Sun, 18 Dec 2011 09:40:21 GMT

Elizabeth Taylor charity auction generates USD 150 million



London, Dec 18 (PTI) Sale of artifacts which belonged to Hollywood legend Elizabeth Taylor has raised USD 150 million for the auction house Christie''s.

The four-day event in New York, ''The Elizabeth Taylor Collection'' saw some of her most prized possessions being sold, reported Daily Mail.

Some of the main items that were sold were a leather-bound film script for ''The National Velvet'' that went for 50 times its estimate, at USD 170,000 and one of her necklaces which featured a 16th century pearl, which went for a record USD 11.8 million.

Other artifacts sold included haute couture, memorabilia, furniture and various other forms of jewellery. This is no surprise considering that the Hollywood star was famous for her love of emeralds and diamonds.

Marc Porter, chairman of Christie''s stated that the response towards the sales were "nothing short of overwhelming with multiple bidders competing for every lot".

Part of the money raised will be going towards The Elizabeth Taylor Aids Foundation, which the actress set up herself in 1991.

The auction also has around 1000 further items which will appear on an online auction. Even though the ''Cleopatra'' star died in March this year, aged 79, this auction shows that Taylor''s legendary status still lives on.

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