Bidding war for Lehman souvenirs at auction

A SALE of signs and artworks which adorned the walls of collapsed investment bank Lehman Brothers started with a bang yesterday as the first lots sold for way over their estimated prices.

Bidding war for Lehman souvenirs at auction

A metal Lehman Brothers sign which hung outside its European headquarters in London sold for €50,000 to an anonymous telephone bidder, prompting gasps in the sale room at Christie’s in London.

The price, which included the buyer’s premium, was about 12 times its estimate and came after a bidding war with an internet bidder from China.

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