Lehman Art Auctions Better Than Expected

BY Paul Solman  September 27, 2010 at 4:44 PM EST

MakingSenseLogo_horizontal.gif
As a follow up to Friday’s Lehman Brother’s art collection video, this video looks at how some of the pieces actually fared on Sotheby’s auction block.

Overall, the sale went slightly better than expected: while experts were predicting a $10 million sale, the final bids brought the Sept. 25 auction to well over $12 million.

On Wednesday, Christie’s of London will auction another sizable piece of the collection.

The art sale, part of Lehman’s bankruptcy, will help pay back the hundreds of billions the former investment firm owes it’s creditors.