The wedding band sold initially in 1999 at the now famous Christie's auction, "The Personal Property of Marilyn Monroe." The hammer price in 1999 was $772,500.
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Interestingly, news reports about the ring being auctioned are stating that due the fact the ring is missing one of the diamonds it's expected to sell for less than it did at the 1999 Christie's auction. Well, the diamond was missing in 1999, and that didn't appear to have much effect on the sale of the ring at that time. Perhaps reporters are failing to recognize that buyers will be bidding on Marilyn Monroe's wedding band, and the fact that it's missing one of the diamonds will have no impact on the hammer price.
The big question is, will it sell for more than it did in 1999? If recent auctions of Marilyn Monroe items are any indication, (Marilyn Monroe Dress Breaks Record at Auction), this ring will very likely sell for a seven-figure hammer price.
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