Elizabeth Taylor's Jewelry Goes to Auction in Hong Kong

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And also up for auction next month are jewelry, clothing and art belonging to the late actress Elizabeth Taylor. The items are valued at around 30-50 million dollars.

Some of the prized possessions of the late actress Elizabeth Taylor are on display in Hong Kong before being put up at auction next month at Christie's auction house. These will include fine couture, fine art and memorabilia.

The displays follow Taylor's death this past March.

Some 269 diamonds, pearls, rubies, rings, necklaces and even a tiara will be sold. Some of the most valuable and legendary pieces are tied to Taylor's many high-profile relationships. It's all a bit glamorous.

[Jonathan Rendell, Deputy Chairman, Christie's New York/Paris]:
"So there are amazing emeralds, for example, from Richard Burton, fantastic yellow diamonds from Eddie Fisher. And then a very touching ruby set from Mike Todd that when he gave it to her, they were by the swimming pool in the South of France, she put on the rubies, the necklace, the bracelet, the earrings, went swimming."

Taylor's estate was valued at anywhere from $500 million to $1 billion at the time of her death from congestive heart failure on March 23. She was 79.

In keeping with Taylor's humanitarian work, a portion of the proceeds from exhibitions, events and publications related to the auction will be donated to The Elizabeth Taylor AIDS Foundation, which the actress founded in 1991.

[Jonathan Rendell, Deputy Chairman, Christie's New York/Paris]:
"The jewelry, in jewelry terms, is valued somewhere fairly conservatively between 30 to 50 million US dollars. But we don't take into account the Elizabeth Taylor factor. It doesn't get much more glamorous than Elizabeth Taylor's jewelry."

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