Shanna Moakler is celebrating after auctioning off her engagement ring from ex-husband Travis Barker.
According to People, the ring was sold through the jewelry resale company, Worthy.com, after receiving 17 bids total. The ring was a 4-carat, round-cut solitaire with a diamond-encrusted band. The bidding started at $51,000, with the first bid coming in at $64,000. The winning price? $96,500!
The CEO of the resale site shared, “We don’t know specifically what Shanna is planning to do with the money, but, trust that she will use the proceeds to turn the reminders of the past into new opportunities as many of our sellers do.” Surely.
Shanna, a recent Celebrity Big Brother contestant, was married to Travis from 2004 to 2008, and she shares two children with him. She caught some side-eye from fans and followers when she listed the engagement ring for auction 14 years post-divorce and less than one week after Travis’ official Italian wedding ceremony with Kourtney Kardashian.
“I wish the happy couple a lovely marriage. I will continue to only want the best for my children,” Shanna claimed. She added, “It was a beautiful gesture to include my children in such a gorgeous affair.”
Shanna insisted the timing of the sale was purely coincidental. “I’m sure people would assume that [it’s related to the wedding], but I simply wanted to find a proper seller,” she explained. She added that she was confident the piece would garner “the attention it deserves.”
The bidding for the ring started on Friday, Ma7 27, and was set to end on May 31 pending the amount of interest it received. At the time, Shanna was hopeful to make some good money. She revealed, “I’m hoping it sells for $120K. It was worth about $160K.” I guess it was less of an auction and more of a 50% off sale.
“I think it is a beautiful piece and truly was my dream ring,” she continued, adding, “however, that chapter of my life is over and even though wearing it at one time brought me great joy, I hope it will find a new home and continue to bring someone as much happiness as it once did to me. It’s truly an iconic ring!”
TELL US – DO YOU THINK THE TIMING OF THE RING AUCTION WAS A COINCIDENCE? HOW DO YOU THINK SHANNA WILL USE THIS MONEY?
[Photo Credit: CBS]