The reputed auction houses are the most popular sources for buying rare items. From the original paintings of famous painters to dresses worn by Hollywood actresses, almost anything under the sun go under the hammers. For the rich and the famous, spending millions of dollars in buying rare paraphernalia are the best way of displaying their wealth. When it comes to buying a Picasso masterpiece, wealthy art collectors do not hesitate to spend over $100 million. Even locks of hair of famous people can fetch thousands of dollars at the auctions. Time has compiled a list of the ten most expensive items ever sold at the auctions.