Aly Semigran
September 08, 2011 AT 03:45 PM EDT

Aside from perhaps the go-to Marilyn Monroe costume party get-up, there may be no screen legend more fun to dress up as than Elizabeth Taylor. Even this generation’s biggest stars can appreciate the appeal. Kate Winslet graces the cover of V magazine‘s Fall 2011 “Heroes” issue with a shot that captures Taylor’s look, pearls included. “There was a real fearlessness in her,” Winslet said to the magazine.”Back then, there didn’t seem to be a rule book, and there was some expectation in terms of how glamorous a woman should look. There is sort of a coolness and aloofness to the way [Taylor] would look in posed photographs. In candid snapshots she was really quite soft, and she would really screw up her face. I do that as well.”

Model Lara Stone also emulates Taylor’s look in the pages of V magazine, currently on newsstands, but you don’t have to be famous these days to accessorize like the late, great Hollywood and fashion icon. According to, Taylor’s extensive jewelry collection, which is valued at a staggering $30 million, will go to the highest bidders at Christie’s in New York on Dec. 13 and 14. Have you always wanted that “Taj Mahal Necklace” that once belonged to Emperor Shah Jahangi to go with your new GAP sweater? What about the one-of-a-kind brooch that once belonged to Wallis Simpson, Duchess of Windsor?

What’s the highest you would bid for a piece of her impressive collection? Let’s be realistic — which famous jewel of hers would you like to wear for one night, and how much would you be willing to pay to rent it? Share in the comments section below.

Read more:

Elizabeth Taylor and ‘The Scandal of the Century’: A look back at the romance that rocked the world

Debbie Reynolds remembers Elizabeth Taylor

Barbra Streisand on Elizabeth Taylor: ‘It’s the end of an era’

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