diff --git a/proto/umee/auction/v1/events.proto b/proto/umee/auction/v1/events.proto
index 9ffb14d39f..8295a45833 100644
--- a/proto/umee/auction/v1/events.proto
+++ b/proto/umee/auction/v1/events.proto
@@ -13,8 +13,6 @@ option (gogoproto.goproto_getters_all) = false;
 message EventRewardsAuctionResult {
   uint32 id     = 1;
   string bidder = 2 [(cosmos_proto.scalar) = "cosmos.AddressString"];
-  // Auctioned tokens.
-  repeated cosmos.base.v1beta1.Coin rewards = 4 [(gogoproto.nullable) = false];
 }
 
 // EventFundRewardsAuction is emitted when sending rewards to auction module
diff --git a/proto/umee/auction/v1/query.proto b/proto/umee/auction/v1/query.proto
index f5377d39a5..e73af918a8 100644
--- a/proto/umee/auction/v1/query.proto
+++ b/proto/umee/auction/v1/query.proto
@@ -18,7 +18,7 @@ service Query {
     option (google.api.http).get = "/umee/auction/v1/rewards/params";
   }
   // RewardAuction queries the information of the auction by ID. If ID is ommitted, returns
-  // current reward auction params.
+  // current reward auction.
   rpc RewardsAuction(QueryRewardsAuction) returns (QueryRewardsAuctionResponse) {
     option (google.api.http).get = "/umee/auction/v1/rewards";
   }
diff --git a/x/auction/events.pb.go b/x/auction/events.pb.go
index 0c54dbcf56..d059d1e6a2 100644
--- a/x/auction/events.pb.go
+++ b/x/auction/events.pb.go
@@ -29,8 +29,6 @@ const _ = proto.GoGoProtoPackageIsVersion3 // please upgrade the proto package
 type EventRewardsAuctionResult struct {
 	Id     uint32 `protobuf:"varint,1,opt,name=id,proto3" json:"id,omitempty"`
 	Bidder string `protobuf:"bytes,2,opt,name=bidder,proto3" json:"bidder,omitempty"`
-	// Auctioned tokens.
-	Rewards []types.Coin `protobuf:"bytes,4,rep,name=rewards,proto3" json:"rewards"`
 }
 
 func (m *EventRewardsAuctionResult) Reset()         { *m = EventRewardsAuctionResult{} }
@@ -112,28 +110,27 @@ func init() {
 func init() { proto.RegisterFile("umee/auction/v1/events.proto", fileDescriptor_b5998c755af8caa1) }
 
 var fileDescriptor_b5998c755af8caa1 = []byte{
-	// 321 bytes of a gzipped FileDescriptorProto
-	0x1f, 0x8b, 0x08, 0x00, 0x00, 0x00, 0x00, 0x00, 0x02, 0xff, 0x8c, 0x91, 0xb1, 0x4a, 0x03, 0x31,
-	0x18, 0xc7, 0x2f, 0xb5, 0x54, 0x8c, 0xa8, 0x70, 0x14, 0xbc, 0x16, 0x89, 0xa5, 0x53, 0x1d, 0x9a,
-	0x78, 0x0a, 0x8a, 0x63, 0x2b, 0xea, 0x1e, 0x37, 0x17, 0xb9, 0xbb, 0x84, 0x33, 0x68, 0x13, 0x49,
-	0x72, 0x57, 0x1f, 0xc3, 0xd1, 0x07, 0xf1, 0x21, 0x3a, 0x16, 0x27, 0x27, 0xd1, 0xde, 0x8b, 0xc8,
-	0x5d, 0xd2, 0xc1, 0xcd, 0x2d, 0x1f, 0xbf, 0x1f, 0xdf, 0xff, 0xcf, 0x17, 0x78, 0x50, 0xcc, 0x38,
-	0x27, 0x49, 0x91, 0x59, 0xa1, 0x24, 0x29, 0x63, 0xc2, 0x4b, 0x2e, 0xad, 0xc1, 0xcf, 0x5a, 0x59,
-	0x15, 0xee, 0xd5, 0x14, 0x7b, 0x8a, 0xcb, 0xb8, 0xdf, 0xcd, 0x55, 0xae, 0x1a, 0x46, 0xea, 0x97,
-	0xd3, 0xfa, 0xbd, 0x4c, 0x99, 0x99, 0x32, 0xf7, 0x0e, 0xb8, 0xc1, 0x23, 0xe4, 0x26, 0x92, 0x26,
-	0x86, 0x93, 0x32, 0x4e, 0xb9, 0x4d, 0x62, 0x92, 0x29, 0x21, 0x1d, 0x1f, 0xbe, 0x01, 0xd8, 0xbb,
-	0xaa, 0x23, 0x29, 0x9f, 0x27, 0x9a, 0x99, 0x89, 0xcb, 0xa2, 0xdc, 0x14, 0x4f, 0x36, 0xdc, 0x85,
-	0x2d, 0xc1, 0x22, 0x30, 0x00, 0xa3, 0x1d, 0xda, 0x12, 0x2c, 0x3c, 0x86, 0x9d, 0x54, 0x30, 0xc6,
-	0x75, 0xd4, 0x1a, 0x80, 0xd1, 0xd6, 0x34, 0xfa, 0x78, 0x1f, 0x77, 0x7d, 0xde, 0x84, 0x31, 0xcd,
-	0x8d, 0xb9, 0xb5, 0x5a, 0xc8, 0x9c, 0x7a, 0x2f, 0xbc, 0x80, 0x9b, 0xda, 0x6d, 0x8e, 0xda, 0x83,
-	0x8d, 0xd1, 0xf6, 0x49, 0x0f, 0x7b, 0xbf, 0x6e, 0x84, 0x7d, 0x23, 0x7c, 0xa9, 0x84, 0x9c, 0xb6,
-	0x17, 0x5f, 0x87, 0x01, 0x5d, 0xfb, 0x43, 0x0a, 0xf7, 0x9b, 0x66, 0xd7, 0x85, 0x64, 0x7f, 0xdb,
-	0x85, 0xe7, 0xb0, 0x93, 0x18, 0xc3, 0xad, 0x89, 0xc0, 0xff, 0x96, 0x7a, 0x7d, 0x7a, 0xb3, 0xf8,
-	0x41, 0xc1, 0x62, 0x85, 0xc0, 0x72, 0x85, 0xc0, 0xf7, 0x0a, 0x81, 0xd7, 0x0a, 0x05, 0xcb, 0x0a,
-	0x05, 0x9f, 0x15, 0x0a, 0xee, 0x8e, 0x72, 0x61, 0x1f, 0x8a, 0x14, 0x67, 0x6a, 0x46, 0xea, 0xcb,
-	0x8f, 0x25, 0xb7, 0x73, 0xa5, 0x1f, 0x9b, 0x81, 0x94, 0x67, 0xe4, 0x65, 0xfd, 0x53, 0x69, 0xa7,
-	0x39, 0xdf, 0xe9, 0x6f, 0x00, 0x00, 0x00, 0xff, 0xff, 0x37, 0xa7, 0x36, 0xeb, 0xc0, 0x01, 0x00,
-	0x00,
+	// 306 bytes of a gzipped FileDescriptorProto
+	0x1f, 0x8b, 0x08, 0x00, 0x00, 0x00, 0x00, 0x00, 0x02, 0xff, 0x54, 0x90, 0xc1, 0x4a, 0x33, 0x31,
+	0x14, 0x85, 0x27, 0xfd, 0x7f, 0x0a, 0x46, 0x54, 0x18, 0x0a, 0x4e, 0x8b, 0xc4, 0xd2, 0x55, 0x5d,
+	0x34, 0x71, 0x14, 0x74, 0xdd, 0x8a, 0xba, 0x8f, 0x3b, 0x41, 0x64, 0x66, 0x72, 0x19, 0x83, 0x36,
+	0x91, 0x24, 0x33, 0xf5, 0x31, 0x7c, 0x18, 0x1f, 0xa2, 0xcb, 0xe2, 0xca, 0x95, 0x68, 0xfb, 0x22,
+	0x32, 0x93, 0xb8, 0x70, 0x77, 0x0f, 0xdf, 0xe1, 0x9e, 0xc3, 0xc1, 0x07, 0xd5, 0x1c, 0x80, 0x65,
+	0x55, 0xe1, 0xa4, 0x56, 0xac, 0x4e, 0x19, 0xd4, 0xa0, 0x9c, 0xa5, 0xcf, 0x46, 0x3b, 0x1d, 0xef,
+	0x35, 0x94, 0x06, 0x4a, 0xeb, 0x74, 0xd0, 0x2b, 0x75, 0xa9, 0x5b, 0xc6, 0x9a, 0xcb, 0xdb, 0x06,
+	0xfd, 0x42, 0xdb, 0xb9, 0xb6, 0xf7, 0x1e, 0x78, 0x11, 0x10, 0xf1, 0x8a, 0xe5, 0x99, 0x05, 0x56,
+	0xa7, 0x39, 0xb8, 0x2c, 0x65, 0x85, 0x96, 0xca, 0xf3, 0xd1, 0x1d, 0xee, 0x5f, 0x36, 0x89, 0x1c,
+	0x16, 0x99, 0x11, 0x76, 0xea, 0xa3, 0x38, 0xd8, 0xea, 0xc9, 0xc5, 0xbb, 0xb8, 0x23, 0x45, 0x82,
+	0x86, 0x68, 0xbc, 0xc3, 0x3b, 0x52, 0xc4, 0xc7, 0xb8, 0x9b, 0x4b, 0x21, 0xc0, 0x24, 0x9d, 0x21,
+	0x1a, 0x6f, 0xcd, 0x92, 0xf7, 0xb7, 0x49, 0x2f, 0xc4, 0x4d, 0x85, 0x30, 0x60, 0xed, 0x8d, 0x33,
+	0x52, 0x95, 0x3c, 0xf8, 0x46, 0x1c, 0xef, 0xb7, 0xef, 0xaf, 0x2a, 0x25, 0xfe, 0x46, 0xc4, 0xe7,
+	0xb8, 0x9b, 0x59, 0x0b, 0xce, 0x26, 0x68, 0xf8, 0x6f, 0xbc, 0x7d, 0xd2, 0xa7, 0xe1, 0x53, 0x53,
+	0x95, 0x86, 0xaa, 0xf4, 0x42, 0x4b, 0x35, 0xfb, 0xbf, 0xfc, 0x3c, 0x8c, 0x78, 0xb0, 0xcf, 0xae,
+	0x97, 0xdf, 0x24, 0x5a, 0xae, 0x09, 0x5a, 0xad, 0x09, 0xfa, 0x5a, 0x13, 0xf4, 0xba, 0x21, 0xd1,
+	0x6a, 0x43, 0xa2, 0x8f, 0x0d, 0x89, 0x6e, 0x8f, 0x4a, 0xe9, 0x1e, 0xaa, 0x9c, 0x16, 0x7a, 0xce,
+	0x9a, 0xf5, 0x26, 0x0a, 0xdc, 0x42, 0x9b, 0xc7, 0x56, 0xb0, 0xfa, 0x8c, 0xbd, 0xfc, 0xae, 0x9d,
+	0x77, 0xdb, 0x09, 0x4e, 0x7f, 0x02, 0x00, 0x00, 0xff, 0xff, 0xaa, 0xe5, 0xa1, 0x74, 0x84, 0x01,
+	0x00, 0x00,
 }
 
 func (m *EventRewardsAuctionResult) Marshal() (dAtA []byte, err error) {
@@ -156,20 +153,6 @@ func (m *EventRewardsAuctionResult) MarshalToSizedBuffer(dAtA []byte) (int, erro
 	_ = i
 	var l int
 	_ = l
-	if len(m.Rewards) > 0 {
-		for iNdEx := len(m.Rewards) - 1; iNdEx >= 0; iNdEx-- {
-			{
-				size, err := m.Rewards[iNdEx].MarshalToSizedBuffer(dAtA[:i])
-				if err != nil {
-					return 0, err
-				}
-				i -= size
-				i = encodeVarintEvents(dAtA, i, uint64(size))
-			}
-			i--
-			dAtA[i] = 0x22
-		}
-	}
 	if len(m.Bidder) > 0 {
 		i -= len(m.Bidder)
 		copy(dAtA[i:], m.Bidder)
@@ -246,12 +229,6 @@ func (m *EventRewardsAuctionResult) Size() (n int) {
 	if l > 0 {
 		n += 1 + l + sovEvents(uint64(l))
 	}
-	if len(m.Rewards) > 0 {
-		for _, e := range m.Rewards {
-			l = e.Size()
-			n += 1 + l + sovEvents(uint64(l))
-		}
-	}
 	return n
 }
 
@@ -356,40 +333,6 @@ func (m *EventRewardsAuctionResult) Unmarshal(dAtA []byte) error {
 			}
 			m.Bidder = string(dAtA[iNdEx:postIndex])
 			iNdEx = postIndex
-		case 4:
-			if wireType != 2 {
-				return fmt.Errorf("proto: wrong wireType = %d for field Rewards", wireType)
-			}
-			var msglen int
-			for shift := uint(0); ; shift += 7 {
-				if shift >= 64 {
-					return ErrIntOverflowEvents
-				}
-				if iNdEx >= l {
-					return io.ErrUnexpectedEOF
-				}
-				b := dAtA[iNdEx]
-				iNdEx++
-				msglen |= int(b&0x7F) << shift
-				if b < 0x80 {
-					break
-				}
-			}
-			if msglen < 0 {
-				return ErrInvalidLengthEvents
-			}
-			postIndex := iNdEx + msglen
-			if postIndex < 0 {
-				return ErrInvalidLengthEvents
-			}
-			if postIndex > l {
-				return io.ErrUnexpectedEOF
-			}
-			m.Rewards = append(m.Rewards, types.Coin{})
-			if err := m.Rewards[len(m.Rewards)-1].Unmarshal(dAtA[iNdEx:postIndex]); err != nil {
-				return err
-			}
-			iNdEx = postIndex
 		default:
 			iNdEx = preIndex
 			skippy, err := skipEvents(dAtA[iNdEx:])
diff --git a/x/auction/keeper/rewards.go b/x/auction/keeper/rewards.go
index 2ac9f9744e..ebc54d0650 100644
--- a/x/auction/keeper/rewards.go
+++ b/x/auction/keeper/rewards.go
@@ -11,6 +11,7 @@ import (
 
 	"github.com/umee-network/umee/v6/util"
 	"github.com/umee-network/umee/v6/util/coin"
+	"github.com/umee-network/umee/v6/util/sdkutil"
 	"github.com/umee-network/umee/v6/util/store"
 	"github.com/umee-network/umee/v6/x/auction"
 )
@@ -33,7 +34,10 @@ func (k Keeper) FinalizeRewardsAuction() error {
 		if err != nil {
 			return fmt.Errorf("can't burn rewards auction bid [%w]", err)
 		}
-
+		sdkutil.Emit(k.ctx, &auction.EventRewardsAuctionResult{
+			Id:     id,
+			Bidder: sdk.AccAddress(bid.Bidder).String(),
+		})
 	} else if len(a.Rewards) != 0 {
 		// rollover the past rewards if there was no bidder
 		newCoins = newCoins.Add(a.Rewards...)
diff --git a/x/auction/query.pb.go b/x/auction/query.pb.go
index 67414c1bed..4eeb13a82e 100644
--- a/x/auction/query.pb.go
+++ b/x/auction/query.pb.go
@@ -250,7 +250,7 @@ type QueryClient interface {
 	// QueryRewardParams queries parameters for the reward auciton.
 	RewardsParams(ctx context.Context, in *QueryRewardsParams, opts ...grpc.CallOption) (*QueryRewardsParamsResponse, error)
 	// RewardAuction queries the information of the auction by ID. If ID is ommitted, returns
-	// current reward auction params.
+	// current reward auction.
 	RewardsAuction(ctx context.Context, in *QueryRewardsAuction, opts ...grpc.CallOption) (*QueryRewardsAuctionResponse, error)
 }
 
@@ -285,7 +285,7 @@ type QueryServer interface {
 	// QueryRewardParams queries parameters for the reward auciton.
 	RewardsParams(context.Context, *QueryRewardsParams) (*QueryRewardsParamsResponse, error)
 	// RewardAuction queries the information of the auction by ID. If ID is ommitted, returns
-	// current reward auction params.
+	// current reward auction.
 	RewardsAuction(context.Context, *QueryRewardsAuction) (*QueryRewardsAuctionResponse, error)
 }