By — Paul Solman Paul Solman Leave your feedback Share Copy URL https://www.pbs.org/newshour/economy/update-round-two-in-the-lehman-art-auction Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Update | Round Two in the Lehman Art Auction Economy Sep 29, 2010 5:19 PM EDT 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. Follow Paul on Twitter at @PaulSolman. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now By — Paul Solman Paul Solman Paul Solman has been a correspondent for the PBS News Hour since 1985, mainly covering business and economics. @paulsolman
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. Follow Paul on Twitter at @PaulSolman. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now