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Refco Asks Christie’s To Auction Off Its Art

Law360 (January 26, 2006, 12:00 AM EST) -- Beleaguered brokerage firm Refco Inc. has enlisted the help of Christie’s auction house in its struggle to emerge from bankruptcy and repay $16.8 billion in debts.

On Wednesday, Refco filed a motion with the U.S. Bankruptcy Court of the Southern District of New York, asking for a judge to grant Christies permission to auction off Refco’s storied art collection, worth an estimated $7 million.

In addition to paintings, sculptures, and prints, the collection consists of over 500 photographs by artists such as Cindy Sherman, Charles Ray,...
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