Skip to main content
Downward Mobility

Lehman Art Sell-Off

Hopes to raises $8 million.

Want a good example of Wall Street’s excesses during its golden era? Before its implosion, Lehman Brothers collected more than 3,500 works of art. Enter the schaudenfreude: The bankrupt investment bank will now try to sell at least $8 million of its collection. This news comes on the same day that $20 million of Lehman CEO Dick Fuld’s postwar art collection, which includes De Koonings, Newmans, and Gorkys, is scheduled to hit the market at Christie’s.

Read it at The Guardian

TRENDING NOW