Elizabeth Taylor's jewelry sells for $115 million - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Elizabeth Taylor's jewelry sells for $115 million

Posted: Updated:
This Sept. 1, 2001, file photo shows Elizabeth Taylor's "La Peregrina," an early 16th century pearl, ruby and diamond necklace by Cartier, that was gift from Richard Burton to Elizabeth Taylor, at Christie's, in New York. This Sept. 1, 2001, file photo shows Elizabeth Taylor's "La Peregrina," an early 16th century pearl, ruby and diamond necklace by Cartier, that was gift from Richard Burton to Elizabeth Taylor, at Christie's, in New York.
This , Sept. 1, 2011, file photo shows"The Elizabeth Taylor Diamond," a 33.19 carat a gift to the actress from Richard Burton at Christie's, in New York. This , Sept. 1, 2011, file photo shows"The Elizabeth Taylor Diamond," a 33.19 carat a gift to the actress from Richard Burton at Christie's, in New York.

NEW YORK (AP) — Elizabeth Taylor's jewelry collection fetched a record-setting $115 million — including more than $11.8 million for a pearl necklace and more than $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 $8,818,500.

The pearl, diamond and ruby necklace, known as "La Peregrina," purchased at auction for $37,000 in 1969 by Burton for Taylor reached the world record price of $11,842,500. It was estimated to sell for $2 million to $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 $7,096,000.

The ring, estimated to sell for $2.5 million to $3.5 million, was included in a collection of Taylor's necklaces, earrings, pendants and rings and other gems that went on sale 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 $30,000 to $50,000. It sold for $194,500. All prices include the buyer's premium.

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. A jewelry lover, she had pieces from some of the most famous names in the jewelry 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, which she established in 1991 to help people living with AIDS.

Taylor's collection of impressionist and modern art is scheduled to go on sale at Christie's in London in February.

 

Copyright 2011 The Associated Press.

  • Entertainment NewsEntertainment NewsMore>>

  • Archaeologists find street of balconies in Italy's Pompeii

    Archaeologists find street of balconies in Italy's Pompeii

    Sunday, May 20 2018 1:04 AM EDT2018-05-20 05:04:45 GMT
    Archaeologists excavating an unexplored part of Italy's volcanic ash-covered city of Pompeii have discovered a street of houses with intact balconies that were buried when Mount Vesuvius erupted in 79 AD. 
    Archaeologists excavating an unexplored part of Italy's volcanic ash-covered city of Pompeii have discovered a street of houses with intact balconies that were buried when Mount Vesuvius erupted in 79 AD. 
  • Meghan Markle wears stunning Givenchy wedding dress

    Meghan Markle wears stunning Givenchy wedding dress

    May 19, 2018 6:38 AM2018-05-19 17:39:16 GMT

    Meghan Markle stepped out of her car in front of St. George's Chapel at Windsor Castle on Saturday in an exquisite gown.

     

    Meghan Markle stepped out of her car in front of St. George's Chapel at Windsor Castle on Saturday in an exquisite gown.

     
  • Royal wedding displays the best British cars like Rolls-Royce, Bentleys

    Royal wedding is the stage to display the best British cars like Rolls-Royce, Jaguars

    May 19, 2018 9:43 AM2018-05-19 16:59:06 GMT

    The British have always understood that a royal wedding is about more than tradition and pageantry. It's also a chance to show off United Kingdom industry, especially its cars.

     
    The British have always understood that a royal wedding is about more than tradition and pageantry. It's also a chance to show off United Kingdom industry, especially its cars. 
Powered by Frankly
All content © Copyright 2000 - 2018 Midwest Television, Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.