Agreement

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                                                                    Exhibit 10.9

                             SOTHEBY'S NEVADA, INC.

                      5600 Spring Mountain Road, Suite 104

                            Las Vegas, Nevada 89102

December 8, 2004

Acquavella Contemporary Art, Inc.

c/o Mr. William, R. Acquavella

1400 South Virginia Street

Reno, Nevada 89502

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 Acquavella Contemporary Art, Inc., a Nevada Corporation

("Acquavella Partner").

By letters of amendment on December 1, 2000, December 15, 2001, February 10,

2003 and January 13, 2004 we agreed to extend the term of the Partnership

Agreement through March 31