Elizabeth Taylor’s jewelry sells for $115 million

Part of the proceeds will go to The Elizabeth Taylor AIDS Foundation, which she established in 1991 to help people living with AIDS.

More Entertainment stories

Autistic ballerina dances her way into hearts

Copyright 2011 The Associated Press. This material may not be published, broadcast, rewritten or redistributed.. An online-only sale of some items runs until Saturday. The ring was purchased by a private buyer from Asia, according to a Christie’s spokesman.

Story: Vamp it up! ‘Twilight’ wedding gown copy already for sale

Richard Drew  /  AP

Elizabeth Taylor’s “La Peregrina,” an early 16th century pearl, ruby and diamond necklace by Cartier, given to the late actress by Richard Burton, sold at auction for $11,842,500.

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.

NEW YORK — 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.

Slideshow: Elizabeth Taylor: Legend (on this page)

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. 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. All rights reserved. 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.

In a popular YouTube video, the beaming little ballerina dances an entire four-minute routine seemingly perfectly, matchin…

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. All prices include the buyer’s premium.

updated 12/14/2011 7:29:48 AM ET 2011-12-14T12:29:48

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

Let the bidding begin! Treasures from Hollywood icons hit the block

Every on-screen drink in ‘Mad Men’ in 5 minutes

See the ‘Dancing’ stars’ most memorable moves

Emmy’s biggest snubs? Cranston, Hamm, more

‘Toy Story’ toys burn up in prank on mom

Other sales of Taylor’s art, clothing and memorabilia will be held later in the week. It sold for $194,500

Leave a Reply