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Elizabeth Taylor's Jewelry Fetches Big Bucks at Auction

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Dec. 14 2011, Published 3:46 p.m. ET

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Although iconic Elizabeth Taylor passed away in March at 79, her legacy, not to mention jewelry, will live forever. Her elaborate jewelry collection fetched $115 million at Christie's which included more than $11.8 million for a pearl necklace!

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According to The Washington Times, the 33.19 carat diamond ring ex-husband Richard Burton gave her brought in $8.8 million. It was purchased by a private buyer in Asia.OK! NEWS: ELIZABETH TAYLOR TWITTER TRIBUTE — KARDASHIANS LEAD CELEBS IN HONORING THE ICONThe legendary pearl, diamond and ruby necklace was purchased at auction for $37,000 in 1969 by Richard and was estimated to rake in between two and three million dollars. Well, the final bid of nearly $12 million certainly left jaws dropping!Part of the proceeds from the Cleopatra actress' collection will go to the Elizabeth Taylor AIDS Foundation. 

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