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Lehman Creditors May Get $16 Million as Hirst, Freud Auctioned

Artworks from the collection of Lehman Brothers Holdings Inc. may raise another $16 million for its creditors as collectors and souvenir hunters snap up remains of the collapsed bank.

About 1,000 lots, including works by Damien Hirst, Lucian Freud, Andreas Gursky and Gary Hume, will be auctioned by Sotheby’s in New York, Christie’s International in London and Freeman’s of Philadelphia in the fall. The lots also include a metal sign from outside Lehman’s U.K. Canary Wharf office, valued at as much as 3,000 pounds ($4,680), as well as boardroom cigar humidors and tea caddies starting at 600 pounds.