Lehman Brothers to sell art collection
Posted by juggernut3, December 11, 2008
We’ve all heard of the unfortunate events to hit the economy in recent months with major financial investment firms going bankrupt and many assets falling to zero. Apparently these major financial firms have been some of the biggest investors in the art world. Recently, Lehman asked a bankruptcy judge to approve a 20k payment to its art handlers in order to start showing their collection to potential buyers. Lehman needs sell off part of art collection to raise at least 8 million dollars. It seems that […]
