14.7 C
London
Wednesday, May 27, 2020

Lehmaned down

As Lehman Brothers sign sells for just £9,375 at Christie’s, one bidder disputes the sale price and former executives party

 

The Lehman Brothers sign we featured earlier this month achieved just £9,375 in this week’s Christie’s South Kensington sale.

 

A Lehman Brothers sign sold for just £9,375 at Christie's in London on 17th September 2013
A Lehman Brothers sign sold for just £9,375 at Christie’s in London on 17th September 2013

Former Lehman Brothers employees gathered at B.B. King's in Times Square on the fifth anniversary of the company's collapse on 18th September 2013
Former Lehman Brothers employees gathered at B.B. King’s in Times Square on the fifth anniversary of the company’s collapse on 18th September 2013

Having been sold by the auction house in 2010 for an astonishing £42,050, this result is indication that Lehman is a company that most plainly want to forget.

 

In a bizarre turn, however, an individual named Kevin Adell, the founder of The Word Network – an organisation that describes itself as “the largest African American religious network in the world” – is alleging that Christie’s failed to accept his maximum bid of $20,000 on the sign. In a statement, he commented:

 

“I do not give up easy and I am demanding the sign be justifiably awarded to me”.

 

In a release that claims that Christie’s “allegedly award[ed the] sign to the wrong bidder”, Adell adds: “a representative of Mr Adell’s has tried to resolve the matter with Christie’s but to no avail”.

 

In separate news, “hundreds” of the company’s former traders gathered in New York yesterday for a “Lehman Rocks On” reunion on the fifth anniversary of the financial service firm’s collapse. Maybe one of them wants to remember and maybe, indeed, it was one of them who put in a bid.

 

 

Subscribe to our free once daily email newsletter here:[wysija_form id=”1″]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Moron of the Moment – Darren Grimes

In threatening respected writer Peter Jukes with legal action, Darren Grimes yet again shows himself as nothing but a petulant pillock.

Mixed Up McGee

Dippy Debbie McGee yet again confirms her status as the ultimate airhead in boasting about her connections to ‘Randy Andy’ and is met with a denial from a royal source.

Could Mark Alexander be Innocent?

With humanitarian Terry Waite questioning the safety of the conviction of Mark Alexander for murdering his conman father Samuel, is it time that this curious case was reviewed?

Distraction Dom

Matthew Steeples suggests devious Dominic Cummings might actually be the best asset bungling Boris Johnson has got left; the king of distraction has made Jennifer Arcuri go away.

A Box Office Balls-up

Royal Borough of Kensington & Chelsea council’s decision to approve replacement for Kensington Odeon with a 63% smaller cinema is deservedly condemned as a “box office balls-up.”

A Magnum Muckup

Unilever ludicrously forced to “urgently” recall Magnum ice cream because it contains MILK. Health and safety busybodies at their finest.

Hero of the Hour – Adrian Chiles

BBC presenter Adrian Chiles’s delight in the simple pleasures of a pint in a park during lockdown reflects how so many feel.

Moron of the Moment – Larysa Switlyk

“Bitch of the first order” Larysa Switlyk takes to Instagram during the coronavirus lockdown to brag about her latest massacres; this moronic monster previously paid to shoot sheep in England.

Roy Clark’s Roller

‘I Never Picked Cotton’ singer Roy Clark’s Rolls-Royce heads to auction complete with suicide doors and emblazoned with his initials in gold leaf.

Lockdown Lunacy

Aleks Walker examines what famous folk have been doing at home during the coronavirus lockdown and identifies some quite bizarre examples.

Smiling Churchill and Scowling Edward

Rare photograph of Winston Churchill dining with Edward VIII to be sold as part of a sale on the eve of the 80th anniversary of him becoming Prime Minister. In a reversal of roles, it is the royal (nicknamed ‘Our Smiling Prince’) who is scowling whilst the future Prime Minister (nicknamed ‘Our Scowling PM’) smiles.

More Matters Marmalade – Part V

More Matters Marmalade – Part V – Guardian readers on marmalade – Letter penning ‘Guardian’ readers return to their favourite subject – marmalade. This time marmalade and tights.

Heroine of the Hour – Anne Diamond

Heroine of the Hour – Anne Diamond on Duchess of Sussex book – Anne Diamond is right to call out the Duchess of Sussex’s mint-making collaboration with Omid Scobie and Carolyn Durand’s ‘Finding Freedom’ as annoying, daft and delusional.

Beauty’s in the Eye of the Bargain Basement Bugatti

Replica “homage to Jean Bugatti’s Type 57S Atlantic coupé” to be auctioned for a sum 99.9% lower than the most famous of the four originals is said to be worth. £124,000 to £165,000 for the 2016 ‘Assembled Vehicle’ 1939 Delahaye USA Pacific by Terry Cook.

A Faithfull Flat

Triplex apartment in Knightsbridge building once home to Marianne Faithfull for sale for the astounding sum of £25 million.

Dopey Derbyshire Dunces

Derbyshire Police yet again show themselves inept at the art of public relations in tweeting about trying to locate a man who...

Weather Now

London
few clouds
14.7 ° C
15.6 °
13.9 °
72 %
5.7kmh
20 %
Thu
20 °
Fri
20 °
Sat
22 °
Sun
21 °
Mon
14 °