04/10/2011 09:44 am ET Updated Jun 10, 2011

Elizabeth Taylor's Jewelry To Be Auctioned By Christie's

Elizabeth Taylor's jewelry collection will indeed by auctioned by Christie's, the Associated Press reports:

Christie's auction house says it has reached an agreement with Elizabeth Taylor's family to sell her prized jewelry collection, as well as some of her art, clothing and other memorabilia.

Christie's says it is planning a series of auctions that will be announced later this spring.

Last month, People speculated that Taylor's accessories might hit the block.

Luxury Jewels of Beverly Hills President/CEO Peter Sedghi told the magazine, "She had a collection like I've never seen before, and she knew exactly what every one was -- what the diamonds were, the quality. But it was more for her; it was...the history behind it. A lot of them had sentimental value." And celebrity jeweler Lorraine Schwartz recalled once speaking to Liz in 2003 after she had taken a fall: "[Taylor] was like, 'I don't feel good, my hair is dirty but I'm wearing my bracelet...I mean, fabulous.'"

Taylor's entire stash is valued at $150 million. Watch the late icon talk about her love for all-things-bling here.