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Fuld’s Last Stand On Auction

Courtesy of Marla Singer

The more observant and aesthetically sensitive ZH reader will have already noticed that Tranche 1 of the Lehman Brothers Collection (hereinafter known as the LBHI Creditors Committee ["LBHI-CC"] Collection) (warning: 50+ MB .pdf) will come under the hammer tomorrow at noon.  The 300+ lots include significant works by Bernar Venet, Willie Cole, Arturo Herrera, Pouran Jinchi, Louis Lozowick, Roy Lichtenstein, Louis Bourgeouis, Terry Frost, Bernice Abott, Bernard Cathelin and Herbert Brandl.  (No word yet on the various return tiers on the CAOs (Collateralized Art Obligations) that Goldman is underwriting next month.

Your author is pleasantly surprised to observe that liquidators to the House of Fuld, Alvarez & Marsal, have eschewed convicted co-conspirators Christie’s (1766) and Sotheby’s (1744) in preference to a distinguished Philadelphian auctioneer, Freeman’s (1805), invitations to summer at Ron Baron’s East Hampton guest house notwithstanding.  (C’mon, what is a little conspiracy charge, or two, between friends, after all?)

ZH’s intern will be bidding telphonically on the below signed Warhol screenprint depicting Warhol’s “GENERAL FULD” mere days before Fuld’s Last Stand at which he and all of his compatriots were killed by short sellers, Charlie Gasparino, the FSA, the Bank of England, and a host of other Lakota Indian allies.

Lot 405
ANDY WARHOL
(american, 1928-1987)
“GENERAL CUSTER”
from “cowboys and indians”
1986, signed and numbered 122/250 in pencil (there were also 50 artist’s proofs), the full sheet; Gaultney Klineman Art, Inc., New York, publisher. Color screenprint on Lenox Museum Board.
sheet: 36 x 36 in. (91.4 x 91.4cm)
[Feldman & Schellmann II.379].

Estimate $15,000-20,000

Very faint traces of minor rubbing in the sleeve at bottom center that catch light very faintly when examined out of the frame and held to raking light, very faint smudging of the signature lower left, otherwise in very good original condition. Framed in plexi box frame.

ZH representatives will be at the preview parties for Freeman’s “Fine American and European Paintings and Sculpture” auction scheduled for December 6th, 2009 and the “Works from the Lehman Brothers Collection: Part II” auction on February 12th, 2010, where we shall be overconsuming the higher value hors d’ouvres and more expensive liquor.


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