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His son is.
SCP Auctions has added an addendum to its bid page, stating: "This ring will be accompanied by two letters of provenance, one signed by Lawrence Taylor acknowledging he gave the ring as a gift to his son Lawrence Taylor, Jr. and a second signed by Lawrence Taylor, Jr. stating that the ring is in fact the authentic 1991 New York Giants Super Bowl XXV ring he received from his father."
According to the bid page, Taylor's ring received 21 bids, with the highest bid at $89,568 as of 2:15 p.m. ET Friday. The auction will end Saturday, with the estimated value of the ring between $75,000 and $100,000, according to the news release.
"Lawrence was in fact unaware of (the auction), but said he gave it to TJ, and it's his right to do what he wants with it. He's fine with whatever TJ decided," Mark Lepselter, Taylor's longtime representative, told FOXSports.com.
The auction began Thursday, one morning after Giants players received their Super Bowl XLVI championship rings at a ceremony at Tiffany & Co.
Taylor's ring is described as showing "considerable wear, that in some eyes, only enhances its aura."
The ring features two football-shaped diamonds on a background of blue enamel and surrounded by 17 smaller diamonds. On one side of the ring, "TAYLOR" is engraved above a Giants helmet with the number "56" underneath it.
Taylor was sentenced in March 2011 to six years' probation in a deal where he agreed to plead guilty to sexual misconduct and patronizing an underage prostitute. Taylor initially was charged with third-degree rape, among other counts, stemming from an incident that occurred in May 2010.