Starting next month in New York, bankrupt law firm Heller Ehrman will sell off hundreds of artworks to repay a small portion of its debt. The largely contemporary collection is expected to fetch between $610,000 and $1 million in a slow art market. Peter Benvenutti, the chair of Heller's dissolution committee who is now at Jones Day in San Francisco, said he expected the auction to generate "a small fraction of the original cost" of the art, which he said was substantially more than $1 million.
October 19, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Starting next month in New York, bankrupt law firm Heller Ehrman will sell off hundreds of artworks to repay a small portion of its debt.
The largely contemporary collection is expected to fetch between $610,000 and $1 million in a slow art market, according to bankruptcy papers and the auctioneer hired to conduct the sale.
Presented by BigVoodoo
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
Consulting Magazine recognizes leaders in technology across three categories Leadership, Client Service and Innovation.
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
Duane Morris seeks an associate with 3-4 years of experience to join its Employee Benefits and Executive Compensation Group in its Philadelp...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
