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Eastgate to auction off bracelet on eBay

17 November 2010

LAS VEGAS, Nevada -- Peter Eastgate, the 2008 World Series of Poker champion, has placed his gold and diamond champions bracelet for sale on eBay.

Eastgate, who earned $9.15 million by topping a field 6,843 players, said in the listing all proceeds from the sale would be donated to the U.S. Fund for UNICEF, a children's charity.

Earlier this year, Eastgate, a 24-year-old from Denmark, told The Associated Press he had retired from poker.

Buyers have until Nov. 25 to claim the bracelet. As of Tuesday afternoon, three bids have taken the bracelet up to $16,300 -- $300 more than original listing price.

In an interview with a Danish publication, Eastgate said he had great pride in his title but the bracelet was never worn. If the sale of the bracelet helps others, he "would be delighted."

The World Series of Poker bracelet is made from 168 grams of 18-karat white gold and has a total of 291 diamonds, making up 2.81 carats encrusted into it.

"We think Peter's situation is unique and support his effort to raise money for worthy causes," World Series of Poker spokesman Seth Palansky said. "As a young man, we hope he won't regret this decision one day, but it's his right and we wish him nothing but the best."

Eastgate broke 11-time bracelet winner Phil Hellmuth's record as the youngest World Series of Poker champion ever.
Eastgate to auction off bracelet on eBay is republished from