A ring made with an emerald that was lost on a Spanish shipwreck for four centuries before being rediscovered in one of the most successful treasure hunts of all time will come to auction for the first time in December, as the widow of a former Perdue Farms CEO prepares to sell the ring and donate all proceeds to humanitarian efforts in Ukraine.
The emerald ring could fetch as much as $70,000 at auction in December, according to Sotheby’s.
The Atocha shipwreck was one of the most successful treasure finds of all time, and initially the state of Florida wanted a cut. The state claimed the wreck and had Fisher’s team sign a contract that handed over 25% of the treasure to Florida. After nearly a decade of legal battles, the Supreme Court ruled in 1982 that Florida did not have a stake in the rediscovered treasure and returned full ownership to the finders.