Dutch Boyd Puts Bellagio Bracelet on eBay
Professional poker player Dutch Boyd needs some Christmas present money and he’s hoping a poker fan might be able to help him out with the cash. Cue eBay.
Boyd has put one of his tournament bracelets up for sale on the popular internet auction website, with the closing date of the sale set for December 22. The bracelet is from his 2008 win in a $2,500 No-Limit Hold’em event at the Doyle Brunson Five Diamond World Poker Classic at the Bellagio in Las Vegas, a tournament that earned him $162,605.
He claims that the meltdown value of the bracelet is $2,644, though he was only offered $1,500 by a gold buyer. The bracelet is 14k gold, meaning that it is 58.33 percent gold, and weighs 83 grams. Boyd said the spot price of gold at the time of the auction’s listing was $1,690 per ounce or $54.61 per gram, so he figures the value is $54.61 x 83 x .5833, which equals $2,644. His calculations appear to be slightly off, as at $1,690 per ounce equates to $59.61 per gram, making the meltdown value of the bracelet $2,886.
At the time of this article’s posting, there have been 22 bids on the bracelet with the high bid coming in at $2,305. There is a reserve on the auction which has not yet been met.
Boyd has sold a number of items on eBay over the last few years, from toys to electronics to household goods. A few of his sales have also been poker related. In August and September 2011, he sold three $25 World Series of Poker tournament chips and two $500 tournament chips from the Wynn Casino for a total of $158.
There is currently a gold bracelet from a preliminary event at the 2006 World Series of Poker up for bids on eBay, as well, but Boyd claims it is not his. That bracelet has only had two bidders, but the price is up to $4,950 and there is no reserve.
This is not the first time poker tournament bracelets have been auctioned off on eBay. Two years ago, 1991 World Series of Poker champion Brad Daugherty put his Main Event bracelet up for bids, but while the closing bid was $30,100, it did not sell as the reserve price was not met. In November 2010, Paul “Eskimo” Clark’s 1999 WSOP Razz bracelet sold for $4,050, though Clark was not the seller. Earlier that year, one of T.J. Cloutier’s WSOP bracelets was sold by a Plano, Texas pawn shop for $4,006. Online poker site Cake Poker was the winner bidder and used it for promotional purposes before eventually returning it to Cloutier.
The most famous eBay bracelet sale was by 2008 WSOP Main Event champ Peter Eastgate, who auctioned off his Main Event bracelet for $147,500 shortly after announcing his (temporary) retirement from poker. He donated the proceeds to UNICEF.
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