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Thursday, December 15, 2011

ICONIC: Liz Taylor's Wardrobe, Warhol Fetch Huge $2.6M!

The record-breaking auction of Elizabeth Taylor's gems was followed by the record-breaking sale of part of her wardrobe, in bidding that proved to be just as fierce and racked up a staggering $2.6 million. All 67 lots, including designer gowns, feathery capes, and the wedding dress she wore for her second marriage to Richard Burton, were sold at the Christie's auction; some items fetched more than 60 times the auction house's estimates, Bloomberg reports.

Included in the auction was a 1964 Andy Warhol lithograph of the star, inscribed "To Elizabeth, with much love." It sold for $662,500, more than 10 times Christie's estimate. "To own a piece worn by Elizabeth Taylor, the last of the glamorous, great movie stars, is priceless,” said a fashion industry consultant who attended the sale. “There are people who buy it as collectors. Vintage clothing is like buying art these days, it will only increase in value."

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