Financial Distress 

The credit crunch: Lehman Brothers wall plate

The credit crunch: Lehman Brothers wall plate

Would you pay £42,000 for a metal wall plate? You get a decent amount of metal for your money – the sign is 10ft wide – but even so. The significance is in the name: Lehman Brothers; the name that’s synonymous with – in a sense, even triggered – the credit crunch, the biggest financial meltdown in the lives of anyone reading this and from which the developed world has yet to fully recover. The depths of the fall and the timidity of the recovery make it all the more odd that someone would pay £42,000 – including buyer’s premium – for a name plate screwed to the wall of an unexceptional office block in the City, however infamous the background story.

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