Failed Bank Provenance Boosts Auction: Lehman Bros. collection sells out
- November 02, 2009 11:23
Call it the Lehman premium: The first in a series of auctions at Freeman's, expected to bring in around $750,000, brought in a surprising $1.34 million, with all 238 lots of modern and contemporary art finding buyers. The star of the failed bank's art assets was a late-period Roy Lichtenstein screenprint of the Statue of Liberty which sold for $49,000. Robert Apfel, a New York collector of Hudson River School paintings, snapped up at least six works, including Louis Lozowick's 1929 "Hanover Square" for $26,200, more than three times its high estimate.
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