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Kim Kardashian Shells Out $65K For Elizabeth Taylor's Jade Bangles

In Celebs by Emma Jones , on Thursday, December 15, 2011, 7:16 AM (PST)
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Kardashian Wants To Harness The Power Of Jade

Kim Kardashian is such a fan of Elizabeth Taylor that she dropped $65,000 on bangles sold at this week's auction of La Liz's fine jewels. Well, kinda. Since Kardashian wasn't about to hold a dirty paddle in her manicured fingers, she had her bidding done for her by the bangles' designer, Lorraine Schwartz.

According to Forbes, Schwartz, a friend of both the reality TV star and the famous actress and humanitarian, was "at the auction and purchased the jewelry for Kardashian." The original estimate of the bangles was $8,000, however, bidding soon rocketed to the selling price of $64,900. When all was said and done, the auction brought in a record-setting $116 million.

Read: More About The Elizabeth Taylor Jewelry Auction

The bangles bought by Kardashian are Lorraine Schwartz diamond bracelets, in black, white and lavender. In her later years Taylor wore the bracelets almost every day.

Schwartz said that Kardashian was considering buying a similar set of bangles from her, but when she saw Taylor's at the auction, she had to snatch them up. “If you have a piece of jade, the energy goes into the piece and you absorb the energy,” Kardashian said. “So I can feel Elizabeth in the piece.”

Kardashian was the last person to interview Taylor for a magazine piece and she's been such a fan that she also recreated the famed Cleopatra look in a Harper's Bazaar photo shoot.

Read: Comedian Rob Delaney Says He's Suing Kim Kardashian Over Divorce

“Elizabeth Taylor is iconic. She is my idol and my icon,” said Kardashian.

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