Art News

Lehman Brothers Art Collection Makes Over US$2.2 Million at Freeman’s

PHILADELPHIA, PA.- Freeman’s auctioneers sold the third part of the multi-million dollar art collection of the former global financial services firm Lehman Brothers Holdings Inc. (LBHI) in Philadelphia for US$600,000. Bringing the total value of the collection to date, including parts one and two, sold at Freeman’s in 2009, to over US$2.2 million. The sale, delayed by one week due to heavy snow, was unlike the previous two Lehman sales held at Freeman’s. This auction, with no reserves, included over 60 lithographs and engravings, depicting nautical, sporting, and landscape themes, in conjunction with a select group of Audubon ornithological prints. Alasdair Nichol, Vice Chairman and Head of Fine Art at Freeman’s said “The historic prints and lithographs in the sale did particularly well, with a hand-colored lithograph by Currier of the City of New York making US$12,500, more than 5 times