Art works belonging to the offices of Lehman Brothers to go under the hammer


The fall of Lehman Brothers in 2008 triggered the global economic downfall. And the company rose to fame for the largest bankruptcy filing in U.S. history. However if you intend to own a piece of this ex- banking powerhouse, then here’s your chance. The following month, art works that belonged to the British and European offices of Lehman Brothers will go under the hammer. Interested folks can bid for works of Lucian Freud, Gary Hume, a sign that adorned the company’s offices in London’s Canary Wharf financial district along with post-war and contemporary pieces, maritime pictures and sporting works of art. The 2 million pounds ($3.18 million) expected from this auction will be used to pay back creditors. To observe the second anniversary of the administrations, the sale is also dated on September 29 at Christie’s auction house. It is also reported that ‘a similar sale of 450 contemporary art works owned by Lehman in the United States is due to be held on September 25 and could raise $10 million.’
[Artdaily]

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