16 January 2012
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Elizabeth Taylor’s jewellery fetches $115 million at Christie's
The jewellery collection of the late Hollywood actress Elizabeth Taylor has sold for a record-setting $115 million at a recent Christie’s auction. ...
The jewellery collection of the late Hollywood actress Elizabeth Taylor has sold for a record-setting $115 million at a recent Christie’s auction.
The sale included the famous piece of jewellery known as ‘La Peregrina’, a pearl, diamond and ruby necklace that managed to shatter its $2m-3m estimate by achieving a world record price of $11,842,500.
The necklace was bought for Taylor by her then husband, Richard Burton, who purchased it at auction in 1969 for $37,000 – a 32,000% increase in sale price in just over 40 years.
Other key performers in the sale included a Bulgari emerald and diamond necklace, which sold for $6.1m against a pre-sale estimate of $1m-1.5m, and a matching Bulgari brooch, which achieved $6.6m over an estimate of $700,000.
Elsewhere, a diamond bracelet given to Taylor by the late Michael Jackson sold for $194,500. All prices include the buyer’s premium.