Pursuits
Fund Manager Greenwood Sells Teddies for $1.75 Million
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The collection of teddy bears and soft toys belonging to Paul Greenwood, a hedge-fund manager who pleaded guilty to fraud charges, has sold at auction in London for 1.1 million pounds ($1.75 million.)
The total price includes fees and compares to a presale estimate, at hammer prices, of 800,000 pounds to 1.2 million pounds. The 10-hour auction of 1,300 items made by the German company Steiff was held by Christie’s International.