Sale of Art by Embattled CEO, Wife Nets Millions Less Than Expected
In the midst of a crumbling economy and tight credit markets, one of the financial world's most storied brokerage firms collapsed. Now, that firm's infamous CEO has taken another public hit -– this time in the slumping art market.
At a sale Wednesday night at New York's Christie's auction house, 16 post-war drawings owned by Lehman Brothers chief executive Richard Fuld and his wife Kathy were sold separately for just over $13.5 million. Christie's had initially estimated the collection would... Full Story
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