Leman Brothers will be taking their modern and contemporary art collection to auction, with the first batch of 238 lots hitting the block on Nov.1st through Freemans, “America’s oldest auction house”.
Among some of the artists whose original works will be available for sale: David Hockney, Roy Lichtenstein and Robert Rauschenberg. Prints from Jim Dine, Louise Bourgeois, Claes Oldenburg, Wayne Thiebaud, Yaccov Agam, Alex Katz, Robert Motherwell, Louise Nevelson, Frank Stella, Robert Indiana, and Andy Warhol will also be up for sale.
As Leman Brothers sit in bankruptcy, their creditors hope to recover some of their losses through this auction, as well as two subsequent auctions on Dec.6th and Feb. 12, featuring other works from the collection.
To read more on this, you can view the article by William D. Cohan in last weeks CNNmoney/Fortune Magazine online HERE.