At the auction, Sotheby's, held on 25 September, has sold part of the collection of the bankrupt bank Lehman Brothers.

last weekend in New York have been

As noted by the New York dealer Neal Meltzer (Neal Meltzer), «a day the collapse of Lehman Brothers Hurst became a millionaire (I mean solo auction of 15 -16 September 2008, at which the artist was rescued by millions for his work ; auction coincided with the day of the collapse of the bank on Sept. 15. - AI ), and the day when Lehman is selling off his collection, Hearst suffered a failure ».

However unsold Hirst's installation was an exception to the generally successful bid. Lehman Brothers managed to gain for his collection, including a collection of one of its divisions, the company Neuberger Berman, 12,3 million dollars in general estimeyte trades 8,8-12 million dollars. 118 of 142 lots found buyers (83 %).

Abstract Painting Meret Julie (Julie Mehretu) «Untitled I» was sold for a million dollars unknown to the buyer, and became the top lot of the auction (the upper estimate was 800,000). Initially the track in 2001 was bought for 21,726 dollars by Neuberger Berman, in 2003, which entered at Lehman Brothers. After the last auction, "Untitled I» has become the most expensive work of Julie Meret (the previous record price for its product was 394,038 dollars).

Painting Chinese artist Liu E (Liu Ye) «Long Way Home" in 2005 went to a new buyer for 962,500 dollars, exceeding the upper estimate of 700,000. A rainbow canvas Grotyana Mark (Mark Grotjahn) reached a value of 782,500 dollars.

Damien Hirst was not the only well-known artist whose work has not caused a stir among buyers. Works by John Carrin (John Currin) «Actress Shakespeare" went under the hammer for 362,500 dollars, almost twice lower than the upper estimate of 700,000. A playful work of Richard Prince (Richard Prince) in 2003 was sold for 212,500 dollars, which is also almost twice above its top estimate of 400,000.

All proceeds from the auction proceeds will be used in benefit of creditors of the bank. sale of works of art from the collection of Lehman Brothers will continue Sept. 29 at Christie's auction in London . Estimate the upcoming auction of about 2 million pounds (3, 18 million dollars).

material was prepared by Maria Onuchina, AI

Source: bloomberg . com , artinvestment.ru