Drake revealed as new owner of Tupac's crown ring, which he purchased for over $1 million at auction

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Drake revealed as new owner of Tupac's crown ring, which he purchased for over $1 million at auction
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Rap star Drake has been revealed as the new owner of the late Tupac Shakur's crown ring, which he purchased at auction for over $1 million on Thursday.

, which he purchased at auction for over $1 million on Thursday.

Drake confirmed that he was the ring's mystery buyer, posting a photo of it on an Instagram story. Sotheby's, the auction house that sold the piece of jewelry, also confirmed to CBS News in a news release that the Grammy-winning rapper is the crown ring's new owner.The ring sold for triple its initial estimate of $300,000, making it the most valuable hip hop artifact ever sold at auction, according to Sotheby's.

He had been released from prison in late 1995, where he had served time for a sexual abuse conviction, and then signed a deal with Death Row Records. He was also working on launching a media group called Euphanasia.

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