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Lehman Art Collection Beats Estimate at Auction

2009-11-03 16:26:13 未知

Roy Lichtenstein, "I Love Liberty" (1982). Print.

Over a year after filing the largest bankruptcy in the history of the United States, failed investment bank Lehman Brothers finally had a good day yesterday, as its art collection sold to bidders at Freeman’s auction house for a total of $1.35 million, well above the estimated $760,800.

There were no minimum prices set for the sale of 283 lots, every one of which sold. Former Lehman staffers as well as employees from other financial institutions were said to be present for the bidding, competing for pieces that included a 1975 Robert Indiana print, Polygons, which went for a hefty $23,750, almost four times its high estimate of $6,000.

Other hits in the auction included Roy Lichtenstein’s I Love Liberty (1982) print, which sold for $49,000 on a high estimate of $25,000 and a Louise Lozowick lithograph entitled Hanover Square (1929) (many of the pieces were New York-themed), which brought in $26,200, besting an $8,000 high estimate.

“What’s not to like? It’s nice boardroom art, presented nicely, ready to go up on the walls,” Alasdair Nichol, Freeman’s vice chairman and auctioneer said after the sale. “People lapped it up.”

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