The Elizabeth Taylor Auctions: What the Stars Bought

12/16/2011 at 01:30 PM ET

Elizabeth Taylor Krupp Diamond
Express Newspapers/Hulton Archive/Getty

Her jewelry auction shattered records with nearly $116 million in sales, but who actually came to Christie’s New York and purchased the pricey gems Elizabeth Taylor once owned?

Taylor admirer Kim Kardashian scored three Lorraine Schwartz bangles, shelling out $64,900 for the jade bracelets. “It’s not just a piece of jewelry,” she told InStyle.com. “She wore them constantly during the final years of her life and I believe they carry her spirit.”

Coincidentally, Schwartz herself scooped up a diamond fringe bracelet Taylor purchased from her nearly 10 years ago. “I was wearing it for her [70th birthday] party at the Bel-Air Hotel,” Schwartz recalled on her Facebook page, “and she kept calling me over to look at it and to try it on.” The next morning, the jeweler got a call from the movie star, who said, “I know who’s buying that bracelet for my birthday … I’m buying it!”

Schwartz also won a pair of earrings Taylor’s third husband, Michael Todd, created just for her. “The earrings were once made from paste, but she loved them so much that Michael Todd surprised her and made them real,” Schwartz wrote. “During the auction I could feel her saying to me, ‘Buy them, they’re my favorite.’ I feel like I have a part of her with me forever.”

Some of Taylor’s larger baubles ended up selling to companies. The 33.19-carat Krupp Diamond (above), a gift from Richard Burton, reportedly went for $8.8 million to Daniel Pang, a representative of Korean hotel conglomerate E-Land, which plans to display the treasure at its E-World theme park in Daegu, according to the AFP. The heart-shaped Taj Mahal diamond went to a private buyer for $8.8 million, as well. And according to the New York Post, Bulgari anonymously bought back a staggering $20 million worth of jewels, including a 52.72-carat sapphire-and-diamond sautoir for $5.9 million and an emerald-and-diamond necklace for $6.1 million.

The auction drew quite the stylish crowd, too; Michael Kors, Nina Garcia and Jennifer Tilly were spotted at Christie’s Tuesday evening, and Sofia Coppola, Anna Sui and Jill Zarin perused the Haute Couture sales on Wednesday and Thursday.

Following Wednesday’s couture sale, supermodel Coco Rocha walked away with Taylor’s yellow-and-pink 1980s Givenchy jumpsuit. “I was amazed that I actually won,” she told Style.com on the way out. “Everyone has been asking what I am going to do with it — I am going to wear it. Right now, I’m thinking next year’s Costume Institute Ball would be perfect.”

–Kate Hogan, with reporting by K.C. Baker and Liz McNeil

LOOK BACK AT ELIZABETH TAYLOR’S FABULOUS FASHION AND JEWELS

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Showing 42 comments

JUDI on

DO YOU PEOPLE REALIZE HOW MANY CHILDREN THAT MONEY WOULD FEED IN AMERICA JUST SO YOU CAN HAVE SOMETHING THAT BELONGED TO LIZ.

AJ on

So does people just make up articles so they can put Kim Kardashian’s name in them? This didn’t tell me any stars.

Cutter on

Very sad that she was a big supporter of lots of causes, especially AIDS…. always asking people to donate money to find a cure, when she could have sold a few of those “baubles” and donated the money to find a cure. In the one paragraph that lists the prices that the pieces sold for.. it totals way over 20 million dollars. That money would have went far, for ANY cause.

nacho mamma on

Kim K. can wear the bracelt forever, she will never have the class that Ms. Taylor had! or the talent!

Jeanine on

She donated well over 20 million dollars in her lifetime, I think it was her right to keep every piece of that she had and she didn’t have to sell it for charity! She worked hard her whole life like most people do and if they want to spend a little on themselves and not give ever sent away they can do that….I am sure they do donate we just don’t hear about it!

Connie on

@Cutter: the whole point of the auction is that a huge chunk of the proceeds are going to charity. maybe you should learn a little before you open your mouth.

Julia on

That money could have fed and saved soo many children s lives who need it. People are heartless and clueless.

Winter on

Cutter…the moneyu IS going to her beloved AIDS foundation. If anyone might be upset, it might be her children or extended family who are missing out on inherited millions, but it shouldn’t be you that is upset about where the money is going!

ps on

Kim K could buy herself a husband so she bought some bangles

KL on

“Taylor died last March, and a bulk of the proceeds from the auction will benefit her 20-year-old Elizabeth Taylor AIDS Foundation. ”
@ the post regarding the amount of money that could have helped others-What good news, looks like it did!

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