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Actress Elizabeth Taylor is shown in costume for her character in the 1957 film Raintree County. - Provided courtesy of AP

Elizabeth Taylor's prized possessions to be auctioned

06/29/2011 by Olivia Allin

Elizabeth Taylor accumulated a lot of riches in her career and her jewelry, art, designer clothing and memorabilia will be put on the auction block in December, following a three-month international tour.

Christie's auction house announced on Wednesday that the actress' most prized possessions will go on tour in September, stopping in Moscow, London, Dubai, Geneva, Hong Kong and Los Angeles. The collection will then arrive in New York where an exhibition will take place from December 3-10. The auction will run from December 13-16, according to the Associated Press.

The Hollywood film legend died of congestive heart failure at age 79 on Wednesday, March 23, and was laid to rest a day later at a private memorial service at Forest Lawn Cemetery near Los Angeles. Taylor became as famous for her love affairs as she was for her movie roles in films like "Cleopatera" and "Who's Afraid of Virginia Wolf?" She was married eight times to seven husbands, including twice to Richard Burton.

A portion of the proceeds from the exhibition admissions and publications related to the sales will be donated to The Elizabeth Taylor AIDS Foundation, which she founded in 1993.

"This collection of her many cherished possessions will bring us closer to the essence of Elizabeth Taylor's unique spirit, and promises to inspire admiration, delight, and at times, sheer wonder, in all who come to see it," said Marc Porter, chairman and president of Christie's Americas.

In 2003, Taylor published the book "Elizabeth Taylor: My Love Affair with Jewelry." She had a collection of some of the world's most expensive stones.

Taylor's jewelry was reportedly worth more than $100 million at her death. Her estate was valued at anywhere from $500 million to $1 billion.

Taylor's first marriage was to Conrad "Nicky" Hilton in May 1950. The two divorced after nine months in January 1951. Taylor was also engaged to William Pawley, Jr. Pawley, the son of a wealthy American businessman and ambassador, who was recently revealed as her first fiancé. Over 60 love letters written by Taylor to Pawley were recently put up for auction.

The actress' Bel Air home was recently put on the market for $8.6 million. She had lived in the property from the 1980s until her death.

Taylor was known to the world over the years for her beauty and talent, her AIDS activism and philanthropic work, as well as her many marriages.

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