On Nov. 1, Freeman's will begin liquidating the corporate art collection of Lehman Brothers Holdings Inc. as part of its fall sale of modern and contemporary artwork. More art from the former global financial-services firm will be sold in December and February.

The 650-lot collection consists of a large selection of modern and contemporary paintings, prints, and drawings, along with a smaller group of American and fine European paintings and prints from Lehman offices in New York, Boston, and Delaware, according to a release from Freeman's.

Although none of the pieces is a blockbuster, the total collection has a market value of $1 million.

"It's a very contemporary collection," Freeman's marketing director Tom McCabe said this week. So far, Freeman's is the only auction house to have gotten part of the Lehman action, he said.

Freeman's got the consignment because of its reputation in the field of corporate artwork.

"Freeman's was able to offer Lehman Brothers an exceptional place to sell and market the first part of their art collection," Paul Roberts, president of Freeman's Auctioneers, said in the release. "Over the last 10 years, we have made selling corporate collections one of our specialties."

Freeman's is still accepting consignments for the sale, scheduled to begin at 1 p.m. Nov. 1. So far, the top item is a 1959 limited-edition Picasso linocut, Femme Accoudee, which has a presale estimate of $50,000 to $80,000, according to a flier for the sale.

Major items from Lehman Brothers include a limited-edition Roy Lichtenstein color screen print, I Love Liberty ($20,000 to $30,000); a collaged pulp painting by Arturo Herrera titled Mine ($10,000 to $15,000); a 1938 lithograph by Louis Lozowick depicting two workmen on scaffolding repairing the Brooklyn Bridge ($7,000 to $10,000); and Black Holes, by Ryan McGinness, a complete set of three color lithographs and one color monoprint from the total edition of 40 ($10,000 to $15,000).

Further details of the sale of the Lehman Brothers art collection will be made available as soon as possible. The news release also notes that the retention of Freeman's is subject to bankruptcy court approval.

For more information, call 215-563-9275 or go to www.freemansauction.com.

More Donald Kaufman toys. On Sept. 25 and 26 at its gallery at 2141 DeMarco Dr. in Vineland, Bertoia Auctions will conduct the second part of its liquidation of the toy collection of Donald Kaufman, of KB Toys fame.

The first session will feature European automotive objects, pedal cars, American cast iron, and pressed-steel vehicles. The second session will offer more of the same along with Japanese autos and biscuit tins.

Although the catalog has not yet been released, some highlights are displayed online at LiveAuctioneers, which will be supplementing the in-house bidding.

Among the Sept. 25 items are a 1912 clockwork French ambulance with Red Cross symbols on the sides and roof, opening rear doors that reveal four stretchers, electric headlamps and rubber tires; and a 1929 Vindex salesman's sample Fokker airplane with a single nickeled propeller, a tag depicting prices for one dozen, and an original pull string.

Among the Sept. 26 items are a 1912 Maerklin live steam fire engine with an exposed boiler that the online description says is "considered by every book catalogue the finest in Maerklin's range of toy perfection," and an early 1930s Tippco boxed clockwork motorcycle ridden by Mickey and Minnie Mouse.

For more information, call Bertoia at 856-692-1881 or go to www.bertoiaauction.com.

Figurines at Alderfer. At 9 a.m. Thursday in Hatfield, Alderfer Auction and Appraisal will offer antiques and collectibles including Lladro figurines and 225 lots of Hummel figurines. A dozen of the Hummels and about 50 Lladros are being offered online at Artfact.com.

Among the top Hummels are Pleasant Journey, from the Century collection, which has a minimum bid of $350, and two Hummel Club pieces: A Story From Grandma and At Grandpa's, each with a minimum bid of $160. The Lladros have minimum bids starting at $30.

Previews are from 4 to 7 p.m. Wednesday and 7 a.m. to sale time Thursday at the gallery, 501 Fairgrounds Rd. For more information, call 215-393-3023 or go to www.AlderferAuction.com.