Sotheby's Appointed to Sell Selected Works from the Neuberger Berman and Lehman Brothers Corporate Art Collections - 25 September 2010
This morning Sotheby’s announced that they have been appointed by Lehman Brothers Holdings Inc. (LBHI) and Alvarez & Marsal, LLC, the professional services firm overseeing LBHI's restructuring, to sell selected works from the distinguished Neuberger Berman and Lehman Brothers Corporate Art Collections, subject to bankruptcy court approval.
A single-owner sale of more than 400 works, which is estimated to bring more than $10 million, has been scheduled for Saturday, 25 September 2010 in New York. Among the works to be auctioned are examples of early works by many of the leading artists of the late 20th century – Damien Hirst, Gerhard Richter, Felix Gonzalez-Torres, Richard Prince, John Currin and Takashi Murakami, as well as examples by artists whose work has become more internationally acclaimed over the last decade - Neo Rauch, Julie Mehretu, Liu Ye and Do Ho Suh.
Collecting and sharing art were passions of Roy Neuberger (b. 1903). His enthusiasm for collecting was inspiring to many of his associates at the firm, some of whom, like Roy, shared their art in the working environment. Much of Roy’s collection was donated to the Neuberger Museum of Art, on the campus of SUNY, Purchase. In 1990, Neuberger Berman began building its own collection with a mission to focus on emerging to mid-career artists whose works celebrate the eclecticism and diversity of international contemporary art in all its schools and mediums. Figurative, abstract, minimalist, conceptual, assemblage – the result is a vibrant and provocative collection that engaged and inspired employees. Viewed as a whole, there is an underlying thread that runs throughout the collection and a fascinating dialogue that exists between individual works of remarkable range and variety.
Peachy Deegan is looking forward to this as she originally moved to Manhattan to work for Lehman Brothers, so she is hoping to see some works she saw in the office!
