Elizabeth Taylor Jewelry Sale is the Most Valuable in Auction History
NEW YORK – Nothing could have topped Tuesday night’s $115.9 million jewelry auction of Elizabeth Taylor’s Legendary Jewels and no one expected that to happen. However, the second and final day of the jewelry sale, held Wednesday at Christie’s New York, fetched another exceptional result: $21.3 million.
The two days of marathon auctions achieved the combined total of more than $137.2 million, making it “not only the most valuable private collection of jewelry ever offered at auction, but also the most valuable sale of jewelry in auction history,” the auction house said Wednesday.
Again, 100 percent of the lots were sold during the eight-hour sale and no more than one item sold for its auction estimate.Sales 10 times the high estimate was the norm.Two items sold for more than $1 million.They are:
An antique garland-designed necklace with suspended natural and rose cut diamonds (pictured above) sold for nearly $1.5 million and was the top lot of the daylong session. The high estimate was $150,000.
The other was the most anticipated piece of the day, the Burton wedding bands. Two eternity bands, the first designed as a baguette-cut diamond eternity band, mounted in gold; the second designed as a circular-cut and single-cut diamond octagonal-shaped eternity band, mounted in white gold. The pair sold for just over $1 million after 15 minutes of intense bidding. The high estimate was $8,000.
“It took eight hours and three auctioneers to sell 190 more jewels from Elizabeth Taylor’s storied collection,” said François Curiel, international director of jewelry at Christie’s. “The atmosphere was electric from the very first to the last lot, with collectors from Asia, the Middle East, Europe and America chasing each individual jewel with a tenacity never seen before.”
She was stunningly beautiful indeed...May she RIP, I remember seeing pictures of her Violet eyes and just being amazed by the rare colored eyes she had!!