Tuesday, September 17, 2013

Lehman Sign Sells for $14915, Five Years After Collapse

<p>A metal sign from the Londonheadquarters of Lehman Brothers Holdings Inc. sold at auctiontoday for 9,375 pounds ($14,915) -- a quarter of its price threeyears ago.</p><p>The sign was being re-sold at Christie's International inLondon. The event comes five years after the bank collapsed,helping trigger a global financial crisis.</p><p>The sign was bought for 42,050 pounds at an auction ofLehman Brothers property at the same venue in September 2010.That earlier event, to benefit creditors, was said at the timeby dealers to have some "crazy" prices as souvenir hunterssnapped up remains of the collapsed bank.</p><p>This time the sign proved to be a less impressiveinvestment. It was valued at 8,000 pounds to 12,000 pounds andbought by a bidder on the telephone.</p><p><a href="http://www.bloomberg.com/news/2013-09-17/lehman-sign-sells-for-14-915-five-years-after-collapse.html">Keep reading...</a></p>

News Timeline



From Our Sponsor