Sotheby’s Sale of Lehman Brothers Collection Totals $12.3 Million

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LONDON.- Sotheby’s sale of selected works from the distinguished Neuberger Berman and Lehman Brothers Corporate Art Collections brought a total of $12,277,751 today, reaching the high estimate ($8/12 million). Seventeen auction records were set for artists including Julie Mehretu and Glenn Ligon, and the sale was 83% sold by lot with more than half of those works bringing prices above their high estimates. “This collection was put together with great care and foresight,” said Tobias Meyer, Sotheby’s Worldwide Head of Contemporary Art and lead auctioneer at today’s sale. “They were very well informed and bought from artists often at the early stages of their careers, before they had broken out and whom they recognized would have enough talent to ensure long term reputations.” Mr. Meyer continued: “While the Lehman name certainly attracted a great deal of attention, the people who bid today