Liz Taylor's jewellery collection fetches £74m at auction
Wednesday 14 December 2011
jewellery collection fetched a record-setting 115 million dollars (£74
million) at auction - including more than 11.8 million dollars (£7.6
million) for a pearl necklace.
More than 8.8 million dollars (£5.4 million) was the price of a 33.19-carat diamond ring given to her by Richard Burton - at an auction of gems and other memorabilia amassed by the late actress.
The pearl, diamond and ruby necklace, known as "La Peregrina," bought in 1969 by Burton for Taylor reached the world record price of 11,842,500 dollars. It was estimated to sell for up to 3 million dollars. The price surpassed the previous auction record for a pearl, set in 2007 at Christie's in New York.
The collection of Taylor's necklaces, earrings, pendants and rings and other gems went on sale at Christie's in New York. The ring was bought by a private buyer from Asia.
Among the other high-profile items was a diamond bracelet given to the "National Velvet" and "Cleopatra" actress by singer Michael Jackson, with an estimated sale price of 50,000 dollars . It sold for 194,500 dollars (£125,000).
Taylor, a screen goddess who also starred in classics such as "Giant," "Who's Afraid of Virginia Woolf?" and "Cat on a Hot Tin Roof," died in Los Angeles in March aged 79. A jewellery lover, she had pieces from some of the most famous names in the jewellery world, including Cartier, Van Cleef & Arpels and Chopard, in her collection.
Other sales of Taylor's art, clothing and memorabilia will be held later in the week. An online-only sale of some items runs until Saturday. Part of the proceeds will go to The Elizabeth Taylor AIDS Foundation.
Taylor's collection of impressionist and modern art is scheduled to go on sale at Christie's in London in February.
- 1 Which country would be hardest to invade?
- 2 The man who filmed the Freddie Gray video has been arrested at gunpoint
- 4 Floyd Mayweather's mouthguard costs $25,000 - enough to fly to Las Vegas and back 18 times
- 5 Royal baby girl born: Duchess of Cambridge's second child will be a princess thanks to Queen
Which country would be hardest to invade?
Morgan Freeman on the riot-focused coverage of the Baltimore protests: 'F**k the media'
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
The man who filmed the Freddie Gray video has been arrested at gunpoint
Nepal earthquake: Many survivors receiving no help despite relief effort
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
Indonesia executions live: 'Hysterical' families heard prisoners being shot dead by firing squad
General Election 2015: SNP and its activists 'openly racist' towards the English, Farage says
EU exit would hit UK economy much harder than neighbouring countries, study finds
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
£36000 - £45000 per annum: Recruitment Genius: This is an exciting opportunity...
£50000 per annum: Ashdown Group: HR Manager Shared Services - Uxbridge, Stock...
Negotiable: Recruitment Genius: This is an exciting opportunity to join one of...
£18000 - £20000 per annum + Benefits: Ashdown Group: HR Assistant (Events busi...