Saturday, December 17, 2011

RECORD-BUSTER: CHRISTIE'S SELLS LIZ TAYLOR’S JEWELRY FOR $116M


It's official: The Elizabeth Taylor Jewelry Collection auction by Christie's has set a new world record for the most valuable private collection of jewels sold at auction, fetching US$115,932,000 in one night.
The star of the night came from under the sea: Ms Taylor's La Peregrina natural pearl, diamond, ruby, and cultured pearl necklace (below) went under the hammer for $11.8 million, including fees, breaking two world records at once: for an historic pearl, against the previous record of $2.5 million set by La Regente at Christie’s Geneva auction in 2005, and for a pearl jewel, surpassing the $7 million record paid for The Baroda Pearls at Christie’s New York, 2007.
Christies Sells Liz Taylors Jewelry For Record 116 Million 5
A gift from Taylor's longtime lover Richard Burton in 1969, this remarkable pearl - 203 grains in size - is equivalent to 50 carats. Discovered in the 1500s in the Gulf of Panama, it was incorporated into the crown jewels of Spain and ranks as one of the most important historic pearls in the world. When Burton bought the pearl over, Elizabeth Taylor designed the Ruby and Diamond Necklace with Al Durante of Cartier, in a creation that she once declared “the most perfect pearl in the world.” 
Scroll down for a sampling of the other dazzling highlights from the auction. 
Christies Sells Liz Taylors Jewelry For Record 116 Million 6
The Mike Todd Diamond Tiara, an antique diamond tiara circa 1880, sold for $4.2m. As recounted in her 2002 book, My Love Affair with Jewelry, Elizabeth Taylor’s husband Mike Todd presented this antique diamond tiara to her, saying, “You are my queen.”
Christies Sells Liz Taylors Jewelry For Record 116 Million 2
Bvlgari emerald and diamond bracelet, sold for US$4m
Christies Sells Liz Taylors Jewelry For Record 116 Million 3
Bvlgari emerald and diamond pendant brooch, sold for $6.57m

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