For Immediate Release 15 December 2011 Press Contacts: Toby Usnik (NY) Erin McAndrew (NY) Matthew Paton

(UK) Gillian Leung (HK) tusnik@christies.com emcandrew@christies.com mpaton@christies.com gleung@christies.com tel +1 212 636 2680 tel +1 212 636 2680 tel +44 (0)207 389 2965 tel:+852 2978 6736

HAUTE COUTURE, FASHION & ACCESSORIES

FROM THE COLLECTION OF ELIZABETH TAYLOR

REALIZE US$ 5.6 MILLION DAY THREE IN THE FOUR-DAY AUCTION SERIES REMAINS 100% SOLD INTERNATIONAL BIDDERS COMPETE FOR TOP COUTURIERS AND LUXURY BRANDS, INCLUDING CHANEL, DIOR, LOUIS VUITTON, SCAASI, TIZIANI, VALENTINO & VERSACE THE ELIZABETH TAYLOR TRUST TO DONATE IRENE SHARAFF SUNFLOWER YELLOW WEDDING DRESS TO A MAJOR AMERICAN INSTITUTION

New York The two-day sale series devoted to the haute couture, fashion and accessories portion of The Collection of Elizabeth Taylor realized a combined total of $5,586,913 (3,631,493/ 4,301,923). A fitting celebration of Hollywoods most glamorous star and her fearless sense of style, this portion of the collection was 100% sold by lot and by value. Comprising almost 400 of Miss Taylors most iconic looks, the sales featured fashion and accessories collected over five decades with scores of museum-quality treasures. The Evening Sale opened with an announcement that the Elizabeth Taylor Trust will donate Miss Taylors sunflower yellow dress from her first marriage to

Richard Burton to a major American institution. Further details will be announced by the Trust in the coming days. The top couture lot was a Christian Dior Evening Gown of Silver Encrusted Brocade with matching Evening Bag, 1968, which Elizabeth Taylor wore to Guy de Rothschild and his wifes yearly ball at their country home, Chateau de Ferrires, in Brie, France. This ensemble realized $362,500 (235,625/ 279,125). The accessories were led by the three lots of Louis Vuitton luggage which fetched $245,500 (159,575/ 189,035) in total. It was an honor to open the Evening Sale with the announcement that Elizabeth Taylor Trust will donate Miss Taylors sunflower yellow dress from her first marriage to Richard Burton to a major American institution. The superb total achieved over two days for the Haute Couture, Fashion & Accessories from Miss Taylors extraordinarily wellpreserved wardrobe reflects the inspiration and delight that this portion of her collection sparked around the globe during our international pre-sale exhibition tour this fall, said Marc Porter, Chairman and President of Christie's Americas. The success of the Andy Warhol Liz lithograph with a dedication to Elizabeth with much love paves the way for the auction of Fine and Decorative Art & Film Memorabilia, which features 146 items, including costumes and Elizabeth Taylors scripts for National Velvet and Cat On A Hot Tin Roof. We are delighted with the combined result of these auctions which confirms Elizabeth Taylors status as Fashion Icon and Muse. Interest was truly international throughout the two days and four sessions, with private individuals, celebrities and fashion archives all competing fiercely online, in the room and on the telephones, noted Patricia Frost, Christies Head of Fashion. From couture gowns and jackets to caftans and Miss Taylors luggage - famously labeled mine - bidders have been paying tribute to Miss Taylors sense of style. Christies are very pleased that her wardrobe will continue to inspire further generations of fans, fashionistas and designers and it is wonderful that The Elizabeth Taylor Trust have generously donated the iconic Irene Sharaff Sunflower Yellow Silk Chiffon Wedding Dress, 1964, to a major American institution. Bidding has yet to close on further fashion and accessories featured in the Online-Only Auction which runs until 17 December.

Further Highlights from the Haute Couture, Fashion & Accessories offered in The Collection of Elizabeth Taylor
Andy Warhol (1928-1987), Liz, offset lithograph in colors, 1964, signed with a dedication by the
artist in felt-tip pen: 'to Elizabeth with much love', which sold for $662,500 (430,625/ 510,125). This work is from the edition of approximately 300, published by Leo Castelli Gallery, New York. This leads the way for the art works will be offered on 16 December in the Fine and Decorative Art & Film Memorabilia, Including Costumes, which will then be followed by the Impressionist and Modern works from The Collection of Elizabeth Taylor which will be offered in February 2012, Christies London.

Miss Taylor's Gina Fratini Wedding Dress, which she wore at her second marriage to Richard

Burton in Botswana, 1975, sold for $62,500 (40,625 / 48,125). Labeled Gina Fratini, 1975, it has a patchwork silk bodice and floating pastel chiffon ombr sleeves and skirts, with long, beaded, feather trimmed streamers.

A Versace Beaded Evening Jacket, 'The Face', circa 1992, realized $128,500 (83,525/ 98,945).
This jacket is beaded with rhinestone portraits of Elizabeth Taylor in her most famous roles, including Cleopatra. Miss Taylor wore this jacket when she spoke at 'The Freddie Mercury Tribute Concert for AIDS Awareness', which featured a performance by the remaining members of the band 'Queen', in 1992 at London's Wembley Stadium.

Cleopatra, 1963, an Irene Sharaff evening robe which was made for Elizabeth Taylor in her role as
Cleopatra for the 1963 Twentieth Century Fox production, achieved $62,500 (40,625/48,125). An identical robe is worn by Taylor during the scene where Cleopatra is informed that Marc Anthony has successfully stabilized relations between Egypt and Rome, but only by marrying Caesar's sister Octavia. The news devastates the divine Queen and she screams Anthonys name in anger and frustration. She slashes his clothes hanging in their quarters and brutally stabs the bed they had shared. Irene Sharaff is credited for dressing Elizabeth as Cleopatra and although this garment is not labeled, it is likely to have been designed by her.

A Tiziani Black Velvet Scorpio Evening Cape, 1968-9, realized $60,000 (39,000/ 46,200).

Elizabeth Taylor commissioned the Roman dressmaker Tiziani to create this dramatic black velvet cape embroidered with diamant scorpions on the front and on the hood for Princess Grace of Monacos 40th birthday Scorpio Ball. Intended strictly for Princess Graces fellow Scorpios Miss. Taylor, who was a Pisces, was permitted to attend the ball as the date of her husband Richard Burton, who shared the correct zodiac sign. Karl Lagerfeld was Tizianis freelance designer when the cape was commissioned and this eye-catching piece, exquisitely detailed with an ivory moir silk lining, may well have been one of his designs. The impressive array of highly admired Caftans was led by two Thea Porter designs which both fetched $23,750 (15,438/18,288); a caftan of cotton ikat with associated traditional multi-strand necklace, 1980s and a blood red chiffon caftan, late 1970s. The top Accessories were A Louis Vuitton Set of Soft-Sided Garment Carriers and a Hat Box, 20thcentury and also A Louis Vuitton Set of Alzer Suitcases and a Boite Pharmacie 20th Century which each realized $110,500 (71,825/85,085). The three lots of Louis Vuitton luggage achieved $245,500 (159,575/ 189,035). Other highlights were led by A Multi-Gem and Gold Scarab Necklace, designed as a graduated series of hard stone scarabs, which fetched $74,500 (48,425/57,365) and A Black Alligator Mini Kelly Bag, labeled Herms, late 1960s which fetched $74,500 (48,425/57,365). Notes to Editors:
*The Elizabeth Taylor Trust will announce the name of the major American institution to which they will donate The Irene Sharaff Sunflower Yellow Silk Chiffon Wedding Dress, 1964. Irene Sharaff, the Academy Awardwinning costume designer, created Elizabeth Taylors signature looks for the film Cleopatra. Sharaffs diaphanous silk chiffon dress features long sheer sleeves, a draped cowl neck collar, and an empire waist accented by a delicate bow. Upon the collar, Miss. Taylor affixed the dazzling BVLGARI emerald and diamond brooch given to her by Richard Burton as an engagement present and topped it off with an elaborate headdress of hyacinths intertwined with a long braid of hair down her back.

Sale Dates: The Collection of Elizabeth Taylor

The Online-Only Auction Fine and Decorative Art & Film Memorabilia and Costumes Old Master Paintings Impressionist & Modern Art December 3-17, 2011 December 16, 2011 January 2012 February 2012, Christies London

In keeping with Elizabeth Taylors life-long devotion to humanitarian causes, a portion of profits generated by admissions, events and select publications related to the sales will be donated to The Elizabeth Taylor AIDS Foundation (ETAF). Founded in 1991, ETAF provides funding to AIDS service organizations throughout the world to assist those living with HIV and AIDS.

About Christies

Christies, the worlds leading art business had global auction and private sales in the first half of 2011 that totaled 2.0 billion/$3.2 billion. In 2010 it achieved global auction and private sales of 3.3 billion/$5.0 billion. Christies is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Founded in 1766 by James Christie, Christie's conducted the greatest auctions of the 18th, 19th and 20th centuries, and today remains a popular showcase for the unique and the beautiful. Christies offers over 450 sales annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christies has 53 offices in 32 countries and 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai and Hong Kong. More recently, Christies has led the market with expanded initiatives in emerging and new markets such as Russia, China, India and the United Arab Emirates, with successful sales and exhibitions in Beijing, Mumbai and Dubai *Estimates do not include buyers premium. Sales totals are hammer price plus buyers premium and do not reflect costs, financing fees or application of buyers or sellers credits.

The Collection of Elizabeth Taylor: The Icon and Her Haute Couture, Evening Sale and Fashion and Accessories (Sessions II, III, and IV) New York 14 & 15 December 2011 Sale no: 2627 and 2628 Top Ten [All sold prices include buyers premium] Sold: $5,586,913 3,631,493 4,301,923 Lots Sold: 392 Lots Offered: 392 Sold by Lot: 100% Sold by $: 100% Exchange Rate: 0.65 = $1 / 0.77 = $1

Lot

Description

Estimate ($)

Purchase Price

Buyer

368

357

Andy Warhol (1928-1987), Liz (Feldman and Schellmann II.7), offset lithograph in colors, 1964, dedicated 'to elizabeth with much love', from the edition of approximately 300 A Christian Dior Evening Gown Of Silver Encrusted Brocade With Matching Evening Bag, Worn to Guy de Rothschild and his wifes yearly ball at their country home, Chateau de Ferrires, in Brie, France A Chanel Ballgown, Cape, Shoes And Matching Clutch Bag A Versace Beaded Evening Bolero Jacket, 'The Face', circa 1992 A Set Of Soft-Sided Garment Carriers And A Hat Box, Louis Vuitton, 20th Century A Set Of Alzer Suitcases And A Boite Pharmacie A Pair Of Rock Crystal And Gold Ear Pendants By Gucci, signed Gucci A Multi-Gem And Gold Scarab Necklace

30,000 - 50,000

$662,500 430,625 510,125 $362,500 235,625 279,125 $134,500 87,425 103,565 $128,500 83,525 98,945 $110,500 71,825 85,085 $110,500 71,825 85,085 $74,500 48,425 57,365 $74,500 48,425 57,365 $74,500 48,425 57,365 $72,100 46,865 55,517

Asian Private

4,000 - 6,000

American Institution

358

6,000 - 8,000

Anonymous

316

15,000 - 20,000

Asian Private

671

2,000 - 3,000

U.S. Private

673

3,000 - 5,000

Asian Private

355

1,000 - 2,000

U.S. Private

363

1,500 - 2,000

U.K. Private

636

A Black Alligator Mini Kelly Bag

3,000 - 4,000

European Private

439

An Arnold Scaasi 'Platinum' Evening Gown

800 - 1,000

Anonymous

The Collection of Elizabeth Taylor continues with Fine and Decorative Arts & Film Memorabilia, including Costumes 16 December 2011