1. Lehman Brothers has resorted to auctioning off its corporate art in to Freeman’s Auctioneers beginning this fall. In an attempt to accrue more funds for its creditors, the bankrupt firm is putting price tags on artworks such as Roy Lichtenstein’s print of the Statue of Liberty and a Louise Bourgeois print.
2. A new EU ban that is to be effective this fall will put Thomas Edison’s greatest invention out of business across the continent. As a severe approach to environmental sustainability, the use of incandescent light bulbs will be prohibited. Works of art will not be excluded from the law.
3. London’s Timesonline.com found experts of collectibles who can offer insight on safer and more satisfying methods of collecting. With expertise in various fields of art and design collectibles, advice ranges from collecting furniture and antiques to coin and stamp collections.
4. Art Capital Group Inc. is suing photographer Annie Leibovitz, who did not adhere to the terms of the agreements for her $24 million loans.
5. As a strategic move, London’s Berkley Square will play host to the highly anticipated art show, the Pavilion of Art and Design, this fall. Time and location will bring in a bulk of the show’s billionaire collectors with the close proximity and popularity of the annual Frieze Art Fair, which takes place in October in London’s Regent’s Park.
