Friday, January 6, 2012

Final Taylor tally: $156.8M worth of "magic"

Sale of the century? Given the gap between the $156.8 million Elizabeth Taylor jewelry sale total and the second highest-grossing private collection, the $50.3 million Duchess of Windsor sale that took place in 1987, it’s not difficult to conceive that the Taylor auction was a once-in-a-lifetime event.

“I think it changes the market,” said Beth Anne Bonanno, who now runs her own jewelry consulting firm and previously spent 10 years working with estate and antique jewelry at Siegelson. “I think it’s going to be great for jewelry sales for a while. It boosts everybody’s desire for jewelry.”

She said it also creates an interesting proposition down the road for the purchasers who paid such high prices for the pieces, which are not likely to re-emerge on the market for some time.
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