Fine arts auction house, Christie's, says it has reached an agreement with Elizabeth Taylor's family to sell her collection of jewelry, works of art, clothing and other memorabilia.

Christie's says it is planning a series of auctions for the screen legend's possessions. And the timing will be announced later this spring.

Taylor, known for her love for diamonds, has published a book in 2003 titled, "Elizabeth Taylor: My Love Affair with Jewelry," and her collection has included some of the world's most expensive stones.

Taylor died of congestive heart failure last month in Los Angeles.