Kim Kardashian "Honored" to Buy Liz Taylor’s Bracelets

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It's no surprise that Elizabeth Taylor Christie's auction brought in record-setting bids, since stars like Kim Kardashian were among the fans snapping up the actress' legendary jewels.

On Tuesday afternoon the reality star paid $64,900 for a set of Lorraine Schwartz bangles.

"Elizabeth Taylor was an idol of mine and I'm honored to now own something from her collection," Kardashian, 31, tells Us Weekly. "The Lorraine Schwartz jade bracelets are special because jade transfers energy, so I will cherish these bracelets with her energy in them for the rest of my life!"

In addition to being married to seven different men throughout her life, Taylor was one of the first celebrity moguls, who used her star power to market hugely successful jewelry and fragrance lines.

Fittingly, Kardashian conducted the last interview with Taylor for the March issue of Harper's Bazaar.

"I never planned to acquire a lot of jewels or a lot of husbands," Taylor said. "I have been supremely lucky in my life in that I have known great love, and of course, I am the temporary custodian of some incredible and beautiful things."