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Bankruptcy News – Football Great Ray Guy Auctions Super Bowl Rings

Bloomberg News reports that Ray Guy's three Super Bowl rings will be auctioned off in his bankruptcy case (click here to see to full article).The article reports that the rings are worth between $70,000.00 and $90,000.00.  I'm no expert in jewelry valuation but it seems like a Super Bowl Ring would be worth a lot more.Ray Guy, who is from Swainsboro, Georgia, filed for bankruptcy protection in Augusta, Georgia in April 2010.  Bloomberg News reports that the IRS is the first lien holder on the rings.The Ray Guy Award is given to the best college football punter every year by...

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