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Peter O'Toole, Dead At 81

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Dec. 15 2013, Updated 2:10 p.m. ET

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Hollywood icon Peter O'Toole has died.

O'Toole earned eight Oscar nominations for such film classics as Lawrence of Arabia, The Lion in Winter and My Favorite Year.  He never took home the acting honor but was given the Honorary Academy Award in 2003.

Born in County Galway, Ireland, he lived most of his life in London where he often appeared on stage.

In his younger days, he was also a legendary partier with his acting pals Richard Burton  and Richard Harris.

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O'Toole announced last year that he was retiring from acting, and died in a London hospital after a long illness.

"Ireland, and the world, has lost one of the giants of film and theatre," said the country's president Michael Higgins.

O'Toole was 81 years old.

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