Auctioneers are planning to break ground Friday on the largest-ever auction of the largest iron found on the planet.
The auction, which will start at the San Diego Maritime Museum, is being called the largest single auction of an iron found anywhere on earth.
The event is being held at the National Iron and Steel Museum in Baltimore, Maryland, a city that hosts the largest national iron market in the world.
“We’re taking a very different approach to the sale,” said Chris Leopold, a Chicago-based auctioneer who is spearheading the event.
“We’re going to bring a lot of people together and it’s going to be really exciting.”
The event, which takes place the day after Thanksgiving, is expected to be the largest of its kind in the United States, which is already home to one of the biggest Iron and Ironing World Championships.
The event will take place at the Smithsonian’s National Museum of African American History and Culture.
“It’s an opportunity to put the focus on the history of iron and the history that has been brought to us from the United Kingdom and the United states,” Leopel said.
The iron is estimated to be worth about $50 million to $60 million, according to the auction house.
The auction is expected at least $5 million.
The biggest iron found in the country, which was discovered in a mine near Kingston, New York, is valued at $8 million.
The iron is believed to be about 1,300 pounds.
Auctioneer Chris Leo has helped lead a campaign to raise the estimated value of the world’s largest iron to $8.7 million.
He said he and his partners have been working on the event since August and are planning a big show on Friday.
Leo said the largest auction will be a unique experience.
“It’s a really rare find,” he said.
“There is not one, and this is the first one we’ve ever done that is in the public domain.”
Auctioneers are using advanced computer modeling to estimate the price of the iron.
They are also using historical information from the U.S. government and the British government to estimate how much the iron is worth.
“I think that’s the biggest challenge we have in this auction,” Leo said.
Auctions are taking place throughout the country in order to raise money for the Smithsonian and the National Museum.
“This is a great opportunity to bring this incredible collection of American iron and steel into the public eye,” Smithsonian National Museum Director Michael Oreskes said in a statement.
“The auction will allow us to share the extraordinary story of the United Sates iron and ironmaking history and also to highlight the incredible American culture that has inspired our country.”
The Iron and Oreske’s Iron and steel Museum is the only U.K.-based museum dedicated to the manufacture of the oldest, best-known iron found elsewhere in the known world.
The Iron and Oske’s has held several auctions, including one in the UK in 2013.