MF Global art work up for auction
BY FRANCINE KNOWLES Business Reporter email@example.com November 6, 2012 1:00PM
Updated: December 8, 2012 6:30AM
An auction of artwork that once adorned the Chicago offices of bankrupt brokerage MF Global is under way.
The value of the pieces range from $600 to $20,000, based on gallery pricing for LeRoy Neiman and Thomas Seawell pieces that are among the works being auctioned, said Kathleen Parker. She is director of business development with Hyperams LLC, which has been hired by the bankruptcy trustee to sell the assets on behalf of creditors of Iowa-based MF Global.
Items to be sold include an original silk tapestry of the New York Stock Market by Neiman. The tapestry was created in 1988 and is one of only 88 made, Parker said.
A majority of the artwork is financial themed, and 85 percent of the pieces are professionally framed, Parker said.
Other items include signed and numbered original lithographs by Seawell, photographs from stock exchanges around the world, paintings by other artists, a Chicago Board of Trade clacker board and MF Global-branded items, including polo shirts, trader jackets, blankets, pocket knives and other items.
Anyone can register and bid on the items. The sale ends Nov. 14. For more information, visit www.hy
perams.com, and click on auctions.
MF Global, which had major offices in Chicago, filed for bankruptcy last year following the disappearance of $1.6 billion in customer funds.