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Elizabeth Taylor's jewelry fetches record $115 million at auction

Elizabeth Taylor

Elizabeth Taylor may be gone, but her jewelry is still turning heads. The actress's personal collection of jewels went up for auction Tuesday night -- and fetched a record $115 million.

A pearl, diamond and ruby necklace known as La Peregrina, a gift to Taylor from Richard Burton in 1969, sold for a record $11.8 million. Christie's, which conducted the auction, had estimated the necklace would sell for $2 million or $3 million. Burton paid $37,000 for it.

A 33.19-carat diamond ring, which was projected to go for $2.5 million to $3.5 million, sold for $8.8 million.

PHOTOS: The collection of Elizabeth Taylor

That sum for a single white diamond could have bought a whole lot of Taylor's White Diamonds.

A diamond bracelet given to Taylor by close friend Michael Jackson sold for $194,500.

Eighty pieces from Taylor's jewelry collection were auctioned Tuesday in New York, with the remaining 189 items to go Wednesday. Christie's has already blown past the $30 million it predicted as the total sale price. A portion of the proceeds will go to the Elizabeth Taylor AIDS Foundation.

More from the late actress' estate will go on sale later in the week, including some of her film scripts and costumes. In February, her collection of Impressionist and Modernist art will go on sale in London.

Taylor died in March.

Some objects from Jackson's estate also went up for bidding this week. Sadly, the singer's auction wasn't as classy as Taylor's: We're talking fancy diamonds versus fancy clumps of hair.

Christie's has no plans to auction Taylor's hair.

RELATED:

Michael Jackson's hair auctioned off for $10,871

Elizabeth Taylor private tribute: Close friends, sweet words

Report: Elizabeth Taylor's jewels are expected to be auctioned

-- Patrick Kevin Day 

The Associated Press contributed to this report.

Photo: Elizabeth Taylor in 2005. Credit: Mario Anzuoni / Reuters

 
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