Daily Caller: Sotheby’s plans auction of Lehman Bros art works 06/04/10
http://dailycaller.com/2010/06/04/sothebys-plans-auction-of-lehman-bros-art-works/#ixzz0puIFcqLO
NEW YORK (AP) — Sotheby’s says some 400 works from the corporate contemporary art collection of the failed investment bank Lehman Brothers will go on sale at auction this fall.
Sotheby’s New York announced Friday it will auction the works on Sept. 25, pending bankruptcy court approval.
It says the collection is valued at more than $10 million. It includes works by some of the leading contemporary artists, including Damien Hirst, Takashi Murakami and Richard Prince.
Sale proceeds will go to pay off creditors of Lehman Brothers Holdings Inc. Lehman filed for bankruptcy in September 2008, helping spark one of the worst financial crisis since the Great Depression. It was the largest bankruptcy filing in U.S. history.
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