Kim Kardashian purchased three jade bracelets created by Los Angeles jewellery designer Lorraine Schwartz during the second day of the Elizabeth Taylor auction at Christie's New York.
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Schwartz, a friend of both the reality TV star and the famous actress and humanitarian, was at the auction and purchased the jewellery for Kardashian.
They were sold in one lot for US$64,900 (A$65,300), well above the high estimate of $8000.
Schwartz said Taylor wore the white, black and lavender bangles nearly everyday, particularly in the latter part of her life.
She also said that Kardashian was going to buy those same bangles directly from her but really wanted the pair that Taylor actually wore.
"She loved those bangles for a long time," Schwartz said. "She bought them because they're Elizabeth's."
Schwartz is known for creating jewellery for some of Hollywood's biggest stars, including Taylor and Kardashian.
Kardashian, who was the last person to interview Taylor, said by phone that she admired the movie star and jewellery lover. She also spoke about the power of Jade.
"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."
She added, "Elizabeth Taylor is iconic. She is my idol and my icon."