Blue Ivy left fans in hysterics over the weekend as it emerged the 10-year-old had bid $80,000 on a pair of Lorraine Schwartz diamond earrings while attending a luxury auction.

The youngster had joined Beyonce, 41, and Jay-Z, 52, at the Wearable Art Gala in Los Angeles on Saturday night when she shocked onlookers by throwing her paddle into the air as she joined the bidding war.

The move is said to have left her grandmother Tina Knowles-Lawson, 68, and Keke Palmer, 29, open-mouthed – yet it’s not the first time that such scenes have occurred.

Blue Ivy the businesswoman! Jay Z and Beyonce’s 10-year-old daughter’s $80K bid for diamond earrings was her SECOND visit to the auction room

The youngster has a history at the auction house, previously offering up a $19,000 bid at the same event in 2019 when she was just six years old.

That mystery bidder turned out to be none other than Tyler Perry, 53, who didn’t even know that he was bidding against a child.

‘Somebody else was bidding against me,’ Perry later told NBC’s Today show after winning the bidding war with Blue Ivy. ‘I didn’t know who it was.’

‘I look over and it’s her,’ said the influential filmmaker. ‘She’s taking the paddle out of Jay’s hand and Beyonce’s hand and she’s bidding.’

Famous parents: The youngster had joined Beyonce, 41, and Jay-Z, 52, at the Wearable Art Gala in Los Angeles on Saturday night when she bid on items (pictured in 2014)

Perry’s resolve didn’t waver once he realized that his competition was practically a kindergartener. ‘This kid’s not outbidding me today,’ he said of his determination. ‘You gonna learn today, little girl, I’m getting this painting.’

While she may have missed out on the prize, Blue Ivy didn’t let it impact her confidence and she was quick to offer up more money for the next item: a 36” x 36” piece of art composed of deconstructed law books from Indiana and medical books from California, created by artist Samuel Levi Jones.

She was able to snap up the tome for a cool $10,000.

Proud grandma: Blue Ivy shocked her grandmother Tina Knowles-Lawson, 68, and Keke Palmer, 29, when she entered the bidding war and raised her paddle for the auction item

The celebrity auctioneer for the gala that year was Star Jones, 60, and she explained how Blue Ivy’s passion for art has developed.

‘Her mother and father have been talking about how you gather art and that is a big deal for African Americans,’ said Jones from the stage. The former host of The View went on to add that this insight came straight from Beyonce’s mother Tina Knowles-Lawson.

Tina is co-founder of the WACO Theatre Center, which puts on the Wearable Art Gala every year in order to benefit WACO’s artistic and youth mentorship programs.

Talented: Her collaboration with Beyonce on the single Brown Skin Girl also earned her the title of youngest ever winner of a BET Award and second youngest person to win a Grammy Award

The annual charity event is a family affair, with Beyonce serving as an honorary co-chair along with her sister Solange Knowles, 36.

The Carters never fail to make an impact every year, contributing to the cause with both their presence and their pocketbooks.

Beyonce was decked out in Gucci for this year’s event where she revealed that her Renaissance World Tour will kick off next summer. The superstar donated the first round of tour ticket to the gala and they reportedly sold for $150K.

Blue Ivy was not responsible for bidding up the astronomical price of the tickets.

While she may be just 10 years old, the first-born daughter of Jay-Z and Beyonce has an estimated net worth of $500million.

She has spent her entire life in the spotlight, being dubbed ‘the most famous baby in the world’ by Time magazine just two days after she was born.

Her collaboration with Beyonce on the single Brown Skin Girl also earned her the title of youngest ever winner of a BET Award and second youngest person to win a Grammy Award.

Last year, Blue Ivy branched out with another talent, appearing as a young model in the  promotional material for her mother’s Ivy Park x Adidas line.

Model moment: Last year, Blue Ivy branched out with another talent, appearing as a young model in the promotional material for her mother’s Ivy Park x Adidas line