Liz Taylor's jewels, fashion set for December auctions

Wed Jun 29, 2011 11:18am EDT
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By Chris Michaud

NEW YORK (Reuters Life!) - Actress Elizabeth Taylor's renowned collection of jewelry, works of art, fashion and memorabilia will be sold in a series of auctions starting in December, Christie's said on Wednesday.

Taylor, one of the last great stars from Hollywood's heyday who was known as much for her beauty, love of diamonds, eight marriages and work as an AIDS activist as her films, died of congestive heart failure in Los Angeles on March 23 at age 79.

Christie's said it will devote all its Rockefeller Center headquarters gallery space to an unprecedented, monumental 10-day exhibition of her collection beginning on December 3.

Before the sale a three-month worldwide tour of Taylor's jewelry, fashion, accessories, decorative arts and memorabilia will kick off in September, with stops in Moscow, London, Los Angeles, Dubai, Geneva, Paris, and Hong Kong.

Marc Porter, Christie's Americas chairman and president, said the exhibitions would provide "a window into the world of a true icon, a rare woman who was at once an international film and fashion star, loving mother, successful businesswoman, and generous humanitarian."

In keeping with Taylor's humanitarian work a portion of the proceeds from the exhibition admissions, events and publications related to the sales will be donated to The Elizabeth Taylor AIDS Foundation, which the actress founded in 1991.

Christie's did not release details on specific items in the auction or estimates of what they would fetch but past sales of collections of other famous people have sold for many millions.

Jacqueline Kennedy Onassis' estate fetched $35 million at Sotheby's in 1993, while a nine-day sale of property from the Duke and Duchess of Windsor soared to nearly $25 million.   Continued...

<p>Actress Elizabeth Taylor is shown in this undated handout photo. REUTERS/MPTV Images/handout</p>