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True story: Kimora Lee Simmons owns Gianni Versace's old bed. She bought it at an auction. Now she wants Elizabeth Taylor's jewelry, which is going on the block to benefit the late actress' AIDS Foundation. "My whole life I have really patterned after Elizabeth," Simmons says. "She's always been my icon. If you think about it, I can explain it forever.” Oookay. [CocoPerez]