Error: 3002 Source: GeoIP.asp line 56: File could not be opened. Lehman Brothers Sign, Artworks to Be Auctioned Off in UK
The First Art Newspaper on the Net Established in 1996 Saturday, December 20, 2014


Lehman Brothers Sign, Artworks to Be Auctioned Off in UK
An auction house employee passes paintings, 'Untitled' by Hannah Starkey, left, and 'Holy Smoke' by Matthew Ritchie ,right, displayed in an auction house in London, Friday, Sept. 24, 2010.The paintings estimated to sell for 1,000-1,500 pounds ( 1,570-2,355 US Dollars), left, and 70,000-100,000 pounds (110,000- 157,000 US Dollars),right, will go on sale in the Christie's auction of Lehman Brothers Artwork and Ephemera on Sept. 29. AP Photo/Kirsty Wigglesworth.

By: Jill Lawless, Associated Press Writer

LONDON (AP)- For sale: a sign of the times.

Christie's is auctioning off the 10 foot-long (3 meter-long) sign that adorned the European headquarters of Lehman Brothers, along with paintings, furniture and other objects from the offices of the collapsed investment bank.

They are among millions of dollars' (euros') worth of items being sold to help pay Lehman's creditors.

The bank collapsed in September 2008. It was the largest bankruptcy filing in U.S. history and helped cause one of the worst financial crises since the Great Depression.

On Friday Christie's held a preview of items from the sale, which is expected to raise about 2 million pounds ($3.1 million).

The 300 lots include works by modern artists including Gary Hume, Robert Rauschenberg and Lucian Freud, a selection of maritime and sporting paintings and office knickknacks — antique tea caddies, model boats, cigar boxes, bronze animals and Chinese ceramics.

Collectors can also bid on the headquarters' sign, valued at 2,000 pounds to 3,000 pounds, and a plaque commemorating the opening of the building in 2004 by Britain's then-Treasury chief, Gordon Brown, valued at between 1,000 pounds and 1,500 pounds.

The most expensive work, a large photograph by Andreas Gursky of the teeming New York Mercantile Exchange, will be sold separately next month and is valued at between 100,000 pounds and 150,000 pounds.

The sale is scheduled for Wednesday in London. More artworks from Lehman Brothers' collection will be sold by Sotheby's in New York this Saturday, at an auction expected to raise $10 million — a tiny fraction of the $613 billion in debts held by Lehman when it collapsed.


Copyright 2010 The Associated Press.





Today's News

September 24, 2010

Bronzino: Artist and Poet at the Court of the Medici Opens at Palazzo Strozzi in Florence

Hungarian Artists Alongside Greats in London Show at Royal Academy

New Exhibition of Paintings by Deborah Kass at Paul Kasmin Gallery

Lehman Brothers Sign, Artworks to Be Auctioned Off in UK

Hauser & Wirth's First Posthumous Show of Jason Rhoades' Work Opens

Gustav Klimt and Napoleon Bonaparte Heading to Melbourne

Private California Collection of Impressionist Paintings Highlights Christie's Sale

Ray Charles Memorial Library Officially Opens in Los Angeles

Rediscovered Spanish Civil War Negatives by Capa, Chim, and Taro at ICP

Zaha Hadid's MAXXI Museum is Favourite to Win RIBA Stirling Prize 2010

Show at Victoria & Albert Museum Puts Diaghilev Among Greats of Modern Art

Forbes' Tiny Toys will Be Sold at Sotheby's in New York City

World of Khubilai Khan Revealed in New Exhibit at the Metropolitan

Sotheby's Presents Sale of Modern and Contemporary Arab and Iranian Art

France's PIXmania Founder Displays Art Collection

Knoedler & Company Open First Exhibition of Lynn Davis' Work

Carnegie Museum of Art Names a Three-Person Curatorial Team for 2013 Carnegie International

Whitechapel Gallery Opens The London Art Book Fair 2010

Norton's Monet in Major Exhibition at the Grand Palais, Gauguin Goes to Tate

Bonhams to Sell Meissen Teapot Once Owned by Mother of George I for £200,000

Wallace Collection Presents French Drawings from Poussin to Seurat

Art Show by Rolling Stones' Ronnie Wood Starts Up in Ohio

Phillips de Pury & Co. Announces Highlights from Contemporary Art Sale

Under Unusual Arrangement, in Austria, Castles Aren't Just for Kings

Artist Dale Chihuly Stretches Boundaries of Glass Blowing

The Museo del Prado Identifies an Unknown Work by Pieter Bruegel the Elder

The Saratoga Automobile Museum Presents Thirteen Woodies

National Geographic Magazine to Start Publishing in Arabic

Attila Szücs: The Hidden and the Revered at Priska C. Juschka Fine Art

Cocteau and Picasso Prints and Ceramics Make over £500,000 at Bonhams

Man Survives Passing Out with Head in Museum Noose

Cleveland Museum of Art Acquires Collection of Objects from Southern Africa and Contemporary Work by Tony Oursler

Frieze Magazine Announces Winner of 2010 Writer's Prize

Most Popular Last Seven Days



1.- Colossal statue of Amenhotep III unveiled on the west bank of the Nile in Egypt

2.- British royals crown New York visit with gala dinner

3.- Missing artwork rediscovered in "Stuart Little" sells for over 200,000 euros at auction

4.- Rossetti's Venus Verticordia soars at Sotheby's in London to sell for £2.88 million

5.- Russian magnate buys, then returns Nobel prize to American geneticist James Watson

6.- Egyptian Museum unveils four newly renovated halls of the famed Tutankhamun gallery

7.- 'The Secret of Dresden: From Rembrandt to Canaletto' on view at the Groninger Museum

8.- Cooper Hewitt Smithsonian Design Museum reopens after three-year renovation

9.- More than 200 queries about works by possible heirs received on Nazi-era art hoard

10.- Attorney, artist and filmmaker reflects on the seven lessons learned at 2014 Art Basel Miami Beach



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site