The collector, Yee Mar, has owned the ring for several years and purchased it from a friend of Robinson, who is in federal prison in Louisiana serving a 78-month sentence in 2011 for bank bribery, wire fraud and conspiracy to commit bank fraud.
Mar is asking $89,899.89 for the ring. He admitted he doesn't expect to get that much for the ring and he established that price as a tie to the year of the championship. He initially planned to hold on to the ring until next year, which will be the 25th anniversary of the Wolverines' only national title on the hardwood, but their success in the NCAA tournament this year made him reconsider and put it up for bid now.
- Sports & Recreation
- Jewelry & Watches