Fund manager to sell prized teddy bear collection
- October 06, 2010 18:40
Rare Steiff teddy bears from a collection assembled by hedge fund manager Paul Greenwood, who is charged with fraud, will be heading to the auction block next week, according to new reports.
Greenwood, a former partner of brokerage WG Trading Co, has been charged with conspiring to defraud his clients of $554 million, reports Bloomberg, and will be sentenced in December.
The Oct. 13 Christie's sale titled Steiff: an Important Private Collection of 1,300 stuffed toys is said to be Greenwood's. It will include some rare pieces from the German toy manufacturer, mostly bears made pre-WWII, valued at about $1.9 million, writes the New York Times blog.
![Peter Paul Rubens (Flemish, 1577–1640), After Titian (Tiziano Vecelli) (Italian [Venetian], c. 1488–1576), Rape of Europa, 1628–29. Oil on canvas, 71 7/8 x 79 3/8 in.](/images/c/e2/2e/Jan20_Rape_of_Europa100x100_c.jpg "Peter Paul Rubens (Flemish, 1577–1640), After Titian (Tiziano Vecelli) (Italian [Venetian], c. 1488–1576), Rape of Europa, 1628–29. Oil on canvas, 71 7/8 x 79 3/8 in.")
