Art Investment

Sale of works of art from the collection of Lehman Brothers

November 1 in Philadelphia, held an auction, which will feature the works from the collection of bankrupt company Lehman Brothers

1 November auction Freeman's in Philadelphia, will works of art from the corporate collection bankrupt company Lehman Brothers. In order to acquire any work of this famous collection, does not necessarily have the same fat wallet, as a former head of Lehman, Richard Falda (Richard Fuld). One of the top lots, printmaking Roy Lichtenstein (Roy Lichtenstein), entitled "I Love Liberty" (1982), estimated total in the 15-25 thousand dollars. For $ 500 you can buy a picture or print of Michael Mazur (Michael Mazur), whose works are found in many American museums. A black and white photography by Joel Greenberg (Joel Greenberg) «Brooklyn Bridge at night" estimate was 300-500 dollars.

A total of 283 trades exhibited lot. The total estimate - 760.8 thousand dollars. At the auction you can buy prints of such famous artists as Alex Katz (Alex Katz), Louise Bourgeois (Louise Bourgeois) and Wayne Thiebaud (Wayne Thiebaud) - all for a few thousand. The work received a lower estimate of ten thousand, do not have a lower starting prices - this means that the auction winner will receive their race, even if the call amount is much lower estimate.

art consultant Sharon Koplan Gurovits (Sharon Coplan Hurowitz) said that Freeman's auction provides an excellent opportunity to acquire works of famous artists on small prices. For example, three of Print representative of pop art Artshvagera Richard (Richard Artschwager) scored 2,5 thousand dollars, and in the gallery for them requested to 7,5 thousand.

Most of the lots - works of American authors. The earliest were made in 1930, and the most recent dated 2008 year - the curators of collections Lehman bought the product to the most inglorious end. Among the works are the types of New York City author of "Russian American» Luis Lozovik .

U of the British company Barclays, who bought the assets of Lehman Brothers, had a preferential right to purchase art collection. But Barclays did not avail of this opportunity and work were put up for auction. Total Lehman sells through Freeman's 650 lots, appraised value of - 1.1 million dollars. The second auction will be held on December 6, and a third - 12 February.

article prepared by Julia Maksimova, AI

Sources : bloomberg.com , artinvestment.ru


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