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Elizabeth Taylor's Van Gogh Auctioned
Updated: Tuesday, 07 Feb 2012, 6:52 PM EST
Published : Tuesday, 07 Feb 2012, 6:52 PM EST
(NewsCore) - A Vincent Van Gogh painting owned by actress Elizabeth Taylor was auctioned Tuesday night for £10.1 million ($16 million), well above its pre-sale estimate.
The 1889 landscape "Vue de l'asile et de la Chapelle de Saint-Remy," showing the asylum where Van Gogh was confined after his breakdown in Arles, was purchased by a telephone bidder, Bloomberg News reported.
Christie's International had estimated the work would bring £5 to £7 million ($8 -.$11 million).
Bloomberg said Taylor's father, an art dealer had bought the painting as a gift for his daughter for £92,000 ($146,000) in 1963.
The painting subsequently became the subject of a restitution claim that was rejected by a US appeals court in 2007, Bloomberg said.
Taylor, winner of Oscars for "Butterfield 8" and "Who's Afraid of Virginia Woolf" died last March.
A week-long auction of her clothing and jewelry in New York last December brought in $156.8 million (£99 million).
Read more: Business Week