Christie’s Wins Battle for Herbert Lust Collection, Expected to Fetch More Than $50 M.

Christie’s has won the battle for the collection of the late Herbert Lust, the eccentric banker, scholar, and prolific collector whose holdings were being pursued by both of the major auction houses earlier this summer.In August, ARTnews reported that Christie’s and Sotheby’s were duking it out for what remained of Lust’s sprawling collection following his death in May at the age of 99. At the time, sources familiar with the negotiations said the estate was shopping rough