Auction house Christie's is battling over money with Elizabeth Taylor's trust.
The trouble began when a buyer backed out of a $8.8 million dollar deal to purchase Taylor's Taj Mahal necklace (gifted to her by Richard Burton) at a 2011 auction. But the auction house pre-paid the trust ahead of receiving money from the buyer, who canceled the sale.
Now Christie's wants their money back.
Taylor's trust claims in a lawsuit that Christie's is withholding millions of dollars from other auctioned off items until the company receives the money from the Taj Mahal necklace.
Collectively, the late Hollywood legend's items sold for $183.5 million during its auction.
When asked about the lawsuit, Christie's said in a statement to Page Six, "Christie's was pleased to create a landmark auction event on behalf of the Elizabeth Taylor Trust that produced over $183.5 million in proceeds for the beneficiaries of the trust — the friends and family of Elizabeth Taylor. This suit stems from Christie's seeking the return of a small portion of these proceeds due to the cancellation of a single item from that sale, and Christie's looks forward to a speedy resolution of this matter."
A request for comment from Taylor's estate was not immediately returned.
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