ATL Field Trip: The Heller Ehrman Art Auction

Last month, we reported that bankrupt law firm Heller Ehrman would be selling some of its art to raise money for its creditors. Heller hopes to raise $1 million (or more) through a series of sales, in New York and California.
The first of several Heller art auctions took place yesterday at Bonhams & Butterfields, at 580 Madison Avenue in New York. We attended, both to cover the proceedings and in the hope of making a purchase or two. (The most important works from the Heller collection will be sold next year, but those pieces -- by artists like Diebenkorn, Lichtenstein, and Serra -- are a bit beyond our price range.)
Upon arrival at Bonhams, we checked in with a receptionist. We were asked to provide our driver's license and credit card for photocopying, which we did. Buyers can pay for purchases with either a credit card or a check, but the auction house still copies your credit card for its records.
(There is a slight discount for using a check or cash over a credit card. The buyer's premium, a commission paid by the winning bidder to the auction house, is 22 percent of the purchase price for credit cards, but 20 percent for cash or check.)
After supplying the requested documentation and filling out a short form, we were given a paddle for bidding. We were hoping for something wooden; the word "paddle" conjures up images of spanking -- fun! Instead, we received a laminated card of gray and white plastic, printed with the number "238" (our bidder number).
Did we make any purchases? How well did the Heller Ehrman art sell? Find out, plus check out pictures of the art, after the jump.
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* Judge Diane Cannon — no relation to actress




