Supplied, 2 December 2010

Leading art auctioneer Rod Menzies denies the scurrilous allegations made against him by Robert Le Tet and Rick Anderson in The Age newspaper on the 2nd December.

Mr Menzies said he has always honoured every deal. He says he is well known for carrying out every commitment and for his integrity. Mr Menzies said that he operates by observing the highest ethical standards.

Mr Menzies has instructed his lawyers to commence proceedings for defamation and damages claiming $38 million

.