Update | Round Two in the Lehman Art Auction


The Lehman art auction, part II, took place today at Christie’s in London. Several works we covered in our popular slide show sampler of the auction — Lucian (grandson of Sigmund) Freud’s portrait etching and Gary Hume’s “Madonna” — were on the block.

The Freud just about tripled its pre-auction estimate of $12,400 – $18,600, going for more than $45,000.

The Hume came in near the top of its estimate range of $80k-$120k, bringing in $115,000.

This auction round brought in $2.6 million to help pay back the fallen financial institution’s creditors. The first auction, at Sotheby’s in New York on Saturday, brought in over $12 million. You can view a video of some of the more illustrious works from the Sotheby’s auction, including commentary from Paul and how much they went for, here.

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