The former beauty queen revealed that she plans to auction off her engagement ring – a move that comes 14 years after she and Travis divorced, and two weeks after the Blink-182 drummer legally married Kourtney Kardashian.
"I think it is a beautiful piece and truly was my dream ring," Shanna told Us Weekly. "However, that chapter of my life is over and even though wearing it at one time brought me great joy, I hope it will find a new home and continue to bring someone as much happiness as it once did to me. It's truly an iconic ring!"
The ring — which Us says features a diamond encrusted band surrounding a large, solitaire stone — is for sale through at least May 31 on Worthy.com, but the auction could be extended based on interest. Bidding for the ring began at $51,000, and it quickly bid up to over $64,00.
"I'm hoping it sells for $120,000," Shanna said. "It was worth about $160,000."
Although Shanna is well aware of the Travis and Kourtney's recent nuptials in Los Angeles and Italy, she said the timing of the auction has nothing to do with his new marriage.
"I'm sure people would assume that [it's related to the wedding], but I simply wanted to find a proper seller and Worthy.com is the most professional and I know will give this piece the attention it deserves," she said.
Shanna and Travis share two children, Landon, 18, and Alabama, 16. The dummer is also very close with Atiana De La Hoya, 23, Moakler's daughter with boxer Oscar De La Hoya.
"I wish the happy couple a lovely marriage," Shanna said of Travis and Kourtney. "I will continue to only want the best for my children. It was a beautiful gesture to include my children in such a gorgeous affair."