A batch of prestigious works of art that once hung proudly in the corporate headquarters of Lehman Brothers find new homes at auction in Philadelphia.

• The works were sold for a total of $1.35 million in order to help repay Lehman creditors.
• The sale lasted six hours and most pieces sold for significantly more than their presale high estimates.
• The Lehman name attracted art collectors and investors that were looking for a piece of history.

Facts & Figures

• 283 pieces were sold at more than double their projected total of $760, 800
• Lehman owes $250 billion to its creditors
• The top lot was Roy Lichtenstein’s Statue of Liberty print (1982) for $49,000, estimated presale at $25,000

Best Quote

“I think there was a certain amount of trophy hunting. What’s not to like? It’s nice boardroom art, presented nicely, ready to go up on the walls. People laced it up.” – Alasdair Nichol, Vice Chairman and Auctioneer of Freeman’s Auctioneers in Philadelphia