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Old 19-10-2009, 17:26 Original language: Russian        #1
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Default Sale of works of art from the collection of Lehman Brothers

November 1 at auction Freeman's in Philadelphia, will works of art from the corporate collection bankrupt company Lehman Brothers

In order to acquire any work of this famous collection, does not necessarily have the same fat wallet, as a former head of Lehman, Richard Falda (Richard Fuld). One of the top lots, printmaking Roy Lichtenstein (Roy Lichtenstein), entitled "I Love Liberty" (1982), estimated total in the 15-25 thousand dollars. For $ 500 you can buy a picture or print of Michael Mazur (Michael Mazur), whose works are found in many American museums. A black and white photography by Joel Greenberg (Joel Greenberg) «Brooklyn Bridge at night" estimate was 300-500 dollars.

A total of 283 trades exhibited lot. The total estimate - 760.8 thousand dollars. At the auction you can buy prints of such famous artists as Alex Katz (Alex Katz), Louise Bourgeois (Louise Bourgeois) and Wayne Thiebaud (Wayne Thiebaud) - all for a few thousand. The work received a lower estimate of ten thousand, do not have a lower starting prices - this means that the auction winner will receive their race, even if the call amount is much lower estimate.

Art Consultant Sharon Koplan Gurovits (Sharon Coplan Hurowitz) said that Freeman's auction provides an excellent opportunity to acquire works of famous artists on small prices. For example, three of Print representative of pop art Artshvagera Richard (Richard Artschwager) scored 2,5 thousand dollars, and in the gallery for them requested to 7,5 thousand.

Most of the lots - works of American authors. The earliest were made in 1930, and the most recent dated 2008 year - the curators of collections Lehman bought the product to the most inglorious end. Among the works are the types of New York City author of "Russian American" Luis Lozovik.

In the British company Barclays, who bought the assets of Lehman Brothers, had a preferential right to purchase art collection. But Barclays did not avail of this opportunity and work were put up for auction. Total Lehman sells through Freeman's 650 lots, appraised value of - 1.1 million dollars. The second auction will be held on December 6, and a third - 12 February.

itself auction



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Old 02-11-2009, 12:47 Original language: Russian        #2
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Default Sale art collection, Lehman Brothers has brought 1.35 million

Sale of art objects owned by the investment bank Lehman Brothers, brought 1.35 million dollars, reported on Nov. 1 agency Bloomberg. A total of 283 trades were exposed lot, the auction was the house Freeman's Auctioneers.
The most expensive lot of trades was painting "I love freedom," the American representative of pop art by Roy Lichtenstein, sold for 49 thousand dollars. It is worth noting as a series of seven works called "Polyhedra" by Robert Indiana - paintings went for 23 750 dollars in Estimé only six thousand.
Print Yvonne Zhakett - view of New York with a bird's-eye view - was sold almost ten times higher estimate (1800 dollars) - for 16 250 dollars. One of the most expensive lots also become lithography Luis Lozovik, Hanover Square, in 1929, pushed for 26 200 dollars.
The auction lasted six hours, and after the auction all lots were sold. Despite the fact that the sale brought in twice the expected amount of proceeds, the agency notes, comparable with the duty of Lehman Brothers, which is estimated at 250 billion dollars.
Bank Lehman Brothers filed for bankruptcy on Sept. 15, 2008 - at that time he managed assets, the total value of which was estimated at 691 billion dollars. Lehman Brothers bankruptcy was the largest in U.S. history.
(Lenta.Ru)
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Old 09-08-2010, 07:38 Original language: Russian        #3
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Apparently not all of last year's sold out:

Collection of art objects that once decorated the offices of heads of U.S. bank Lehman Brothers, which collapsed in 2008 marked the beginning of the global financial crisis will be put up for auction at Christie's on September 29, Reuters reported.
In the list appear on sales of 300 items, among them - works by contemporary British artist Lucian Freud and Gary Hume, as well as the well-known seascape 19 th century Thomas Lyuni.
The proceeds from the auction proceeds will be used to pay debts of the company. To squeeze out "the remains" Lehman Brothers as much money, will be sold as every detail of the assets of the bank - tea boxes, sigarnitsy and even books from the offices of the authorities. According to experts, the auction should bring about 3.18 million dollars.
Meanwhile, the date the auction was appointed not by accident. Representatives of the auditing company PricewaterhouseCoopers (PwC), which is involved in the reorganization of the holding Lehman Brothers, timed auction to a two-year "anniversary" the collapse of the bank.
At Christie's auction will be sold only to those art objects that were in the UK and other European offices of the company. Collection of the U.S. offices will be offered for sale separately, September 25. It is expected that it will bring about $ 10 million.
(RIA Novosti)



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Old 27-09-2010, 05:47 Original language: Russian        #4
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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/



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Old 28-09-2010, 23:14 Original language: Russian        #5
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HURST was rejected by the art dealers

Installation by Damien Hirst We've got Style, (The Vessel Collection, blue /green), 1993 with the estimate of $ 1 million could not find a buyer.
Ironically, the record Hirst $ 198 million took place on September 15, 2008 - the same day that Lehman declared bankrostve. Prior to the sale Lehman, Sergei Skaterschikov, head of Skate's Art Investment Research, predicted that if Hirst installation can not be sold, it will "oppress" the collectors of Hirst and dry market liquidity by this artist.

I transferred from The New York Observer
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Last edited by iside; 29-09-2010 at 13:47.
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Old 29-09-2010, 00:51 Original language: Russian        #6
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Quote:
Originally Posted by "iside View Post
predicted that if Hirst installation can not be sold, it will" oppress "the collectors of Hirst and drain liquidity artrynka globally (especially that part which is speculative, as the activities of Lehman Brothers - from me ).
The amendment is small.
It says that it will "oppress" the collectors of Hirst and drain market liquidity is this artist.
About Global artrynke not talking



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Old 29-09-2010, 13:46 Original language: Russian        #7
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kr555, Yeah, you're absolutely right.
This I saw no joy apostrophe
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