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Read more at Counterparties The man behind the individual mandate 3 big banks face a downgrade Follow Reuters Facebook Twitter RSS YouTube Read UPDATE 5-Who are the lucky 3 to share record $656 mln U.S. lottery? 3:28pm EDT Who are the lucky 3 to share record $656 million U.S. lottery? | 4:36pm EDT Exclusive: Soros' son strikes out on his own 30 Mar 2012 Unpaid bloggers' lawsuit versus Huffington Post tossed 30 Mar 2012 UPDATE 3-At least three winners share record $640 mln U.S. lottery 10:21am EDT Discussed 257 Poll: Americans angry with Obama over gas prices 225 Cheney recovering after heart transplant: spokeswoman 219 Black friend defends shooter of Florida teen Watched Urine eggs a delicacy in China Thu, Mar 29 2012 U.S. and Russia ''disagree'' on Syria Fri, Mar 30 2012 China car collision caught on video 5:54am EDT Cape worn by Elizabeth Taylor in "Cleopatra" sold Tweet Share this Email Print Analysis & Opinion What has happened to gold? The problem of fake gold bars Related Topics U.S. » Entertainment » Fashion » Film » People » The wax figure of actress Elizabeth Taylor in her role as 'Cleopatra' is pictured at Madame Tussauds Hollywood in Hollywood, California March 23, 2011. Credit: Reuters/Fred Prouser By Marice Richter DALLAS | Sat Mar 31, 2012 4:41pm EDT DALLAS (Reuters) - A gold cape worn by Hollywood icon Elizabeth Taylor in the 1963 film "Cleopatra" sold at auction for $59,375 in Dallas on Friday. The cape had been wrapped in tissue and stored in a cedar closet for years, the female owner of the garment told officials at Heritage Auctions. The owner, who asked not to be identified, said her mother had acquired the cape from the now defunct Western Costume company sometime after the film's premiere. The woman's mother had worked in the couture fashion industry, Heritage officials said. The woman told officials at the auction house that she had never mentioned or showed the cape to anyone. But after the actress died on March 23, 2011, she decided to reintroduce it to the world. The cape was designed to resemble the wings of a Phoenix. It is constructed of gold painted leather with hand-stitched gold beads and sequins. Taylor wore the cape in two scenes in the movie. The cape was expected to sell for $20,000 at auction. "Taylor was featured in countless newspaper and magazine articles wearing this cape," Margaret Barrett, director of entertainment and music memorabilia for Heritage Auctions, said in a statement. "This piece is the epitome of glamorous and it was worn by one of Hollywood's greatest leading ladies at the very peak of her fame, power and beauty," she said. (Editing by Greg McCune) U.S. Entertainment Fashion Film People Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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