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Friday, 24 September 2010

Lehman Art Auction to raise £1m For Creditors

There are no masterpieces in this sale, which is why it has been allocated to Christies South Kensington, instead of their Kings Street headquarters. This is strictly a sale of mementos and bin ends with some second rate art thrown in for good measure.The better works have already been sold in the main New York and London rooms or privately placed.
The banking crisis which began at Lehman is far from over and lot 1001 a metal plaque celebrating the opening of their European headquarters in 2004 by Gordon Brown, is a grim reminder of the good times. Both Lehmans and Brown are long gone and rapidly becoming a distant and acrid memory. Read More...

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