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Elizabeth National Velvet

January 7, 2012 by staff 

Elizabeth National VelvetElizabeth National Velvet, Elizabeth Taylor’s script for the movie National Velvet – which made her a star at age 12 – sold for more than 50 times its estimate today as the New York auction of the actress’s jewels, clothes, art and memorabilia neared its close.

Christie’s auctioneers said the 1944 National Velvet script, bound in lilac leather, was sold to a private US buyer for $US170,500 ($224,000) on Friday. It’s pre-sale estimate was $US2000 – $3000.

A drawing of lips inscribed to Taylor by Andy Warhol sold for $US242,500 ($318,000), and was among the priciest items bought on the fourth day of the auction.

Friday’s total sales were $US4.4 million, including commission, taking the auction sales so far this week to $US154.2 million ($202.4 million).

An online-only sale of some 1000 lower-priced items from Taylor’s estate continues through tomorrow.

Christie’s chairman Marc Porter said the response to the auction so far had been “nothing short of overwhelming with multiple bidders competing for every lot.”

Taylor, regarded as one of the last great Hollywood legends, died of congestive heart failure in March at age 79.

Her fabled collection of ruby, diamond and emerald jewelry – many of them gifts from two-time husband Richard Burton – attracted the biggest interest, selling for a total of $US116 million earlier this week.

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