AO Auction Preview: Two years after declaring bankruptcy Lehman Brothers hopes to sell hundred of artworks worth millions at 3 auctions in UK & US
Friday, August 20th, 2010
Julie Mehretu, Untitled 1, 2001 (est. $600-800,000), via Sothebys.com
Almost two years to the day after Lehman Brothers filed the largest bankruptcy in U.S. history, the bank will auction off hundreds of artworks worth some $16 million in hopes of raising funds for its creditors. There will be an auction at Sotheby’s New York on September 25 followed by an auction at Christie’s London on September 29. The smallest of the three auctions will be held at Freeman’s in Philadelphia on November 7 and will focus on the Lehman’s Contemporary Art holdings.
Damien Hirst, We’ve Got Style (The Vessel Collection Blue/Green), 1993 (est. $800,000-1,200,000) via Sothebys.com
