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AUCTIONS Elizabeth Taylor’s Jewelry Sets Record Terry O'Neill / Getty Images

Elizabeth Taylor’s Jewelry Sets Record

A collection of Elizabeth Taylor’s jewelry sold for $116 million at a Christie’s auction—more than double the record for a collection. Pieces included a necklace featuring “La Peregrina,” a 16th century pearl once painted by Velazquez, owned by Mary Tudor, and purchased by Richard Burton as a gift for Taylor for $37,000 in 1969. It sold for $11.8 million, well above the $2 to 3 million that was expected. Also included was Taylor’s famous 33.19 karat diamond ring from Burton, which sold for $8.8 million.

December 14, 2011 7:11 AM