Lehman Brothers Art Work to Go Under the Hammer at Christie's
The First Art Newspaper on the Net    Established in 1996 Sunday, September 14, 2025


Lehman Brothers Art Work to Go Under the Hammer at Christie's
Samuel Walters (1811-1882), The ship Frankfield off Table Bay. Estimate: £15,000 – 25,000. Photo: Christie's Images Ltd 2010.



LONDON.- Art works that once adorned the British and European offices of former banking powerhouse Lehman Brothers are to be auctioned off next month, the bank's administrators said Sunday.

Works by the likes of Lucian Freud and Gary Hume and the sign that adorned the company's offices in London's Canary Wharf financial district will be among the pieces up for sale, said PricewaterhouseCoopers (PwC), which is in charge of the collapsed bank's main European operations.

The bank filed for bankruptcy in September 2008 with debts of $613 billion, the largest bankruptcy filing in U.S. history, deepening a global economic crisis and temporarily paralyzing markets.

The date for the sale at Christie's auction house, September 29, was no coincidence, PwC said.

"The auction date was selected to approximately coincide with the second anniversary of the administrations," PwC partner Barry Gilbertson said.

"We think that there are many people around the world who would like to acquire some art with a Lehman connection."

The diverse selection of items include post-war and contemporary pieces, maritime pictures and sporting works of art, PwC said.

There is also a commemorative plaque marking the 2004 opening of the Canary Wharf offices by former British Prime Minister Gordon Brown when he was finance minister which is estimated to fetch up to 1,500 pounds.

Overall, the auction is expected to raise about 2 million pounds ($3.18 million) to help pay back creditors.

"The brothers Lehman collected artwork which adorned their offices since the 19th century," Gilbertson said. "Over the subsequent years, of course, as the business expanded and the leadership changed, so did their corporate taste in art."

A similar sale of 450 contemporary art works owned by Lehman in the United States is due to be held on September 25 and could raise $10 million.

(Reporting by Michael Holden)





Christie's | Lehman Brothers | Lucian Freud | Gary Hume |





Today's News

August 10, 2010

Museum to Present Major Survey Devoted to Italian Artist Michelangelo Pistoletto

Rock and Roll Hall of Fame to Feature Elvis 1956 Photographs by Alfred Wertheimer

Oil-Inspired Spread for August Issue of Vogue Italia Stirs Muck

Scarlett's "Gone With the Wind" Dresses in Bad Shape, Need Repairs

Sean O'Harrow Named Director of University of Iowa Museum of Art

Sotheby's Hong Kong Autumn Sales to Offer Lots Estimated in Excess of $205 Million

Cabinet Secrets: Exhibition of Prints and Drawings at Tel Aviv Museum of Art

Scottish Government: Titian's Diana and Actaeon Draws in Crowds

Lehman Brothers Art Work to Go Under the Hammer at Christie's

Art London Returns to Chelsea this October with More than 70 Art Galleries

Julien's Auctions to Hold Historic First Pop Culture Auction in Asia

Priceless Record of Native American World on Brink of Change at Bonhams

Painting by Monet to Make a Planned Early Departure from Exhibition

Richard Avedon's Lively Images at the Museum of Fine Arts, Boston

Artist Brian Borrello Creates New Print Series Using Actual BP Oil

Works by Three Major Northern Lights to Star in Bonhams Auction

Winner of Historic Houses Restoration Award 2010 Announced

Family Learning Centre Construction Under Way at the Art Gallery of Ontario

Mexico, Latin American Seat for Cultural Property Protection Center

Ancient Bison Kill Site Uncovered in Montana

Maine State Museum Hosts Sardine Canning Exhibit

Morse Museum Expansion Recalls Grandeur of Louis Comfort Tiffany's Personal Estate

Manhattan Mogul Elie Hirschfeld Acquires $2,000,000 Original Frank Stella Painting




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
(1941 - 2019)


Editor: Ofelia Zurbia Betancourt

Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
produces:

ignaciovillarreal.org facundocabral-elfinal.org
Founder's Site. Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful