As we previously reported, a sizable portion of the art collection of defunct law firm Heller Ehrman was sold at auction yesterday. The auction took place at Bonhams in San Francisco, before a standing-room-only crowd.

We submitted absentee bids on the following:

• lot 1, Pale Orange Begonia (we bid $500; it sold for $1,159);
• lot 2, Glass of Water (we bid $500; it sold for $671);
• lot 99, Lover of Time (we bid $800; it sold for $1,830);
• lot 210, Bonsai and Bicycle (we bid $1,000; it sold for $4,575); and
• lot 290, Return of the Rice Cooker (we bid $2,000; it sold for $5,185).

All of the items we bid on went for well above their high estimates — bad news for us, but good news for Heller creditors. How much dinero did the auction generate in total?

Continue reading “Update: Heller Ehrman Art Auction Exceeds Expectations”