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The left-arm pacer broke Australian captain Pat Cummins' mark of Rs 20.5 crore set earlier in the day.
Back after an eight-year gap, left-arm quick Starc was in demand as soon as his name was put under the hammer.
The most important factor that determines the bids on auction floor are the requirements of the franchisees.
Defending a victory target of 450, Australia's much-vaunted seam attack destroyed Pakistan's top-order in the afternoon, allowing Lyon to trap tail-ender Faheem Ashraf lbw and celebrate his milestone before the tourists folded up inside 31 overs.
Off-spinner Lyon sits on 499 Test wickets after claiming 3/66 while Imam-ul-Haq top-scored with 62 for the visitors, who were bowled out in 101.5 overs.
Pakistan batted for 53 overs in the afternoon to reach 132/2 at stumps as the visitors trail by 355 runs.
According to Australian media reports, the Pakistan-born opener intended to wear the boots during the match, which starts at Perth Stadium on Thursday.
Of the 23 players in the highest pay bracket, 20 are overseas cricketers.
Former players, who turn to the world of media after their playing days, must shed their cricketing gear behind them.
'Everyone is entitled to an opinion. But moving forward, we are looking to a nice Test over in the west,' said the opener.