The Elizabeth Taylor Auction

My sister and I recently had a girls' get away in New York City. The main reason for being there: to check out Elizabeth Taylor's jewelry and accessories prior to the Christie's auction. With our 11:30 AM-timed tickets in hand, we made our way to Christie's at Rockefeller Plaza and got in line behind people of all ages, including a couple of those weird women who thought they looked like Liz when they were younger, but who are now in their late 70's, and guess what  girls: bouffants and black eyeliner just doesn't work for you like it did back in the 50's.

We entered and were teased with the first exhibit: a display of the jewelry boxes her baubles came in. Red Cartier box after red Cartier box on tables and shelves, most labeled with white tape indicating what came inside. There was even the box with the formed indentation of the famous La Peregrina Pearl necklace.  I was excited about the forthcoming jewels...I couldn't wait to see the pearl, the rubies, the diamonds.

Christie's recreated Taylor's room where she kept her jewelry. She was well-organized, keeping the baubles in their original boxes and making sure those that were gifted had their name on the box.

However, what was next was Caftanville. I don't care if they were Dior, YSL or Valentino; it was really a lot of schmattas for one person to own for godsake. This told me Liz languished in her fat phase for an excessive number of fashion cycles.

 

Wasting Away In Caftanville Looking For My Lost Shaker Of Salt...

Next we came upon the handbag room. With only one window for viewing, a logjam was created by all of us trying to see the bags from Chanel, Louis, and Hermes. Of course, no real exhibit like this would be complete without your designated rude bitches, and they were located right here.  Refusing to budge, and not allowing anyone else to see what was inside the handbag vault, their hands and noses were pressed on the glass like they were visiting their Uncle Nunzio, a death row prisoner, right on the other side. One turned to me and said, "you're just gonna have to go around me cause I'm cataloging everyone of these handbags,"like I dare you to get in front of me. Even the friend  accompanying her tried to pull her away, telling her they should come back later. I told her Christie's has already done the cataloging for you--that's why you buy the book at the beginning of the exhibit.  (Obviously her first auction preview). 

The Get Outta My Way Bitch Handbag Room...a replica of Liz's actual accessories room.

Next was furniture, art, and some jewels, but nothing fantastic. Especially not fantastic were the many tacky gems Michael Jackson gave her. It appeared Liz wallowed in the Michael Jackson sequined 80's era for a while. Most of the gifts Jackson gave her were gaudy and cheap looking. Also on display was her Versace-sequined "Faces" jacket, featuring a version of her face in one of her many movie roles.  Estimated to fetch anywhere from $15,000-$20,000, I think it's just awful looking, and I loved the 80's.

Michael Jackson gave Elizabeth Taylor the "Monkey Necklace".

If Liz only knew about Purple Heart.

But where is the Taylor-Burton diamond? When was I going to see the pearl?  I knew they were saving the best for last as we approached the steps that led to a room that was emanating vibrating, sparkle space rays from the ceiling.  Inside this room was case after case of the most incredible jewels: diamonds, rubies, sapphires, emeralds and pearls. They were all in there, the Taylor-Burton diamond (sold for $8.8 million to a South Korean hotel conglomerate who plans on exhibiting the ring in their hotels); the Cartier tiara Mike Todd gave her (sold for $4.2 million), along with the chandelier earrings she initially owned in paste and Todd later had made in real stones; and the emerald and diamond Bulgari suite Richard Burton started buying for her when they were filming Cleopatra in the early 60's. How romantic and fun it must have been to be Dick and Liz then, walking into Bulgari in Rome and buying even one gem like that, let alone ultimately the entire suite (which fetched almost $25 million - reportedly purchased back by Bulgari). The La Peregrina Pearl - who will own this important piece of history?  (sold for $11.8 million). The Bulgari sapphire saurtoir ($5.9 million) and Trombino ring? One could see that Liz didn't buy too many pieces herself. Most were given as gifts from admirers, serious and otherwise. 

This was definitely an exhibit of conspicuous consumption. I don't think celebrities live like this anymore - it's a bygone era.  I'm not sure what celebrities do with their money today, but it seems few flaunt it like Liz did. However, her fortune wasn't really earned through acting. Some agree she wasn't a great actress and earned her Oscars through sympathy, and the majority of her jewels were given as gifts. Maybe that's why she chose to auction them and not pass them on to her children. She truly believed she was just a guardian of the gems - never the real owner.

Elizabeth Taylor and Richard Burton-Can't Live With Him, Can't Live Without Him

I liked them best old, drunk and nasty.

We're all familiar with the tempestuous marriages of Elizabeth Taylor and Richard Burton so I won't bore you with their legendary stories.  Sigh...we just don't hear those kinds of tales about today's celebrities. We're much more interested in news of recent plastic surgery, like Meg Ryan's jaw dropping corrective face lift...it's about time she noticed how weird she looked.  Or how scary skinny Kelly Ripa (who looks like she can't wait to throw up in the nearest toilet so she can get rid of that forkful of food she is allowing herself  just because she's being photographed) is.

Meg Ryan as the Joker on the left.  Today, post Joker surgery.

Gag...Ripa looks like a little boy but eats like an anorexic.

Taylor and Burton adored, hated, adored and hated each other. I believe they shared a unique passion for love and life, however, when you have sombrero sized egos, only one can fit in a room. Between both marriages, Burton bejeweled Taylor with some of the most important gems in the world...ever. There are so many...here are the best of them.

The Grand Duchess Vladimir suite started off with the amazing emerald and diamond brooch Liz is wearing.  Burton and Taylor met in the early 60's on the set of Cleopatra. Their love affair caused so much gossip back then you would have thought they were filming porn.  As it was, Liz only showed a little cleavage in the movie. 

Burton built upon the Bulgari Grand Duchess Vladimir Suite in the early 60's when he added this magnificent Bulgari emerald and diamond necklace. Then, he went jewelry crazy.  The necklace pre-auction estimate: $1,000,000-$1,500,000; the pendant: $500,000-$700,000; the ring: $600,000-$800,000; and the earrings: $150,000-$200,000.

 

Burton said the only Italian word Liz new was "Bulgari".  I know a few curse words.

What happens to us?

Tiffany's, Jean Schlumberger, "Night of the Iguana" brooch, 1964.  Estimated pre-auction value $200,00-$300,000.

The Taylor-Burton Diamond, a 69.42 carat, D-IF, pear shaped stone, was purchased by Burton in 1967 from Cartier for $1.1 million.  The stone was quickly re-set into the more frequently seen cleavage necklace Liz dangled between her bubbies, because even Liz thought it was too big to wear as a ring.  In 1978, Taylor sold the stone for $3,000,000, two years after the end of her second marriage to Burton, in part to help fund a school in Botswanna (and is said to have later regretted selling it).  Today, the stone is reported to be in the hands of Lebanese diamond dealer, Robert Mouawad, who paid in the neighborhood of $5,000,000 for it and then had the stone re-cut to a more manageable 68.09 carats. This will not be in the Christie's auction.

The Krupp Diamond (now known as the Elizabeth Taylor Diamond), 33.19 carats, D- VS1, a gift from Burton in 1968 (purchase price then, $305,000).  Previously owned by Nazi sympathizer, Alfried Krupp, Taylor thought it funny a little Jewish girl like her wound up with the diamond.  She wore it almost every day of her life.  Estimated pre-auction value of $2,500,000-$3,500,000.

A close-up of "this old thang".

La Peregrina pearl.  Burton gave Taylor this historical bird's egg pearl in 1961.  It was once owned by Queen Mary I.  Extra necklace sparkly parts courtesy of Cartier.  Estimated pre-auction value of $2,000,000-$3,000,000.

The "Granny Suite".  Burton gave this Van Cleef and Arpels suite to Taylor in honor of her first grandchild at age 39, born in 1971.  Estimated pre-auction value of the necklace is $120,000-$180,000.

Van Cleef and Arpels "Granny" earrings.  Estimated pre-auction value of $25,000-$35,000.

The main component of the Bulgari sautoir is a 52.72 carat sugarloaf Burmese sapphire.  Burton gave this to Taylor in 1972 for her 40th birthday. 

Bulgari sapphire and diamond ring was added later.  Pre-auction value of $600,000.

The Taj Mahal diamond circa 1627.  This historically significant diamond was once owned by the man who built it.  Another outstanding gift given to Taylor by Burton for her 40th birthday in 1972.  Estimated pre-auction value of $300,000-$500,000

It will be a once in a lifetime opportunity for those lucky enough to view Taylor's jewel collection while on tour this fall.  The proceeds of the sale, some of which will benefit the Elizabeth Taylor AIDS Foundation, will leave a legacy for generations to come. Initial estimates of her collection are around $30,000,000 but experts believe it will be triple that, or more. I just can't believe her children, especially her daughters, are not lusting after at least one of the important gems in her collection - just to remember her by.