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Sources: Elizabeth Taylor's Jewels to Be Auctioned at Christie's

03/28/2011 at 02:30 PM ET

Elizabeth Taylor Jewlery
Forum Press/Rex USA

As the world continues to mourn the passing of Elizabeth Taylor, there is one question that comes to mind: What’s going to happen to those fabulous jewels? According to sources, the actress’s brilliant baubles — estimated in the past at $150 million collectively — are expected to be auctioned by Christie’s sometime in the future. (A Christie’s spokeswoman declined to comment.) Part of what makes her collection so special is its quality, according to Luxury Jewels of Beverly Hills President/CEO Peter Sedghi, who worked with the star on her House of Taylor jewelry line. “She had the most amazing eye,” he tells PEOPLE. “To be honest, she knew more than I did [about jewelry]. When you would show her stones, she would tell you the origin, if it’s good quality, bad quality, where it came from.” And though Taylor loved it all — colored stones, pearls — she had a special place in her heart for diamonds, Sedghi says. “She had a collection like I’ve never seen before, and she knew exactly what every one was — what the diamonds were, the quality. But it was more for her; it was … the history behind it. A lot of them had sentimental value.” Friend and celebrity jeweler Lorraine Schwartz says such sparklers were a natural part of Taylor’s history. “The studios, in order to make her happy, they’d always give her jewelry. So she grew up collecting it,” she explains. “People always gave her gifts … it was something that she learned to love.” And she took great care of them, too. “She [had] collections and collections, and rooms. She [knew] where every single piece was. [It was] amazing.” Of all her baubles — which included the 69-carat Taylor-Burton diamond (pictured, purchased for more than $1 million) — it was the 33-carat Krupp diamond, gifted to her by fifth husband Richard Burton, that she treasured most. But regardless of which jewels she preferred, she was always wearing at least one. In fact, Schwartz remembers receiving a phone call one morning in 2003 after Taylor had taken a fall. “She was like, ‘I don’t feel good, my hair is dirty but I’m wearing my bracelet,’” she recalls. “I mean, fabulous.” For more on Taylor’s life and legacy, pick up the latest issue of PEOPLE, on newsstands now.Reporting by Joanne Fowler, Lesley Messer and Michelle Tan

Elizabeth Taylor Jewlery

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Elizabeth Taylor Jewelry Collection Likely To Be Auctioned Off — Celebrity Goof on

[...] to a set that’s been valued at over $150 million? Sources tell People it will likely go to auction at Christie’s in New [...]

Elizabeth Taylor Jewelry Collection Likely To Be Auctioned Off « Hollywood Gossip Wire on

[...] to a set that’s been valued at over $150 million? Sources tell People it will likely go to auction at Christie’s in New [...]

Elizabeth Taylor's Jewels To Be Auctioned Off at Christie's | I Need My Fix on

[...] became quite an expert at gems according to President and CEO of Luxury Jewels of Beverly Hills Peter Sedghi: “She had the most amazing eye,” “To be honest, she knew more than I did [about jewelry]. [...]

Elizabeth Taylor Jewelry Collection Likely To Be Auctioned Off | My Blog on

[...] to a set that’s been valued at over $150 million? Sources tell People it will likely go to auction at Christie’s in New [...]

Elizabeth Taylor’s Jewelry Collection Going to Auction? | swiftturtle.net.in on

[...] at the age of 79, collected an estimated $150 million worth of rare jewels. Now, sources tell People that the actress’s jewelry collection is expected to be auctioned by Christie’s [...]

Swiss Sciences Nutrition » Blog Archive » Elizabeth Taylor’s Jewelry Collection Going to Auction? on

[...] at the age of 79, collected an estimated $150 million worth of rare jewels. Now, sources tell People that the actress’s jewelry collection is expected to be auctioned by Christie’s [...]

samantha on

Elizabeth was an extrodinary mother, actress, friend and woman!! She one of hollywoods brightest stars, and certainly the MOST beautiful!! many people have their lives to thank her for..her passion for saving people was incredible!! Her death marks an end of an era!!

samantha on

It’s sad that ‘Gwynneth’ and ‘Salvatore’ are such pathetic souls!! being that miserable is very sad..perhaps someday someone will say SOMETHING NICE about the two of you and you’ll be happy…

Styles in Fashion Fashion News Roundup: Chanel Employees Don’t Love Blake Lively, a Fake Gaga Causes a Stir in Miami, and Alexander Wang Does Menswear | Must Have Looks on

[...] Christie’s to Auction Off Elizabeth Taylor’s Precious Gems: A date for the auction has not been confirmed, but expect a treasure trove of jewels that is said to be worth over $150 million. {People StyleWatch} [...]

Elizabeth Taylor’s Jewelry Collection Might Be Auctioned | FashionisGreat on

[...] Sources: Elizabeth Taylor’s Jewels to Be Auctioned at Christie’s [StyleWatch/People] Related: A Tribute to Elizabeth Taylor: Fashion Icon [...]

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