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.

T. Boone Pickens Gets $42 Million for Claims Against Lehman Brothers

Bilionaire T. Boone Pickens, who made his money in oil and is now into natural gas and wind energy, sold claims he held against Lehman Brothers Holdings Inc. to Royal Bank of Scotland Plc. He reportedly received $42 million.