Disgraced adviser Lisa Schiff's art holdings planned for auction at Phillips starting in November

The bankruptcy proceedings concerning Lisa Schiff's art collection have brought to light numerous complaints from clients accusing her of fraudulent practices and mismanagement.

Auction estimates for the works range up to $2 million, aimed at recuperating some of the debts incurred by Schiff's financial missteps over the past year.

A detailed cataloging by appraisers revealed over 1,000 items in Schiff's collection, sparking a significant interest regarding the upcoming auction's sales format and structure.

Read at The Art Newspaper - International art news and events