Lehman Brothers' art treasures to be sold at auction

[cory777]

Source: Guardian

Nearly two years ago, Lehman Brothers became the biggest victim of the financial crisis when the Wall Street titan dramatically collapsed. Now, the administrators unpicking the mess that was left behind are ready to auction off the company's prestigious art collection in an effort to repay its army of creditors.

PricewaterhouseCoopers (PWC) has appointed Christie's to hold an auction of the paintings, sketches and precious porcelain that lined Lehman Brothers' European headquarters at Canary Wharf. In an attempt to squeeze as much from the Lehman corpse as possible, tea caddies, cigar boxes and books from the HQ will also be auctioned off. Those looking for a more eye-catching memento of the credit crunch could consider bidding for the sign that once hung outside the building itself (estimate £2,000 to £3,000).

Before its demise, Lehman would treat important guests to a tour of the expensive artworks hanging on the walls of its London offices, perhaps before moving on to a gourmet lunch complete with fine wines.

The auction is scheduled to start at noon on Wednesday 29 September in South Kensington, with 300 lots ready to go under the hammer.

Read more: http://www.guardian.co.uk/business/2010/aug/08/lehman-brothers-art-collection-auction

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Breaking Alternative News! http://activistnews.blogspot.com

[keopeli]

1. OT: An interesting post, but can we stop with the Breaking News already? This isn't until Sept/ 29!!

For got's sake, enough with everything has to be "latest" and "breaking". What's wrong with "current" and "ongoing'?

[dipsydoodle]

2. Is breaking wind ok ?

Currently seems to be affecting me.