Peter Eastgate’s 2008 Main Event bracelet started with an opening bid of $16,000 on eBay, $100 more than the bracelet was allegedly valued at by a jeweler. With more than 6 days still remaining to bid on the item, the auction has been bid all the way up to $45,100. Clearly, bidders are placing a pretty high intrinsic value on the item since it is probably only worth about one-third that much for it’s value in gold and diamonds.
Eastgate has pledged to donate all proceeds from the auction to UNICEF, an organization that works to provide basic needs and rights to children in developing nations around the world. Stay tuned to PokerTips.org for more news on this interesting poker-related auction.