Crown Jewels of Hollywood auction sets world record

The Elizabeth Taylor Collection, so-called “Crown Jewels of Hollywood“, were auctioned at Christie’s on 13th of December for prices that exceeded all estimates and expectations. The sale hadn’t even finished before it set the world record for most valuable sold at auction.

“This is without a doubt the greatest private collection of jewellery ever assembled in one place,” said Marc Porter, chairman and president of Christie’s Americas.

The La Peregrina necklace – a diamond, ruby and pearl rope with a 16th century pear-shaped pearl pendant, thought to be one of the finest pearls in the world – fetched $11,842,500 (£7,579,200). There was a round of applause. The mood turned jovial, the auctioneers were clearly enjoying themselves. The number of zeros after
each winning bid started to become a blur, says the telegraph.