Randy Brown’s championship rings auctioned for $53,833Continue reading.
Former Bulls guard Randy Brown to auction his three championship rings
Just because you didn’t play for the Bulls during their second three-peat run from 1996-98 doesn’t mean you can’t own a championship ring from each of those seasons.
All you’ll need is a minimum of $19,000.
A judge has ordered the auction of ousted Sacramento Kings assistant coach Randy Brown‘s three championship rings that he won as a guard with the 1996, 1997 and 1998 Chicago Bulls.
Brown, a product of Collins High School here in Chicago, filed for bankruptcy in August 2008.
Web-only public bidding for the rings through West Auctions will begin May 19 and last for
two days. The bidding starts at $19,000 for the set of three rings.
Daniel West, a partner in the Woodland Calif.-based auction house, took the rings to a California jewelry appraiser who told him the
value of the set was more than $40,000. The 12.5-sized ring from the
1998 championship alone was valued at more than $20,000.
“From a collector’s standpoint, [the final bid] could easily triple that — I hope,” said West.
Between them, the rings contain nearly 200 individual diamonds. But it’s the sentimental value surrounding Brown’s rings that has piqued more interest than the commercial auctions West’s company usually handles.
“The Bulls are such a strong team and they’re doing so well this year, so that’s part of the interest,” said West. “I think the other part is that these rings are from such a special time for the Bulls — back when it was their second three-peat.”
He noted that the fact the rings are being sold as a set also makes this auction attractive to buyers.
“If you go looking, you can find championship rings available, but you’ll only find one here or there,” he said. “It’s a rare thing to see all three from such a pivotal moment from a team like the Bulls.”
Bulls fans may not be the only ones interested in Brown’s pieces of history. West said his Web site numbers show that he’s getting almost equal visits from Chicago and Northern California, where Brown played and coached for the Sacramento Kings.
In Brown’s bankruptcy filing, the rings are listed at a total value of
Also as part of the bankruptcy filing, Brown is surrendering the million-dollar home he owns in Naperville’s tony White Eagle neighborhood and a pair of Dodge Chargers.
MORE PHOTOS OF RANDY BROWN’S CHAMPIONSHIP RINGS
Whether any of Brown’s former teammates — who include Bulls legends Michael Jordan and Scottie Pippen — plan to bid on the rings is uncertain. West wouldn’t mind seeing such a scenario play out.
“So far I have not had a call from Michael Jordan,” said West. “If you want to give him my phone number, I’d be happy to chat him up.”
Bidding will be anonymous, but because this is a public sale conducted on behalf of the bankruptcy court, the name of the final bidder will be part of public record.
Calls to Brown’s bankruptcy lawyer, W. Scott de Bie, were not returned.