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October 30, 2014 04:10 PM

“Money ain’t nothing but money / When you get to the money, it ain’t nothing but money,” Miley Cyrus rapped on Bangerz – and the singer continued that cost-is-no-object sentiment at Wednesday’s amFAR Inspiration Gala in Los Angeles.

Decked out in a skin-baring, S&M-style dress, Cyrus won a bidding war against the night’s honoree – designer Tom Ford.

The prize: a print of a nude woman by photographer Ryan McGinley. The price: a casual $300,000.

Upon the singer’s winning bid, host Gwyneth Paltrow took the stage, quipping: “Okay, I’m drunk now, so this isn’t fair And Miley Cyrus has much more money than I do! What the f—?!”

Cyrus, who attended the gala with her mom, Tish, didn’t stop the spending with the auction, though: Later in the evening, she donated another $200,000 to the organization, which funds research to eradicate HIV and AIDS.

“If I’m going to have a voice, I would like to start an open dialogue about prevention and awareness and how people in the world have been affected by HIV and AIDS,” Cyrus said at the event. “Hopefully I could break down people’s walls that have been built up around sexuality. I’m obviously not too embarrassed to talk about these things, especially with young people.”

Reporting by REAGAN ALEXANDER

RELATED: Miley Cyrus Fronts M.A.C.’s New Viva Glam Campaign: See the First Ad

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