Elizabeth Taylor’s collection sets a world record for most valuable private collection of jewels sold at auction

Elizabeth Taylor has been a famed Hollywood siren who died at the age of 79 and had as much as seven husbands during her glamorous life. She is also known for her penchant for jewelry. A huge pearl which was once worn by European royalty and later came in the hands of Elizabeth Taylor was sold for a record price of $11.84 million at a blockbuster auction in New York. Hailed as “La Peregrina,” the pearl was bought for Taylor by her actor husband Richard Burton in 1969. The pearl now adorns a Cartier necklace and was sent to Christie’s where it was estimated to fetch $2-3 million. But the price touched new heights during the process of fierce bidding thus setting a new record or any pearl jewelry at auction. The Elizabeth Taylor Diamond, a 33.29 carat a cut-cornered rectangular-cut diamond set in platinum ring and given to her by Richard Burton in 1968 also stole the show. It was expected to fetch $2.5 million-$3.5 million but it finally went under the hammer for $8,818,500.

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Telegraph reports that, “The evening’s auction was expected to fetch $30 million. The hammer went down on a night that had accumulated $115,932,000 or £74,196,480.