1. Sotheby’s is ending its partnership with Canadian auction house Ritchie’s after working together since 2002.

2. Rose Art Museum filed a lawsuit against Brandeis University who plans to close the museum and sell the works in order to make money for the university to confront a shrinking endowment.

3. Bauhaus: A Conceptual Model,” opened last week in the Martin-Gropius-Bau exhibition hall in Berlin as the biggest Bauhaus retrospective ever.

4. China will host a festival of Asian and European art this fall featuring 45 artists, art groups and scholars whom are members of Asia- Europe Meeting (ASEM).

5. Christopher “Kip” Forbes, Vice Chairman of Forbes, is following the trend of selling works through discreet private transactions rather than public auctions and has offered 36 works with a total value of $12.9 million to London dealers at the Fine Art Society.