Elizabeth Taylor auction sets records

Associated Press
FILE - This Sept. 1, 2001, file photo shows Elizabeth Taylor's "La Peregrina,"  an early 16th century pearl, ruby and diamond necklace by Cartier, that was gift from Richard Burton to Elizabeth Taylor, at Christie's, in New York. A pearl known as "La Peregrina" purchased at auction for $37,000 in 1969 by Burton for Taylor reached the world record price Tuesday Dec. 13, 2011 of $11,842,500. It was estimated to sell for $2 million to $3 million.  (AP Photo/Richard Drew, File)

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The allure of owning a piece of Elizabeth Taylor's glamour drove prices sky high at a 2011 auction of the Hollywood legend's haute couture and jewelry.

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