Elizabeth Taylor Jewelry Gets Record Prices at Auction

Elizabeth Taylor Jewelry Gets Record Prices at Auction

Nine months after Elizabeth Taylor's death, her jewels have fetched a record-shattering $115 million and counting at auction.

The well-heeled crowd at Christie's auction house in New York was buzzing as bids skyrocketed Tuesday and Wednesday. Some of the bids came in over the phone from high-rollers across the globe.

David Beckham was rumored to be on the other line of one of those calls, looking for a present for wife Victoria. Ponytailed models in black sheath dresses showed off the gems.

The night's biggest seller was a pearl, diamond, and ruby necklace known as "La Peregrina," given to Taylor by her great love, Richard Burton. It sold for $11,842,500.

Another gift from Burton, a 33-carat ring, sold for $8,818,500.

There are also several gifts from dear friend, Michael Jackson.

Taylor was a legendary jewelry lover. The audience chuckled as it watched this never-before-seen home video of Taylor herself bidding on a gem over the phone.

On the video Taylor said, "Darling, it sounds like things that are really desirable are going to go for ten times what expected, right?"

"That's the way it looks," said the person on the other end of the call.

"Holy cow!" said Taylor.