24 September 2010
Last updated at 11:42
Artworks which belonged to collapsed banking giant Lehman Brothers are due to be auctioned off in London on 29 September. Many of the works adorned the walls of the UK and European branches of the company.
The company's collection became more eclectic and moved with the times, with modern pieces being added to their premises, which were at London's Canary Wharf until it went into administration in September 2008.
The dominant financial institution, which accrued a wide collection of art, had its origins in a US convenience store which was started by one of the Lehman brothers who emigrated from Germany in the 1850s.
The family business flourished to become a dominant force in the US cotton trade. A number of valuable paintings depicting seafaring scenes are among the lots in the Christie's auction.
The sale, which will raise funds for Lehman Brothers' creditors, also features ceramics, tea caddies and the signs from the company's London headquarters. This bronze of a steeplechaser could raise £30,000.
Madonna, a 1962 piece by Gary Hume, is another example of how the financial institution's artistic tastes evolved. Christie's estimate the main sale will make £2m.
The sale is expected to provide a window into the history of Lehmans, which went on to become one of the world's dominant financial institutions. Its collapse changed the global economic landscape.
A portrait by leading modern artist Lucian Freud is one of the items being offered for sale.
A photograph of the bustling New York Mercantile Exchange, which has an immediate connection to Lehmans, is being auctioned separately in another sale next month and is tipped to make as much as £150,000.