Christie's to Auction Lehman Brothers Art Collection

Before you go, we thought you'd like these...
Before you go close icon
Auction house Christie's is due to auction off artwork and memorabilia connected with now-defunct Lehman Brothers.

The collection will feature paintings, fine porcelain and the sign from the bank's London offices and should fetch a total of about £2 million ($3.2 million), according to a statement on Christie's website. The auction will take place in London on September 29, 2010.

"We look forward to presenting what is a fascinating glimpse into the history of what was a giant of the financial world," Benjamin Clark, director of corporate collections and museum services at Christie's London, said.

Individual items, such as Madonna by Gary Hume are expected to fetch as much as £100,000.

The auction is part of the bank's winding-down, with administrators seeking to realize the company's assets for maximum value.
Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners