The $12k Item Kylie Jenner Bought From Justin Bieber and Hailey Baldwin's Charity Auction

Justin Bieber and Hailey Baldwin hosted an auction earlier this month to support two charities in Los Angeles, the LIFT and Inner-City Arts. According to HypeBeast, LIFT works to alleviate the cycle of poverty in families, and Inner-City Arts focuses on art education for underprivileged children.

The auction, hosted through Paddle8, was also attended by Kylie Jenner, who spent a whopping $12,000 on an emerald green Beanie Baby created by artist Dan Life, according to E! News. The "Erin" Beanie Baby is one of five ever made, sits at 9.5 inches, and is made out of cast resin and green crystals.

#KylieJenner spending $12K on a rare Beanie Baby gives me hope that my collection from the 90’s will eventually be worth something ? pic.twitter.com/Es1f57pn1p
— Liz On The Radio ? (@LizOnTheRadio) December 27, 2019

Bieber performed at the event for guests and Kylie even jumped on stage to serenade auction-goers with her "Rise and Shine" wake up song. Kris Jenner and Corey Gamble were also at the event.

People on Twitter are joking that Beanie Babies may finally be worth something again now that Kylie dropped some serious cash to buy one.

Artist Dan Life had other pieces for sale in the auction, including a "Princess Diana blue bear," according to Metro UK. The artist specializes in nostalgic '90s art, including Beanie Babies and Pokemon-inspired art as well.