New York Fairs

US: NEW York financier Saul Steinberg is to sell his collection of 61 Old Master paintings through the New York art dealer Richard Feigen. With obvious carrots dangled by the leading auction houses for such an important collection, conservatively valued at some $52m, this is a major fillip for the fine art trade.

US: FLORIDA-based organiser David Lester is negotiating for a new fair in New York City, possibly to be launched as early as October this year.