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Elizabeth Taylor's Jewelry Auction Breaks Records!

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Elizabeth Taylor's jewelry collection was auctioned off at Christie's on Tuesday night and to no ones surprise it fetched nearly four times more than expected.

A total of 80 lots were auctioned off for $116 million, setting a world record for a private collection of jewelry — and that's just the beginning.

La Peregrina was estimated to sell between $2-3 million, but ended up going for a whopping $11.8 million, the most for a pearl jewel. Also smashing records was Taylor's Taj Mahal ruby and gold chain. It sold for $8,818,500 and set the world record for an Indian jewel.

Even though it wasn't a record breaker, Liz's infamous 33.29 carat Elizabeth Taylor Diamond, went for a pretty penny — $8,818,500.

Dayum.

But as high as those prices may be, a portion of the $116 million will be donated to The Elizabeth Taylor AIDS Foundation.

Liz would be proud!

[Image via WENN.]

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