Louise Bourgeois, Bed#2 (1997), Arturo Herrara collage
The projected $1 million in revenue from the auction will head straight to Lehman’s creditors. Too bad the firm will still owe a projected $249.999 billion. Perhaps they should dig into the Neuberger reserves? The money manager, acquired by Lehman in 2003, owns 900 works including major pieces by Marlene Dumas, Damien Hirst, and Takashi Murakami. Kathleen Fuld, MoMA trustee and wife of disgraced CEO Richard Fuld, also sold a hefty portion of the couple’s immense post-war art collection last fall after the firm’s collapse in September.
If you’re serious about taking home a Lehman momento, you can even register with Freeman’s for updates on the next auction.