A man who sold an $1.2 million jewellery piece to a jewellery auction in New York City has died at age 87.
The auctioneer Chupchupps was buried in a private cemetery in the New York suburb of Chappaqua on Friday.
The owner of Chupp’s jewellery had sold the ring to the auction house to replace an item that had become damaged in a fall at Chupp.
A friend of Chup, who was an amateur pilot, had purchased the ring and was trying to sell it to the museum.
When the ring fell into the water, it caused the ring, which was in a chain, to fall out of the ring holder.
The buyer called a funeral home, who took the ring back to Chupp for repairs.
The jewellery was sold by the funeral home and donated to the cemetery.
Chupp, who died at his home in New Rochelle, New York, was buried at St. John’s cemetery in Chappaquah.
The Associated Press contributed to this report.