(Cover) - EN Showbiz - Hugh Hefner does not "judge" former fianc Crystal Harris for auctioning off the engagement ring he gave her.

The 85-year-old Playboy founder and the 25-year-old Playmate were set to wed this summer, but Crystal called off the nuptials.

During his proposal, Hugh presented Crystal with a $90,000 3.39 carat diamond engagement ring. Within weeks from today Crystal will auction the ring off at Christie's in New York City to the highest bidder. Hugh is not insulted by the engagement ring bidding.

"It's hers to do with whatever she wishes," Hugh said to USA Today at the Los Angeles red carpet premiere of film The Rum Diary on Thursday. "It's up to her. I'm not going to judge it."

In Hugh's opinion the ring was one of the least important assets to allocate after their split. He was more concerned with their hound.

"I got the dog, she got the ring," Hugh said. "I got the best of it."

Hugh was not alone at the event. The ladies' man was accompanied by 25-year-old Playboy's Miss January 2011 Anna Berglund.

"I'm with that lovely lady over there," Hugh smiled. (C) Cover Media