A 9.54-carat rare blue diamond ring once belonging to the late Shirley Temple, one of Hollywood's most famous child actors, failed to sell at a Sotheby's auction in New York on Tuesday. Bidding opened at $19 million and closed at $22 million, which was below the ring's reserve price where it had been estimated to sell for between $25 million and $35 million. The fancy deep blue diamond ring was purchased by Temple's father for $7,210 in 1940 around the time of the actress' 12th birthday. Temple died at age 85 in 2014.
The ring was the highlight at Sotheby's Magnificent Jewels sale, which generated nearly $30 million in sales from more than 300 lots. Other top items at the auction included a platinum and fancy purple-pink diamond ring that sold for $4.5 million, a platinum and diamond ring weighing 19.25 carats that fetched $1.9 million and a fancy light blue diamond ring weighing 5.06 carats that sold for $1.2 million.