A judge has fired the executor of the late dealer Allan Stone’s $300 million estate, according to Artnet. When the Upper East Side dealer passed away in 2006 he left his collection and three homes to the Clare Stone Marital Trust, named for his wife. Ms. Stone accused the trust’s executor, Lelia Wood-Smith, of stealing $8.5 million from the trust and stashing his famed art collection in an undisclosed location without permission.
The removal of Ms. Wood-Smith happened a few weeks ago, according to the article. The judge called Ms. Wood-Smith “unsuitable” to execute the trust. Read the rest of the story on Artnet.