Stat of the day: £42,050

The amount an anonymous bidder paid for a metal 'Lehman Brothers' sign from above the door at the defunct bank's European HQ at an auction at Christie's yesterday.

by MT Staff
Last Updated: 09 Oct 2013
If it was the metal plaque from outside RBS, we doubt people would even raise an eyebrow, but someone seemed keen to snap up a souvenir of one of the strongest symbols of the credit crunch yesterday. The auction, which sold off other Lehman memorabilia including artworks, signs and 'a bafflingly large number of model ships' (no, we're not sure why, either), fetched £1.6m, way above estimate. Among the lots were a plaque unveiled by Gordon Brown when he opened the office in 2004, which sold for £28,750 - 30 times its estimate - and a plastic Lehman sign, which sold for £4,750. But while buyers seemed enthusiastic about credit crunch souvenirs, works of art didn't go down quite so well: Gary Hume's Madonna, worth £100,000, sold for just £73,250. Bargain.

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