Artwork from accused Ponzi-schemer Bernie Madoff's former offices in New York will head to auction later this year.
While the collection does not rank in quality to the kind of artwork that Madoff's multi-billion dollar scam could have assembled, there are sure to be some souvenir hunters who will pay top dollar for a Madoff momento.
Bloomberg reports that Sotheby's in Manhattan and Stair Galleries in Hudson, New York, will offer 61 pieces from Madoff's collections. Among the highlights is a 1947 Picasso lithograph of a black bull, a set of six 1973 bull lithographs by Roy Lichtenstein and a small 1952 Matisse crayon drawing of a woman’s head.
Major names, including Andy Warhol, Jasper Johns, Frank Stella, Brice Marden, Cy Twombly, and Ellsworth Kelly, are represented although with works on paper that are part of large editions.
The insured value for the group is more than $575,000, according to bankruptcy court filings.