Barbella purchased a wedding ring for $15 at a yard sale in may. she thought the ring was costume jewelry, but it turned out to be a real diamond ring. she is not in the business of buying and selling anything. she researched the ring on the internet and discovered that it was worth at least $1,000. she sold it on an internet auction site for $1,100 in july. was the ring a capital asset? what were the amount and nature of the gain or loss from its sale by barbella?