Photography Collection

The insolvency of the investment bank Lehman Brothers is very interesting for collectors worlwide because of its photography collection with art works by Andreas Gursky and Takashi Murakami. When Lehman Brothers acquired Neuberger Berman in 2003 they got a very important collection of contemporary art with around 600 art works. Among them where photos by Candida Hoefer, Vik Muniz, Olafur Eliasson, Thomas Struth and Gregory Crewdson. There are a few private cooperations interested in acquiring Neuberger Berman and its art collection but it probably will be liquidated. So some of the photographs will be published in auction catalogues of Sotheby's and Christie's. Christie's has auctioned 500 photographs from the collection of the insolvent future trades company Refco two years ago. So collectors may benefit from the insolvency of Lehman Brothers but for museums that have been sponsored by the investment bank it will be a disadvantage. One of them is the International Center of Photography, New York.