Lehman Brothers Auction Realises $2.6 Million at Christie’s South Kensington

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LONDON.-The auction of Lehman Brothers: Artwork and Ephemera took place today (29 September 2010) at Christie’s South Kensington salerooms and realized £1,641,613 / $2,593,749 / €1,904,271, surpassing its pre-sale estimate of £769,600 to £1,138,900. Offering artworks and selected items of interest which once adorned the walls and offices of the British and European arms of the former banking powerhouse Lehman Brothers, the auction attracted over 1,100 registered bidders from around the world, including 330 clients who registered to bid via the internet using Christie’s LIVE – a record number of online bidders for a European auction at Christie’s. The auction took place under the direction of the joint administrators of Lehman Brothers Limited (‘LBL’) and of Lehmans Brothers International (Europe) (‘LBIE’) who are partners at PwC. They were