Liz Taylor Couture Auction Sets Fashion Record

The record-breaking $115 million realized for Elizabeth Taylor’s famous jewels didn’t come as much as a surprise as the prices realized for her clothing. All of the 67 lots sold, most beating their high estimates and raising $2.6 million for Taylor’s AIDS foundation (10 times the estimated total.)

Left to right: The Gina Fratini wedding gown, the Versace jacket and the Christian Dior evening gown.

The priciest item was a 1968 Christian Dior gown of beaded silver brocade with a matching purse. It had an estimate of $6,000 but fetched a whopping $362,500. Two other items soared past the $100,000 mark: a Chanel ball gown and cape with shoes and matching bag ($134,500) and a Gianni Versace bolero jacket, beaded with portraits of Taylor in her famous roles ($128,500). Other highlights included the Gina Fratini dress she wore at her second wedding to Burton in 1975 ($62,500), the embroidered robe from “Cleopatra” by costume designer Irene Sharaff ($62,500) and a black velvet “Scorpio” cape by Tiziani that she wore to Princess Grace’s “Scorpio” ball in 1969 ($60,000.) Even Kim Kardashian couldn’t resist Liz-mania, purchasing three diamond bangles for $65,000.

Liz Taylor in the Tiziani "Scorpio" cape she wore to Princess Grace's 40th birthday party in Monaco, November 15, 1969.

 

Legendary fashion leader/industry consultant Fern Mallis, who attended the auction, said, “Vintage clothing is like buying art these days. It will only increase in value.” This is true not just of vintage clothing associated with celebrities, but all collectible vintage items (like the 60s guitar purse featured on Chelsea-Girl.com right now.)

This is what I would have bid on: Liz Taylor's incredible kaftan collection.

About Chelsea Girl Vintage

ELISA CASAS (that's me) was born and raised in New York City. I have a BFA in Photography from NYU and worked as a photojournalist and talent scout for major record labels before opening Chelsea Girl in 1993. I also owned Laurel Canyon Vintage, Clutch! and a popular cafe, City Girl Cafe. I star in the groundbreaking Sundance series, “Girls Who Like Boys Who Like Boys” with my best friend, David Munk.
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