Remember Joe Gregory? Former Lehman Brothers president? Used to commute to the office from Long Island via helicopter? Was publicly dressed down by Dick Fuld on at least one occasion for leaving the house wearing a hideous green suit? He voluntarily resigned in June 2008, and since he technically wasn't on site when the firm bit the big one, felt he was entitled to $233 million in back pay. And yet, despite filing a claim for his money over four years ago, has seen not one dime! Presumably the estate will get to his case soon (Gregory's claim remains outstanding, so there's still hope) but in the meantime, Big G's gotta put food on the table. He put his 15,000-square-foot home on the market last year for $22 million and now is holding a fire sale of all his furniture.
Auction house Sotheby's said on Tuesday that "important English furniture from some of the most notable cabinet makers, along with European porcelain and decorations" would be auctioned next month in a sale devoted to the collection of Gregory and his wife, Niki. Among the items listed for auction are two commodes—chests of drawers—made in the 1700s, estimated to be worth up to $120,000 and $400,000, and a painting by the Dutch artist Bartholomeus Assteyn titled "A Still Life of Grapes, Cherries, Peaches and Other Fruit in a Basket, with a Rose and a Dragonfly on a Stone Ledge," listed for $60,000 to $80,000...Items for sale also include a desk-and-bookcase, a breakfront bookcase and a pair of George III pier tables, all created in the 1700s by English furniture makers, along with European porcelain and decorations. The Gregorys will also sell artwork in their collection by Robert Léopold Leprince and John Glover, which will be auctioned as part of Sotheby's Old Masters week.
Maybe English period pieces aren't quite your style, maybe you already have enough commodes-- doesn't matter. You're not doing this for you, you're doing it for Gregory, who's had the patience of a saint waiting on his 233 mill. If you truly don't have the space for any of these items, wait a couple of months and you'll be able to buy lots that include the Gregorys' vintage sheets and beach towels.