Do I Look Generous Yet?
Ron Artest, an NBA player, has decided to auction off his championship ring that he won as a Los Angeles Lakers team member, and donate the proceeds to charity.
Artest plans to soon announce details of what he hopes will become a worldwide auction, and he takes possession of the jewelry in an Oct. 26 pre-game ceremony before the Lakers open against the Rockets. It’s an incredible gesture. But it’s even more meaningful as a statement. (Yahoo! Sports via NBA.com)
That’s mighty generous of Artest. Auctioning off that ring is going to do wonders. It’ll probably raise more money than he will be able to make through endorsements and sponsorships. Plus, he can’t just hand money that he has earned away, that would be crazy. He is right to auction off a hollow status symbol and use the highest bidder’s money to do good.