Skip to:

Text size [+][-]  Saturday November 21 2009GLOBAL EDITION

Free trial at breakingviews.com Click here
Considered view
02 Nov 2009 09:46

Lots of Lehman



SIGN UP FOR A FREE TRIAL
signup

Simply complete all fields and click Submit.

 

I agree to the terms and conditions of use appropriate to my region.



Context News

Freeman’s auction of some 230 pieces of art that belong to the estate of the bankrupt Lehman Brothers investment bank brought in just over $1.3m. That surpassed the auction house’s estimate of a $750,000 haul from the first part of the collection up for sale.

 

RELATED STORIES

The investment bank’s dodgy real estate portfolio precipitated its collapse a year ago. But Lehman’s demise added value to a mostly unremarkable art collection. The pictures cruised past auction estimates. There’s no accounting for taste – or emotion – in asset valuation.

Sign up for a free trial to read the rest of this subscriber-only content, or if you are already a member please sign in here.

Forgotten your password? Get a password reminder.



More stories by:  Rob Cox




Click here

Share