Freeman’s Auctioneers to Sell First Part of Lehman Brothers Art Collection

If you were wondering what happened to some of the art once owned by Lehman Brothers, you may find answers at Freeman’s.

Freeman’s auctioneers are to sell at auction the first part of the multi-million dollar art collection of the former global financial services firm, Lehman Brothers Holdings Inc. in Philadelphia during the Fall of 2009.

The collection for sale at Freeman’s is valued at US$1 million and consists of a large selection of modern and contemporary paintings, prints and drawings, along with a smaller group of American and Fine European paintings and prints from Lehman offices in New York, Boston and Delaware.

Freeman’s says significant works by Bernar Venet, Willie Cole, Arturo Herrera and Pouran Jinchi are included in the 650 lot collection. There are prints by Louis Lozowick, Roy Lichtenstein, Louis Bourgeouis and Terry Frost, photographs by Bernice Abott along with important paintings by Bernard Cathelin and Herbert Brandl. In addition, there is a large number of reasonably priced prints, drawings and paintings from standout artists of the latter half of the 20th Century. Freeman’s will be selling the collection starting in the fall in Philadelphia with their “Modern & Contemporary Art” on November 1st, 2009 where it will feature as a ‘single owner section’. This is followed by their “Fine American and European Paintings and Sculpture” December 6th, 2009 with the last items of the Collection being sold at “Works from the Lehman Brothers Collection: Part II” on February 12th, 2010.

About Art After X

With the death of President Kennedy in 1963, America changed. As hard as it is to minimize that sentiment, the effect of Dallas was even greater. The same year saw the merging of the Dallas Museum for Contemporary Arts, which had been central to the art scene, and the Dallas Museum of Fine Arts. Douglas MacAgy, then the director of DMCA, not only opposed the merger, but also declined to directorship of the combined museum. The regionalist movement which had been strong for decades, was giving way to more of an interest in what was going on nationally, and internationally. Like it or not, Dallas was on the national stage. When the Kennedy’s arrived in Fort Worth, local collectors had decorated a hotel room with internationally-renowned works. While the president and his wife learned a great deal about the ability of Texans to collect major art, there was little they could glean about the local scene in this era-defining city. With this in mind, we have begun a project to look not back at the art scene in Dallas, but foreword from 1963. We are interviewing gallery owners, curators and others involved in the art scene then, but this will be a story told mostly through interviews with artists active in the city from that point into the 1980s. The result will be a book with a video component. We hope you will join us in our journey. The hashtag for the project is #artafterx and the url artafterx.com will point to the latest updates on this weblog.

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