Spencer Platt / Getty Images

Christie's auction house employees speak on the phone to bidders under pictures of Elizabeth Taylor at Christie's, where hundreds of items once belonging to the iconic actress have gone on the auction block on Dec. 14, 2011 in New York City. Taylor's jewelry collection, much of it given to her by Richard Burton, brought in a record-setting $115 million including more than $11.8 million for a pearl necklace. Sales of Taylor's clothing, art and other memorabilia are currently being held. Part of the proceeds from the auction will go to The Elizabeth Taylor AIDS Foundation.

$116 million auction of Liz Taylor jewels breaks record

By Rich Shulman

I really like the way Spencer Platt framed this image.

Reuters reports:

NEW YORK — An auction of actress Elizabeth Taylor's world-renowned jewels took in $116 million, more than double the record for a single collection, and set new marks for pearls, colorless diamonds and Indian jewels.

Christie's sale of 80 items from Taylor's collection on Tuesday had been estimated to raise about $20 million. But everything from her famous 33-carat diamond ring, a gift from Richard Burton, to her charm bracelets sold for many times their estimates.

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