According top the Wall Street Journal:

The final—and priciest—collection of artworks from the defunct Lehman Brothers will be auctioned off in a series of sales beginning Saturday at Sotheby's in New York and continuing at Christie's in London next Wednesday and Freeman's in Philadelphia Nov. 7. Overall, the sales could bring in a combined $14.2 million, which would be used to repay creditors.

Do Ho Suh, "Metal Jacket" (detail)

Collectors and souvenir seekers went wild for the bank's corporate collection of lower-priced prints and paintings last fall during an initial sale at Freeman's, with a $1.3 million sales total that doubled the house's expectations.

But in a marketing turnabout, Sotheby's says it is downplaying the bank's connection to the 147 works it's auctioning Saturday. The pieces up for sale were actually amassed by Neuberger Berman, an investment firm that started a corporate art collection long before the firm was bought by Lehman in 2003. Sotheby's is betting it can attract more bidders by emphasizing the tastes of the smaller firm's co-founder Roy Neuberger, a 107-year-old collector who created the Neuberger Museum of Art in Purchase, N.Y.

Julie Mehretu, "Untitled 1"

Highlights of the Sotheby's auction include Mark Grotjahn's rainbow-colored "Untitled (Three-Tiered Perspective)," estimated to sell for at least $600,000; Do Ho Suh's "Metal Jacket," a robe created from fake dogtags, priced to sell for at least $300,000; and Julie Mehretu's frenetic abstract, "Untitled 1," priced to sell for at least $600,000.

Mark Grotjahn, "Untitled (Three-Tiered Perspective)"

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