Add RSS RSS

Anatomy of a Dissolution: The Heller Art Auction

Heller Ehrman small logo.jpgIt’s been a long time since we checked in on the ruins of Heller Ehrman. It seems strange that it’s been over a year since Heller Ehrman announced that it was closing its doors.

Everybody that was going to land on their feet after Heller collapsed has presumably landed. Those who never did get a job back in Biglaw post-Heller have hopefully moved on to other lucrative and rewarding careers.

While most of Heller’s employees have moved on, it looks like some of Heller’s things are still looking for new owners. One tipster reports that you can purchase your own little piece of Heller if you want to:

FYI the art from the Heller Ehrman art collection is up for sale at Bonhams New York:

Sale 17421 - Contemporary and Modern Art

Let’s take a look at what fine pieces of art you can score from the demise of Heller Ehrman.

Check out lot 8017 from Bonham’s Heller sale:

Heller lot 8017.JPG

Sold to the Viscount de Chagny. An excellent choice, monsieur.

Lot 8064 then?

Heller lot 8064.JPG

Is there an art history major who can help me out? Because when I look at that, I see a Heller Ehrman attorney thinking: “Yes, I definitely think this business model can still work.” But I might be missing something.

If you want to see what other items Heller has for sale, look at lots 8018, 8019, and lot 8020 (which appear to be related pieces); lot 8055; lot 8070; and lot 8073.

Captions ideas are always welcome.

UPDATE: For Lat’s report on the New York auction, see here.

Earlier: Prior ATL coverage of Heller Ehrman

Comments

avatar
1 Posted by guest | Permalink Monday, October 12, 2009 6:07 PM

This stuff isn't that expensive. Who knows, maybe I'll make a bid!

2 Posted by Partner Emeritus | Permalink Monday, October 12, 2009 6:07 PM

I can understand how this firm managed to dissolve. Who the hell was their purchasing agent? And why was he/she given carte blanche authority to pay thousands of dollars for worthless doodlings? I saw the Bonhams' catalog and I don't understand why that auctioneer would sully its reputation by selling this junk.

avatar
3 Posted by guest | Permalink Monday, October 12, 2009 6:09 PM

I'm still saving my money for the Alston & Bird auction. They have some pretty sweet art in their Atlanta office.

avatar
4 Posted by guest | Permalink Monday, October 12, 2009 6:16 PM

Why does this degeneracy pass for "art." No doubt these ill-thought-out purchases cost several associate jobs and now only serve to mark the idiocy and generally poor decisions of the firm in question.

-Diogenes

avatar
5 Posted by guest | Permalink Monday, October 12, 2009 6:16 PM

Is Winston going to auction-off the iphones?

avatar
6 Posted by guest | Permalink Monday, October 12, 2009 6:17 PM

Slow news day ATL?

avatar
7 Posted by guest | Permalink Monday, October 12, 2009 6:19 PM

@5 I heard they didn't lay everyone off yet - they probably just lease the phones anyway.

8 Posted by Doctor Emeritus | Permalink Monday, October 12, 2009 6:19 PM

Partner E: I have the results of your digital rectal exam. The news is not good. Please give me a call at my office.

avatar
9 Posted by guest | Permalink Monday, October 12, 2009 6:49 PM

Dreir LLP stuff was way cooler (and cheaper). Then again, I dig furniture way more than art.

avatar
10 Posted by guest | Permalink Monday, October 12, 2009 7:18 PM

You can't judge by what's showing in the catalog now -- Heller had some wonderful art. And some truly odd stuff. Also some hideous yarn things. Just wait until some of the big 'installation' art pieces come online. The floating people from the stairwell (in Seattle) would look fantastic out on my deck.

avatar
11 Posted by guest | Permalink Monday, October 12, 2009 7:45 PM

Can we talk about how Steptoe rescinded their offer to me (I was summer class of 2008) and a few other people????

avatar
12 Posted by guest | Permalink Monday, October 12, 2009 7:55 PM

11-were you deferred start or did you clerk?

avatar
13 Posted by guest | Permalink Monday, October 12, 2009 7:56 PM

Heller had a very fine Diebenkorn

avatar
14 Posted by guest | Permalink Monday, October 12, 2009 8:10 PM

Elie is the big racist purple dinosaur of the Internet

avatar
15 Posted by guest | Permalink Monday, October 12, 2009 8:14 PM

Did everyone hear about the Obama's choice of PLAGIARIZED art for the White House? Read all about how pathetic this is:

http://michellemalkin.com/2009/10/08/do-the-watusi-art-imitation-and-the-obamas/

But since he chose a plagiarizer as his V.P., I guess we shouldn't be surprised...

avatar
16 Posted by guest | Permalink Monday, October 12, 2009 8:18 PM

The artist who did the 2nd piece on the page also did the cover to Beck's Guero.

17 Posted by Barack Marx | Permalink Monday, October 12, 2009 8:34 PM

My administration stands firmly with the arts. I am especially heartened by the fact that Heller Ehrman showed a well defined social conscience in choosing art from plainly unknown artists with little apparent talent instead of more well established artists. Too often people make choices based on the value of art or the talent of the artist instead of taking into consideration the need of an unknown artist to have their art purchased or the effect such discrimination has on the psyche of the artisrt. It is with great regret that an artistically progressive firm such as Heller went out of business due to the failed policies of my predecessor.

In summation, my administration strongly encourages the equalization of artistic opportunity and hopes that one day all Americans will have art of this quality in their homes and places of work.

Barack x.

avatar
18 Posted by guest | Permalink Monday, October 12, 2009 8:58 PM

The first piece is interesting. And, I might add, very cheap for a bronze.

avatar
19 Posted by guest | Permalink Monday, October 12, 2009 9:07 PM

Lot 8070 is also reasonably priced (for such a large canvas - seven feet by five feet):

http://www.bonhams.com/cgi-bin/public.sh/pubweb/publicSite.r?sContinent=USA&screen=lotdetailsNoFlash&iSaleItemNo=4438374&iSaleNo=17421&iSaleSectionNo=1

avatar
20 Posted by guest | Permalink Monday, October 12, 2009 9:28 PM

You will jinx your future if you buy.

avatar
21 Posted by guest | Permalink Monday, October 12, 2009 9:59 PM

20 - Shouldn't it be good karma to buy one of these pieces? You are contributing $$$ to the bankruptcy estate.

avatar
22 Posted by guest | Permalink Monday, October 12, 2009 10:14 PM

This stuff is cursed. Look what happened to the firms that took on the refuges from Heller Ellerman. Don't jinx yourself!

avatar
23 Posted by guest | Permalink Monday, October 12, 2009 11:47 PM

8 was priceless. That is all.

avatar
24 Posted by guest | Permalink Tuesday, October 13, 2009 12:19 AM

11 here, I didn't clerk. I just wanted a damn job.

avatar
25 Posted by guest | Permalink Tuesday, October 13, 2009 12:53 AM

I like the Doctor Emeritus. Keep it up.

avatar
26 Posted by guest | Permalink Tuesday, October 13, 2009 1:10 AM

Apparently ATL doesn't deem major legal events newsworthy (if its not juicy gossip no point in printing it!), but BofA just hired Paul Weiss to represent them. Even though the firm didn't re-up some of their contract attorneys (not fired as ATL erroneously reported), it seems like they are in good shape. But anyway back to the news ATL thrives on: random lawyers commiting inconsequential crimes!!!!

avatar
27 Posted by guest | Permalink Tuesday, October 13, 2009 5:25 AM

This is just the NY stuff, San Francisco isn't online yet. The SF collection is actually good stuff, and worth a fair amount

avatar
28 Posted by guest | Permalink Tuesday, October 13, 2009 6:34 AM

22 is absolutely correct. Heller is cursed, as are the firms that took on Heller offices or practice groups.

For example, Cooley Godward was lured into taking the Heller Seattle office. As a result, Cooley scuttled a long-planned strategic acquisition of a much more profitable non-Heller Texas group. Soon after imbibing the Heller elixir, Cooley was one of the first out of the gate with mass layoffs, followed by stealth layoffs, high-profile partner defections, more stealth layoffs, and then another round of staff layoffs, with more stealth layoffs on the horizon.


avatar
29 Posted by guest | Permalink Tuesday, October 13, 2009 7:37 AM

26 - If someone is a long-term contract and the contract is not renewed, then it is equivalent to the firing.

And the consequences for the Paul Weiss associates of the firing / non-renewal of the staff attorneys are the same: more document review.

avatar
30 Posted by guest | Permalink Tuesday, October 13, 2009 7:41 AM

Also, 26, look back at the post. It does not say they were "fired"; it says they were "let go" (which is an accurate description of not renewing someone on a long-term contract)).

http://abovethelaw.com/2009/10/paul_weiss_staff_attorney_layo.php#more

avatar
31 Posted by guest | Permalink Tuesday, October 13, 2009 8:15 AM

17:

148; Cooley @ sticker.

avatar
32 Posted by guest | Permalink Tuesday, October 13, 2009 8:29 AM

We need to bomb contemporary artwork back to the stoneage !
-DOJ Secure

33 Posted by Nigel Tufnel | Permalink Tuesday, October 13, 2009 8:56 AM

This collection of art work should not be touched. In fact, don't even look at it.

avatar
34 Posted by guest | Permalink Tuesday, October 13, 2009 9:44 AM

28, the Seattle office of Heller went in chunks to Orrick and to Davis Wright. Cooley may have built their Seattle office around the very small number of Heller refugees they took in -- but it's not correct that Cooley took on "the Seattle office".

avatar
35 Posted by No Job 3L | Permalink Tuesday, October 13, 2009 10:48 AM

Maybe if everyone bids high enough on this artwork, Heller will have enough cash to reform themselves and they can un-rescind my offer.

avatar
36 Posted by guest | Permalink Tuesday, October 13, 2009 11:14 AM

"Everybody that was going to land on their feet" should read "everybody that was going to land on his or her feet." Please, Elie, can't you let us teach you this one simple lesson about pronoun referents?

avatar
37 Posted by guest | Permalink Tuesday, October 13, 2009 11:37 AM

The ultimate in wasteful spending is when managing partners spend firm funds to make themselves look good by buying and displaying art. Dickhead is what comes to mind.

avatar
38 Posted by guest | Permalink Tuesday, October 13, 2009 1:01 PM

Those Marcel Dzama drawings are awesome. You people are uncultured morons.

avatar
39 Posted by guest | Permalink Tuesday, October 13, 2009 3:22 PM

Dear Mr. Partner E.:

Not everyone has your good taste in art. I loved the Elvis and Amazon Woman Riding a Tiger day-glo paintings on black velvet hanging at your firm.

Vlad

avatar
40 Posted by guest | Permalink Tuesday, October 13, 2009 5:22 PM

There's actually some pretty good art in there, and well priced. I've seen the art at several law firms, and heard at least once that the firm's art was purchased by a partner's wife's company. And it sure looked like it was, too. Dreier art WAS good, if occasionally on the safe side. The really interesting art at Dreier was owned by its affiliates or subsidiaries or whatever those slightly differently named companies were. I wouldn't mind having the Heller stuff in my workplace.

avatar
41 Posted by guest | Permalink Wednesday, October 14, 2009 9:55 PM

@37 I agree about the Dzamas. Considering the Contemporary art market just crashed, and that most of his work is accessible for highly romantic and fantastical art, the pricing at Auction is close to the original list (though for those in the know it's totally possible that Heller was able to cut a deal)

@Elie- he's part of the new contemporary drawing movement. It's most likely ink/watercolors on a fine paper. In the sense of art movements he's a descendant of the likes of Magritte, Miro, and Dali- albeit through the medium of drawing. Most likely you are right in identifying yourself with the figure in the foreground. As Dzamas is well known for for both not having filled out backgrounds, and for having "characters," the background figure and the relationship it has to the foreground character was probably left ambiguous to create the obvious tension you see in the drawing and you are trying to recreate through create intent on behalf of Heller's purchase.

(an actual art student)

Post Your Comment