Liz Taylor's jewels fetch record $118m

   Dec 14, 6:17 pm

Washington, Dec 14 (ANI): Elizabeth Taylor's jewelry collection set a new world record on Tuesday after selling for 118 million dollars at an auction.

Buyers from around the world phoned in to bid on the late actress' jewels, with several items selling for 10 times their estimated value.

One collector paid 600,000 dollars for a diamond and sapphire ring given to the star by Michael Jackson, while the 33.29-carat Elizabeth Taylor Diamond, a present from Richard Burton, sold for 8.8 million dollars.

The world famous La Peregrina necklace - a diamond and ruby rope with a 16th century pearl pendant - pulled in 11.8 million dollars, prompting a chorus of applause at Christie's auction house in New York.

The auction was expected to fetch 30 million dollars but a new world record was set after 115.9 million dollars was raised.

"This is without a doubt the greatest private collection of jewelery ever assembled in one place," Contactmusic quoted Marc Porter, chairman and president of Christie's America as saying.

A portion of profits from the sale is to be donated to the Elizabeth Taylor Aids Foundation. (ANI)

Iconic 'Doctor Zhivago' star Omar Sharif suffering from Alzheimer's disease May 24, 1:50 pm
Washington, May 24 (ANI): The 'Lawrence of Arabia' star Omar Sharif's son Tarek Sharif has revealed that his father is suffering from Alzheimer's disease.
Full Story
Myleene Klass 'happy' post ending year-old relationship with beau May 24, 1:50 pm
London, May 24 (ANI): Myleene Klass is single again after ending the one-year-relationship with her boyfriend, it has been revealed.
Full Story
Ed Sheeran planning a year-long sabbatical to `live a bit` May 24, 1:10 pm
London, May 24 (ANI): Ed Sheeran has recently confessed that he needs to take 12 months off to recuperate as his success has been exhausting.
Full Story
Kimye to relive the `best time` of their lives one more time May 24, 1:10 pm
Washington, May 24 (ANI): Honouring their first wedding anniversary, Kanye West and Kim Kardashian are all set to relive the best time of their lives by exchanging vows once again at the Eiffel Tower.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY