A portrait of actress Elizabeth Taylor by Andy Warhol is seen at the Phillips de Pury gallery in New York, March 28, 2011. The piece entitled "Liz #5" was painted by Warhol in 1963 and is estimated to sell for between 20 and 30 million dollars when it goes for auction on May 12. [Photo/Agencies]

Elizabeth Taylor's renowned collection of jewelry, works of art, clothing and memorabilia will be sold at a series of auctions, Christie's said on Saturday.

"Christie's will be selling the historic collection of Elizabeth Taylor," who died last month in Los Angeles aged 79, the auction house said in a statement.

Taylor's possessions will be sold in a series of sales, Details and the timing of the sales will be announced at a later date, it said.

Stephen Lash, chairman emeritus of Christie's Americas, and Marc Porter, chairman of Christie's Americas worked with Taylor and her family "over the past two decades, and are most honored to have been entrusted with collection of this world renowned film legend, humanitarian and taste maker," said the statement.

Taylor, known for her beauty, love of diamonds, eight marriages and work as an AIDS activist, died of congestive heart failure in Los Angeles on March 23 and was buried the following day.