Elizabeth Taylor's Jewelry Auction Breaks Records!

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.]

Tags: christies, elizabeth taylor, elizabeth taylor diamond, elizabeth taylor jewelry auction, elizabeth taylor jewelry collection, la peregrina, taj majal ruby, world record