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$12 Million for Lehman Art at First of Two Auctions

submitted by dotdude

1 decade 3 years 9 months 1 week ago

Uploader Description: "Art can be a fickle market. Expected to earn $10 million to help pay back creditors, the art collection of the former investment bank Lehman Brothers auctioned for well over $12 million at Sotheby's in New York.

And that was just the first round- another large portion of the Lehman collection hits the block Wednesday at Christie's of London.

Here, business and economics correspondent Paul Solman comments on how a few of the pieces sold for. You can watch his original video cataloging some of the more special pieces in both the Sotheby's and Christie's collections here. http://www.pbs.org/newshour/rundown/2010/09/art-collection-could-prove-shrewd-investment-for-lehman-brothers.html "