Collection of Lehman Brothers sold for 12.3 million dollars
The art collection belonging to the bankrupt investment bank Lehman Brothers, was sold at New York's Sotheby's auction for 12.3 million dollars, reports on Sunday, The Associated Press.
Among the most expensive lots - track "Untitled 1" Ethiopian origin artist Meret Julie (Julie Mehretu) oil painting by Liu Ye (Liu Ye) "Long Way Home" (The Long Way Home). For the first job helped out a little more than $ 1 million for the second - 962,500 dollars.
The total cost of many paintings, especially decorated headquarters of Lehman Brothers in Manhattan, has exceeded a pre-assessment, and the price paid by the bank for the purchase. The proceeds will be used to pay multiple creditors, the agency says.
Recall on September 29, auction house Christie's auction outlined pictures that were in the European offices of Lehman Brothers. At the London auction displays works by artists such as Lucien Freud and Gary Hume. It is expected that in a second auction help out around 3.2 million dollars.
It is assumed that the bankruptcy of Lehman Brothers in September 2008 triggered a global financial crisis. As previously stated in the company of PricewaterhouseCoopers, dealing with the reorganization of Lehman Brothers, the tender did not accidentally place two years after those events.
http://www.lenta.ru/news/2010/09/26/lehman/