The Art of Liquidation

Courtesy of Adam A. Weschler & Son Inc.

Sol LeWitt’s silkscreen monoprint “Wavy Brush Strokes” sold for $38,000 at a Feb. 1 auction of Dewey & LeBoeuf’s artwork.

Dewey & LeBoeuf LLP is raking in the dough from the sale of its artwork, which it once valued at $2.3 million. Some of the defunct law firm’s finest art went on the auction block last week and sold for more than $430,000, according to auctioneer Adam A. Weschler & Son Inc. As expected, the star was Christopher Wool’s “Untitled,” which Weschler’s Leigh Snitiker said sold for $200,000. The firm’s Frank Stella prints did particularly well at the Feb. 1 sale, Ms. Snitiker told Bankruptcy Beat Thursday. . .

Source: http://blogs.wsj.com/law/2013/02/07/the-art-of-liquidation/?mod=WSJBlog

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