Artist Color Proof "China Empire Dragon"

Description: This item is an original Digital Watercolor Artist Proof featuring an image of the early history of Lehman Brothers and is an artist color and tone study proof image printed on Arches 80lb water color paper using a professional Iris giclée circa 8 Jan 1994. This image and similar ones were created for display at Lehman Brothers Corporate HQ in New York City at 1 William Street. BACKGROUND Lehman Brothers Holdings Inc. was a global financial services firm founded in 1847. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch), doing business in investment banking, equity and fixed-income sales and trading (especially U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008. The filing for Chapter 11 bankruptcy protection by Lehman Brothers on September 15, 2008 remains the largest bankruptcy filing in U.S. history, with Lehman holding over US$600 billion in assets. The bank and financial services firm had become so deeply involved in mortgage origination that it had effectively become a real estate hedge fund disguised as an investment bank. At the height of the subprime mortgage crisis, it was exceptionally vulnerable to any downturn in real estate values. According to Bloomberg, reports filed with the U.S. Bankruptcy Court, Southern District of New York (Manhattan) on September 16 indicated that JPMorgan Chase & Co. provided Lehman Brothers with a total of $138 billion in "Federal Reserve-backed advances". The bankruptcy triggered a one-day drop in the Dow Jones Industrial Average of 4.5%, at the time, the largest decline since the September 11, 2001 attacks. What are Artist's Proofs? When an artist is checking the color and quality of the limited edition he will receive proofs. Traditionally, Artist's Proofs, remained the property of the artist. In modern times they are sold at the same time as the Limited Edition Prints. Artist's Proofs are exactly the same in terms of how they are printed, the colors, quality of printing, paper etc. Artists number them, often with Roman numerals and with the mark A/P. Artists sign them too, exactly the same as with the limited editions. There are not as many artists proofs released however. Normally only 10-15% of the limited edition run is released as Artist's Proofs. NOTE: The final printing of this lot was an edition of one (1). SPECIFICATIONS Giclée image printed on 80lb arches water color paper with professional Iris printer Title: "China Empire Dragon" Size: 10 x 4 3/4 inches Photo is the actual item. See image detail with eBay zoom feature for close up view. Please check our other unique photographic process and militaria items! Offering only premium quality items with fast shipping since 2005. Quality Purveyor | Fair | Fast

Price: 100 USD

Location: Westford, Massachusetts

End Time: 2023-11-21T22:38:33.000Z

Shipping Cost: 9.65 USD