The Miami Herald said thousands of items were auctioned off from the estate of former Studio 54 co-owner Steve Rubell during the event, which was held at Baba's auction house.
Most of the 400 items were sold at prices higher than the auction house suggested, with a Polaroid of Rubell and Grace Jones going for $10,000. An invitation to a party at the club sold for $1,500.
The club's guestbook sold for $6,000.
The Herald said many prices were driven upward by photograph collectors.