New Record: Ham Sells For $10M At Kentucky Auction

While food prices have risen considerably, they still don’t come close to the amount someone paid for a ham on Thursday down at the Expo Center.

The ham, which was auctioned off as part of the 59th Annual Kentucky Country Ham Breakfast, fetched a staggering $10 million – a new record, needless to say. The ham was actually purchased by two bidders, Central Bank and Kelly and Joe Craft, who each bid $5 million together, organizers say – a pretty hefty price for half of a ham.

The money will be distributed to a number of Kentucky-based charities, organizers of the event say. “It’s not the ham,” says Central Bank CEO Luther Deaton, one of the successful bidders. “It’s what we can give back and give back to our communities and the great state we live in.”

Have you ever overspent at an auction?