Lehman Brothers Art Collection Sells for $12 Million

A collection of artwork owned by Lehman Brothers was sold by Sotheby's for $12 million. The highest priced item was an Ethiopian artist Julie Mehretu's ink and acrylic work, entitled Untitled 1, which was hammered for over one million dollars, a record for the artist. Christie's in London will be selling Lehman's European collection, which includes works by Gary Hume, on Wednesday the 29th. Lehman creditors will receive the proceeds.