Coming up for auction … Lehman Brothers Collection
Among the former investment bank's artistic holdings are works by Damien Hirst, Gerhard Richter, and Takashi Murakami.
When Lehman Brothers bank went belly-up in 2008, one part of its portfolio that retained value was the corporate art collection, whose holdings are only now being liquidated. Many works here are by the sort of “blue-chip” contemporary artists beloved by collectors—Damien Hirst, Gerhard Richter, Takashi Murakami—suggesting an organization more conservative in taste than it was in its investing. What’s more surprising are early works by Kara Walker and John Currin, purchased at the very beginning of their careers. Some farsighted Lehman employee acquired Currin’s Shakespeare Actress at one of his first gallery shows. Sept. 25, Sotheby’s, New York, (212) 606-7000. Sothebys.com.