Saturday, March 25, 2023

Lehman Brothers Auctions Art to Pay Creditors

Lehman Brothers will auction off a bundle of art next month to pay creditors. Included in the collection are works by Lucien Freud, Gary Hume, Damien Hirst, Gerhard Richter and Felix Gonzalez-Torres. The works, to be auctioned off in Europe and the US, are estimated at $10-12 million. The proceeds will go towards repaying the creditors of Lehman Brothers.

Via the BBC.


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