Art Investment

Lehman Brothers sells his collection

company Lehman Brothers, declared bankruptcy on 15 September 2008, will sell part of a corporate art collections. Trades will hold a Philadelphia auction house Freeman's Auctioneers. They will take place in three stages: 1 November auction «Contemporary Art», December 6 - «American and European painting and sculpture», a 12 Feb., 2010 - «The works from the collection of Lehman Brothers: Part II».

Total billed for the sale of 650 lots, estimated organizers should bring about a million dollars. These included the work of French sculptor Bernard Vienna (Bernar Venet), African-American kontseptualista Willie Cole (Willie Cole) and the Venezuelan artist Arturo Herrera (Arturo Herrera). Those who wish to be able to buy prints of Luis Lozovik (Louis Lozowick), Roy Lichtenstein (Roy Lichtenstein), Louise Bourgeois (Louis Bourgeouis) and Terry Frost (Terry Frost), photos Berenis Abbot (Bernice Abott), as well as paintings Ketelin Bernard (Bernard Cathelin ) and Herbert Brandl (Herbert Brandl). Many paintings and prints decorated offices Lehman Brothers in New York, Boston and Delaware.

Lehman Brothers collection consists mainly of works by European and American art from 1970 to the present day. The proceeds from the sale will be transferred to creditors.

Material prepared Onuchin Catherine, AI

Source: bloomberg.com , freemansauction.com , artinvestment.ru


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