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Paintings by numbers

Every cloud has a silver lining as they say and we bet art lovers at the Financial Services Authority will be salivating at the prospect of adding to the organisation’s £250,000 collection (according to a 2006 valuation) when bankrupt Lehman Brothers sells $8m worth of art that once adorned its offices.

The company filed court papers last month so it could pay fees to art handlers who provided warehousing and framing services prior to bankruptcy.

Lehman said it needed to pay the fees so it could access the artwork, located in warehouses in New York and Paris, and show it to potential buyers.

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