Sunday, December 18, 2011

Follow-up to Liz Taylor's Christie's Auction

Elizabeth Taylor Christie's auction fetches $150m

A four-day New York auction of the belongings of Hollywood star Elizabeth Taylor has fetched more than $150million, with one leather-bound film script selling for 50 times its estimate. The late actor's script of The National Velvet, her first big film, sold for $170,000 at the Christie's auction.

Earlier in the week, one of her necklaces featuring a 16th Century pearl sold for a record $11.8m. Christie's chairman Marc Porter described the response to the sale as "nothing short of overwhelming with multiple bidders competing for every lot". Part of the proceeds will go to The Elizabeth Taylor Aids Foundation, which she established in 1991.

 The "Collection of Elizabeth Taylor" auction concluded on Friday night after four days of sales of jewellery, haute couture, furniture and memorabilia. An online-only auction of some 1,000 items from the actress's estate finishes later on Saturday.

The Hollywood legend was renowned for her love of diamonds and emeralds - and received many as gifts from her twice husband Richard Burton.

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