paid for a ring is for Julius Erving's 1974 Championship Ring, the New York Nets first championship win, that sold for 'just' $460,741 in 2011.
Also worth a mention are four of Kareem Abdul-Jabbar's rings that sold for $245,000 (1980), $343,700 (1985), $398,937 (1987), and $245,000 (1974), to raise money for a children's charity.
Each Championship Ring has an intrinsic jewellery value of between $10,000 and $100,000. The $100,000 being the record figure the Toronto Raptors paid for each of their 2019 Championship Rings.