Works by the likes of Lucian Freud and Gary Hume and the sign that adorned the company’s offices in London’s Canary Wharf financial district will be among the pieces up for sale, said PricewaterhouseCoopers (PwC), which is in charge of the collapsed bank’s main European operations.
The bank filed for bankruptcy in September 2008 with debts of US$613 billion, the largest bankruptcy filing in U.S. history, deepening a global economic crisis and temporarily paralyzing markets.
The date for the sale at Christie’s auction house, Sept. 29, was no coincidence, PwC said.
“The auction date was selected to approximately coincide with the second anniversary of the administrations,” PwC partner Barry Gilbertson said.
“We think that there are many people around the world who would like to acquire some art with a Lehman connection.”
The diverse selection of items include post-war and contemporary pieces, maritime pictures and sporting works of art, PwC said.
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