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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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 This material may not be published, broadcast, rewritten or redistributed..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.
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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.
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Other sales of Taylor’s art, clothing and memorabilia will be held later in the week. It sold for $194,500