The gift of getting your gift back

March 20, 2019 - 3:30 am

By Amy E. Feldman, Judge Technology Solutions

PHILADELPHIA (KYW Newsradio) — Didn't get a ring for Valentine's Day? Fear not, a diamond can still be yours.  

Not an engagement ring, but one of the two diamond-encrusted rings that Kobe Bryant purchased for his parents to commemorate his first NBA championship with the Lakers.

His parents tried to sell them back in 2013, along with a lot of other Bryant memorabilia. Bryant filed a lawsuit to stop the sale, but agreed to let them sell six items, including these rings. 

Now the new owner, who bought them for $280,000, is putting them up for auction again.  

If you ever gave a gift that you later regretted giving, can you get it back? 

Not very easily. Unlike an engagement ring, which is a conditional gift — the condition is getting married, the bride doesn't take title to the ring until she fulfills the condition (marries the guy) — if you voluntarily intend to give a gift and that gift is accepted by the recipient, it becomes his property. 

Good news for Bryant, though. If he really wants those rings back, he can bid on them like the rest of us.