Monday, December 26, 2011

The Collection of Elizabeth Taylor Auction

The recent Elizabeth Taylor Jewelry Auction set world records!
Several items sold for 5, 10 or 50 times their estimated value.
The collection fetched $118 million in one night making
Taylor's gems the most valuable private collection of jewels ever sold at auction.

The collection included 1,778 lots of jewelry,
fashion, decorative arts and film memorabilia.
This historic sale set a world record for the most valuable sale of jewelry in auction history, and set a new bar for the most valuable collection of fashion ever offered at auction. It also marked the company’s first-ever Online-Only sale, which ran in parallel to the live auctions at Christie’s New York and generated over 57,000 bids and $9.5 million in additional sales. In total, 26 items sold for over the $1 million mark, and numerous new world auction records were achieved – a testament to Miss Taylor’s expert eye for craftsmanship, rarity, and quality in all of the items she chose for her personal collection.

The world famous La Peregrina necklace by Cartier - a diamond and ruby rope
with a 16th century pearl pendant sold for $11.8 million!

One collector paid $600,000 for a diamond and sapphire ring
given to the star by Michael Jackson,
while the 33.19-carat Elizabeth Taylor Diamond,
a present from Richard Burton, sold for $8.8 million.

A portion of the profits will be donated to the Elizabeth Taylor AIDS Foundation

Visit the Christie's Auction Site to read more