Blue Ivy buys a pair of diamond earrings for $80,000 at auction

Blue Ivy may only be ten years old, but it already has a very expensive taste.

Young people Grammy winner attended the Wearable Art Gala in Los Angeles with her parents Beyoncé and Jay-Z on Saturday, where, much to everyone’s surprise, she joined the auction portion of the evening. In a clip that was shared on Quinta Brunson’s Instagram StoriesBlue bids $80,000 on a pair of Lorraine Schwartz’s diamond earrings, much to the shock of her grandmother Tina Knowles-Lawson and Keke Palmer who were spending the evening staring at the open-mouthed child from where they were conducting the auction on stage.

However, this isn’t the first time Blue has found herself embroiled in a bidding war for this particular auction. Back in 2019, when she was just six years old, she bid $19,000 on an acrylic painting of a young Sidney Poitier. But Tyler Perry was also interested in purchasing the same piece, so unbeknownst to both of them, they started feuding with each other over the artwork. After eventually winning it for himself, the famous director explained Today’s show, “Someone else was bidding against me, I didn’t know who it was.” He continued, “I look and it’s her. She’s taking the paddle out of Jay and Beyoncé’s hands and making a bet.” But Perry didn’t let the fact that he was competing against a first-grader hold him back, he said, “This kid didn’t beat me today. You’ll learn today girl, I’m getting that picture.’

And although she didn’t end up with the Poitier piece, Blue Ivy didn’t leave the auction empty-handed that night. She then bid on the next item, a 36-by-36-inch piece by Samuel Levi Jones made from deconstructed Indiana law books and California medical texts. In the end, Blue won the piece for just $10,000.

The celebrity auctioneer at the gala that year was Starr Jones, who explained that the then 6-year-old was not just a collector, but actually cultivated a deep appreciation for black art thanks to her parents. “Her mother and father talked about how you collect art, and that’s very important for African-Americans,” the former host The view said on stage at the time, adding that the information came directly from Knowles-Lawson. Grandma Blue is also partly responsible for her child’s love of the visual arts, as she co-founded the WACO Theater Center, which hosts the annual Wearable Art Gala to benefit the organization’s arts and youth programs. She also keeps an extensive collection of black art in her home.

This post was originally published in Fair of vanity.