"Study for Agony I" is one of four Arshile Gorkys, three William de Koonings, five Barnett Newmans and four Agnes Martins that Kathy Fuld, wife of Lehman chief executive Dick Fuld, has hired Christie's to auction off, according to reports by Bloomberg news and The New York Times.
While the timing would seem to indicate that the auction was an effort to counteract the hit the Fuld family's fortunes have taken on Wall Street -- Bloomberg reports that Mr. Fuld "sold Lehman shares that were worth $247 million a year and a half ago for less than $500,000 last week after the stock price collapsed" -- Ms. read more »
Copyright Obser - Observer
