However, when you compare the cost of an older movie with the value of money at the time it was made,Cleopatra remains the most expensive movie ever made. Elizabeth Taylor played Cleopatra in this movie made in 1963. One of the reasons why this movie cost so much money was because Ms.Taylor had 65 different (and very expensive) costumes in the movie! This movie,if made today,would cost a minimum of$306 million to shoot.