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Taylor's jewelry nets US$115 million
Source: Agencies |
December 15, 2011, Thursday
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ELIZABETH Taylor's jewelry collection fetched a record-setting US$115 million - including more than US$11.8 million for a pearl necklace and more than US$8.8 million for a diamond ring given to her by Richard Burton - at an auction of gems and other memorabilia amassed by the late actress.
The 33.19-carat diamond ring given to Taylor by the actor she married twice, sold for US$8,818,500.
The pearl, diamond and ruby necklace, known as "La Peregrina," purchased at auction for US$37,000 in 1969 by Burton for Taylor reached the world record price of US$11,842,500. It was estimated to sell for US$2 million to US$3 million. The price surpassed the previous auction record for a pearl, set in 2007 at Christie's auction house in New York City with the sale of The Baroda Pearls for US$7,096,000.
The ring, estimated to sell for US$2.5 million to US$3.5 million, was included in a collection of Taylor's necklaces, earrings, pendants and rings and other gems that went on sale on Tuesday night at Christie's in New York. The ring was purchased by a private buyer from Asia, according to a Christie's spokesman.
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 US$30,000 to US$50,000. It sold for US$194,500.
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 at age 79.
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, which she established in 1991 to help people living with AIDS.
The 33.19-carat diamond ring given to Taylor by the actor she married twice, sold for US$8,818,500.
The pearl, diamond and ruby necklace, known as "La Peregrina," purchased at auction for US$37,000 in 1969 by Burton for Taylor reached the world record price of US$11,842,500. It was estimated to sell for US$2 million to US$3 million. The price surpassed the previous auction record for a pearl, set in 2007 at Christie's auction house in New York City with the sale of The Baroda Pearls for US$7,096,000.
The ring, estimated to sell for US$2.5 million to US$3.5 million, was included in a collection of Taylor's necklaces, earrings, pendants and rings and other gems that went on sale on Tuesday night at Christie's in New York. The ring was purchased by a private buyer from Asia, according to a Christie's spokesman.
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 US$30,000 to US$50,000. It sold for US$194,500.
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 at age 79.
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, which she established in 1991 to help people living with AIDS.
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