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Sold! Elizabeth Taylor Jewelry Auction Fetches A Record-$115 Million

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Dec. 13 2011, Updated 10:00 a.m. ET

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By Radar Staff

Eighty gems, necklaces, earrings, pendants and rings that belonged to the late Elizabeth Taylor sold for more than $115 million collectively in a Christie's auction in Manhattan Tuesday, setting the world record for a private jewelry collection.

A Cartier pearl and diamond necklace the late Cat on a Hot Tin Roof star received from Richard Burton, who she married and divorced twice, was the highest-priced piece of the evening, selling for a staggering $11,842,500. Burton purchased the necklace at a 1969 auction for $37,000.

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A 33.19-carat diamond ring Burton gave her went for more than $8.8 million.

Christie's Americas head Marc Porter told the NY Post Tuesday's was "one of the most extraordinary auctions that Christie's has ever had, and a testament to the affection for Elizabeth Taylor worldwide."

Much of the proceeds from the auction will be forwarded to The Elizabeth Taylor AIDS Foundation.

Taylor died at Cedars-Sinai Medical Center in Los Angeles March 23 of congestive heart failure at 79. The Who's Afraid of Virginia Woolf? star is survived by daughters Maria Burton-Carson and Liza Todd-Tivey, sons Christopher and Michael Wilding, 10 grandchildren and four great-grandchildren.

More of Taylor's goods will be sold later this week, some online; Taylor's art collection will go on the block at a Christie's auction slated for February in London.

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