The auctions of The Collection of Elizabeth Taylor at Christie’s New York from December 3-17 realized a combined total of $156,756,576 with every single item sold, the auctioneer reported.
The sale drew interest from bidders throughout the world, who gathered in Christie’s flagship Rockefeller Center saleroom to compete in person, on the phone, on-line and by absentee bid to win one of the Collection’s 1,778 lots of jewellery, fashion, decorative arts and film memorabilia.
The total far exceeded Christie’s pre-sale expectations for the sale as a whole and for individual items, which were frequently sold for five, 10, or even 50 times their estimate in some cases.
The collection generated intense interest from bidders throughout the world, with 36 different countries represented during the four days of live auctions. The historic sale set a world record for the most valuable sale of jewellery in auction history, and set a new bar for the most valuable collection of fashion ever offered at auction.
It also marked the company’s first-ever online-only sale, which ran in parallel to the live auctions at Christie’s New York and generated over 57,000 bids and $9.5 million in additional sales. In total, 26 items sold for over the $1 million mark, and numerous new world auction records were achieved.
All sales proceeds will be directed to the Elizabeth Taylor Trust. A portion of the profits generated by sales of exhibition tickets, event sponsorships and the ongoing sales of select publications will be donated to The Elizabeth Taylor AIDS Foundation (ETAF). An estimated 58,000 visitors viewed highlights from the Collection since September, when Christie’s launched an eight-city global exhibition and tour that reached Moscow, London, Los Angeles, Dubai, Paris, Geneva and Hong Kong.
Antwerp Facets News Service