Lehman Bros sign, artworks auctioned off in UK

[September 30, 2010]  LONDON (AP) -- Artwork from doomed investment bank Lehman Brothers is being sold at an auction in London.

Christie's is offering the 10 foot-long (3 meter-long) sign that adorned the bank's European headquarters, along with paintings, furniture and other objects from the offices of the financial institution.

They are among millions of dollars' (euros') worth of items being sold to help pay Lehman's creditors.

The bank collapsed in September 2008. It was the largest bankruptcy filing in U.S. history and helped cause one of the worst financial crises since the Great Depression.

Christie says that Wednesday's sale is expected to raise about 2 million pounds ($3.1 million), a tiny fraction of the $613 billion in debts held by Lehman when it collapsed.

[Associated Press]

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