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"   La Peregrina, the 50.6 carat pearl that sold for $11.8 million.  Last night, Christie&amp;#039;s held part one of their Elizabeth Taylor auction, selling off her extensive jewelry collection in New York City. In total, the jewels sold for $116 million, more than twice that of any other private jewelry collection. Taylor wrote in her book, My Love Affair With Jewelry, &amp;quot;I never, never thought of my jewelery as trophies. I&amp;#039;m here to take care of them and to love them. When I die and they go off to auction I hope whoever buys them gives them a really good home.&amp;quot; If nothing else, their homes will be lavish. The first item up for sale was a gold charm bracelet that sold for more than 13 times its estimated worth, a trend that continued as Cartier necklaces went for 20 times their worth and Bulgari bracelets eighteen. As Constance Francesca Gabor Hilton, Zsa Zsa Gabor&amp;#039;s daughter, told The Telegraph, &amp;quot;If you&amp;#039;ve got money, why not?&amp;quot; The 33.29 carat diamond ring that Richard Burton gave Taylor in 1968\u2014and that she wore almost daily\u2014fetched $8.8 million, but it was La Peregrina, a 50.6 carat drop-shaped pearl hailing from a line of Spanish kings that Burton bought for $37,000 in 1969 that earned the highest bid: $11.8 million. The auctions will continue today with more jewels and Taylor&amp;#039;s collection of haute couture. "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.elle.com/fashion/accessories/news/a7943/elizabeth-taylor-auction-sets-world-record-33994/?src=global_footer>