Lehman to put $8m of art on block Christie's in New York

more: http://www.guardian.co.uk/business/2008/nov/12/lehman-art-sale

Lehman to put $8m of art on block Christie's in New York also selling $20m collection of former Lehman boss Richard Fuld and his wife KathyJulia Kollewe
guardian.co.uk, Wednesday November 12 2008 12.09 GMT

The bankrupt investment bank Lehman Brothers wants to sell at least $8m (£5.2m) worth of the art collection that once decorated its offices. The news comes as $20m of postwar art, put up for sale by the former Lehman boss Richard Fuld and his wife Kathy, goes on the block tonight at Christie's in New York.

The sale of drawings from the Fulds' collection, including three Willem de Koonings, was announced a few days after Lehman declared bankruptcy in September. The Fulds still own a sizable art collection and five homes, including a $21m Manhattan apartment. Kathy Fuld is a well-known modern art collector and a trustee of New York's Museum of Modern Art.

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The Government could seize the funds they make off the auction, to put a tiny dent in paying back those who have watched their 401K's tank... Just sayin...

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