EXHIBIT 10.11
SOTHEBY’S NEVADA, INC.
5600 Spring Mountain Road, Suite 104
Las Vegas, Nevada 89102
March 1, 2006
Acquavella Contemporary Art,
Inc.
c/o Mr. William R. Acquavella
300 Pleasure Drive
Flanders, NY 11901
Dear Bill:
This letter agreement amends the
Agreement of Partnership (the “Partnership Agreement”)
of Acquavella Modern Art, a Nevada general partnership, dated May
29, 1990, between Sotheby’s Nevada, Inc., a Nevada
Corporation (“Sotheby’s Partner”), and
Acquavel