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Cake Poker Buys T.J. Cloutier's Bracelet Off eBay

Bracelet Goes For $4,006 in Auction

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T.J. CloutierThe poker community was stunned last week when it was discovered that a pawn shop in Plano, Texas, was selling a World Series of Poker bracelet won in 2005 by legendary poker champion T.J. Cloutier on eBay.

The seller confirmed that the 14 karat gold, diamond-encrusted bracelet was 100 percent authentic and acquired from Cloutier himself. Though Cloutier declined to be interviewed, it was reported that he said the following to a producer of the Hardcore Poker Show:

“I don’t want to talk about it,” he said. “Yeah, it’s mine. I was short. I pawned it. I tried to get it back with my ticket but I was too late.”

When Card Player first reported on the story, the bracelet was still in the bidding process. Now, online site Cake Poker has confirmed that it purchased the piece of memorabilia for $4,006.

Cake Poker was the winner of TJ Cloutier's WSOP braceletIn the site’s blog, a Cake Poker representative stated the following.

“Since winning the bid and celebrating wildly, we have taken some time to reflect on our glorious new prize. As much as we would love to have a WSOP bracelet, or even award it to one of our cherished poker players, we can’t, in good conscience keep it from the man who rightfully won it, which is why we’ve decided to return it to T.J. Cloutier…just as soon as we have some fun with it.”

The bracelet was originally awarded to Cloutier for winning the $5,000 no-limit hold’em championship. The six-time bracelet winner beat out 466 players and earned $657,100. His lifetime winnings currently stand at $9,644,900.