Highlights from the 2010 Lehman Art Auction

Highlights from the Lehman Auction

Once considered to be among the most distinguished corporate art collections in the world, the works owned by Lehman Brothers — which in a 2003 merger added the collection from Neuberger Berman — is also tied to one of the most infamous bankruptcies of all time. The collection was auctioned off on Sept. 25, 2010 by , bringing in a total of $12.3 million. Among the pieces to be auctioned are early works by many of the leading artists from the late 20th and early 21st centuries, including artists
Photo: Getty Images

When Lehman Brothers filed for bankruptcy protection in 2008, among its assets was one of the most distinguished corporate  collections of modern art in the world.

The collection was auctioned off on Sept. 25, 2010 by Sotheby’s, bringing in a total of $12.3 million.

Among the pieces to be were early works by many of the leading artists from the late 20th and early 21st centuries, including artists such as Damien Hirst, Gerhard Richter and Neo Rauch.

Click ahead for selected works from the auction, showing both their estimated sale price and actual one.

Updated Oct. 15, 2010
First posted Sept. 23, 2010

Stares (with Lamps)

Artist: John Baldessari Sold for: $482,500 Estimate: $350,000-$450,000 Year: 1986
Photo: Sotheby's

Artist: John Baldessari
Sold for: $482,500
Estimate: $350,000-$450,000
Year: 1986

Shakespeare Actress

Artist: John Currin Sold for: $362,500 Estimate: $500,000-$700,000 Year: 1991
Photo: Sotheby's

Artist: John Currin
Sold for: $362,500
Estimate: $500,000-$700,000
Year: 1991

Einbruch

Artist: Neo Rauch Sold for: $542,500 Estimate: $400,000-$600,000 Year: 1999
Photo: Sotheby's

Artist: Neo Rauch
Sold for: $542,500
Estimate: $400,000-$600,000
Year: 1999

Untitled (Swimmer No. 1)

Artist: Fang Lijun Sold for: $374,500 Estimate: $200,000-300,000 Year: 1997
Photo: Sotheby's

Artist: Fang Lijun
Sold for: $374,500
Estimate: $200,000-300,000
Year: 1997

Untitled (Three-Tiered Perspective)

Artist: Mark Grotjahn Sold for: $782,500 Estimate: $600,000-$800,000 Year: 2000
Photo: Sotheby's

Artist: Mark Grotjahn
Sold for: $782,500
Estimate: $600,000-$800,000
Year: 2000

We've Got Style (The Vessel Collection - Blue)

Artist: Damien Hirst Sold for: Not soldEstimate: $800,000-$1.2 million Year: 1993
Photo: Sotheby's

Artist: Damien Hirst
Sold for: Not sold
Estimate: $800,000-$1.2 million
Year: 1993

Metal Jacket

Artist: Do-Ho Suh Sold for: $362,500 Estimate: $300,000-$400,000 Years: 1992-2001 The jacket is composed of three thousand dog tags on U.S. military jacket fabric liner.
Photo: Sotheby's

Artist: Do-Ho Suh
Sold for: $362,500
Estimate: $300,000-$400,000
Years: 1992-2001
The jacket is composed of three thousand dog tags on US military jacket fabric liner.

The Long Way Home

Artist: Liu Ye Sold for: $962,500 Estimate: $500,000-$700,000 Year: 2005
Photo: Sotheby's

Artist: Liu Ye
Sold for: $962,500
Estimate: $500,000-$700,000
Year: 2005

Untitled I

Artist: Julie Mehretu Sold for: $1,022,500 Estimate: $600,000-$800,000 Year: 2001
Photo: Sotheby's Auctions

Artist: Julie Mehretu
Sold for: $1,022,500
Estimate: $600,000-$800,000
Year: 2001

Chaos

Artist: Takashi Murakami Sold for: $134,500 Estimate: $150,000-$200,000 Year: 1999
Photo: Sotheby's

Artist: Takashi Murakami
Sold for: $134,500
Estimate: $150,000-$200,000
Year: 1999

Untitled

Artist: Richard Prince Sold for: $212,500 Estimate: $300,000-$400,000 Year: 2003
Photo: Sotheby's

Artist: Richard Prince
Sold for: $212,500
Estimate: $300,000-$400,000
Year: 2003

Bank (Galvanic Suite)

Artist: Robert Rauschenberg Sold for: $104,500 Estimate: $60,000-$80,000 Year: 1991
Photo: Sotheby's

Artist: Robert Rauschenberg
Sold for: $104,500
Estimate: $60,000-$80,000
Year: 1991

763-9 Abstract Painting

Artist: Gerhard Richter Sold for: $506,500 Estimate: $200,000-$300,000 Year: 1992
Photo: Sotheby's

Artist: Gerhard Richter
Sold for: $506,500
Estimate: $200,000-$300,000
Year: 1992

Betty

Artist: Gerhard Richter Sold for: $458,500 Estimate: $100,000-$150,000 Year: 1991
Photo: Sotheby's

Artist: Gerhard Richter
Sold for: $458,500
Estimate: $100,000-$150,000
Year: 1991

763-5 Abstract Painting

Artist: Gerhard Richter Sold for: $506,500 Estimate: $300,000-400,000 Year: 1992
Photo: Sotheby's

Artist: Gerhard Richter
Sold for: $506,500
Estimate: $300,000-400,000
Year: 1992