The auction of Taylor'sjewelry breaks sales records.
The estimates, which proved to be laughably, almost perversely low, were apparently derived only from the intrinsic value of the metals and minerals involved. The crucial but impossible-to-quantify factor of stardust was not included in the equation.
Proving that the extravagantly rich are not immune to the charms of secondhand celebrity, the bidding maintained a giddy pace through the night. To cite just one memorable example, the famous La Peregrina pearl, dangling from a necklace of pearls, diamonds and rubies by Cartier, caused ripples of murmurs and applause when it sold for $11.8 million, almost four times the estimate of $3 million.
Among buyers, there also will be those who just want to own, and wear, a piece of history. Reality TV star Kim Kardashian said she paid $64,900 for three jade bracelets, telling InStyle.com, "I believe they carry her spirit".
Meanwhile, during last night’s couture and art portion of the auction, a signed Warhol print of Taylor went for a whopping $662,500 after a spirited bidding war. It had been estimated to sell for about $50,000.
Elizabeth Taylor, RIP
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