Here's a cool look at the state of the art colorization of old historic photos. The take home message is that both Audrey Hepburn and young Liz Taylor were both incredibly beautiful, both in color and in B&W.....at least that's what I got out of this article! 
Realistically colorized historical photos make the past seem incredibly real [36 pictures] | 22 Words
Realistically colorized historical photos make the past seem incredibly real [36 pictures] | 22 Words