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From: Marion Maneker <marion@puck.news>
To: enzo@showfile.com
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Feb 21, 2025

Wall Power ( https://puck.news/newsletters/wall-power/?utm_campaign=3DWall+=
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Marion Maneker ( https://puck.news/author/marion-maneker/?utm_campaign=3DWa=
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Marion Maneker ( https://puck.news/author/marion-maneker/?utm_campaign=3DWa=
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Welcome back to Wall Power, Frieze Los Angeles edition. I=E2=80=99m Marion
Maneker.

Covering an art fair can be like an expedition, and I wanted to take you on=
 my weeklong journey here in L.A. So today I=E2=80=99m going to cram a lot =
of information about Frieze Los Angeles and the art market into one newslet=
ter. I also have a little more backstory on the pitch for the Riggio collec=
tion, now that Christie=E2=80=99s has won the consignment over Sotheby=E2=
=80=99s. So sit back and enjoy the ride=E2=80=A6

=E2=80=8A

A Frieze Day One Sales Report
-----------------------------

An art fair can focus a collector=E2=80=99s attention, so galleries use the=
 occasion to prime the pump, as it
were, sending their clients and art advisors, in the weeks beforehand, list=
s of the works that will be available at the fair. Many of the sales that a=
re announced at Frieze L.A. are actually the result of...

Can=E2=80=99t see the full story?=C2=A0You=E2=80=99re receiving the free ve=
rsion of Wall Power at
enzo@showfile.com. For full access to Puck, and to each of my colleagues, s=
ubscribe today.

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Frieze Your Mind ( https://puck.news/frieze-los-angeles-the-action-from-day=
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Frieze week in L.A. has everything we love about the city itself=E2=80=94fr=
esh, energetic works,
attention-seeking hipsters, and poolside pop-ups. So what if it doesn=E2=80=
=99t always fit into a nice, neat art market narrative?

Marion Maneker ( https://puck.news/author/marion-maneker/?utm_campaign=3DWa=
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c60615e3d301d48d28 )

After a quiet winter in the art market, I headed out to Frieze week in Los =
Angeles not expecting
much. That=E2=80=99s mainly because we=E2=80=99ve had so little public evid=
ence of where the art market stands lately. Still, I was hoping Frieze L.A.=
 would provide at least a glimpse of the state of the market at the moment.=
 And it did, despite the lack of a trend to give the whole market coherence=
=2E

Of course, there=E2=80=99s a dark cloud hanging over the fair about...

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ects of the business and its biggest players.
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MATTHEW BELLONI

NASCAR=E2=80=99s Loyalty Test

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e-adjust:none;text-size-adjust:none;"><div style=3D"display: none; max-heig=
ht: 0px; overflow: hidden; mso-hide:all;">Welcome back to Wall Power, Friez=
e Los Angeles edition. Covering an art fair can be like an expedition, and =
I wanted to take you on my weeklong journey here in L.A. So today I=E2=80=
=99m going to cram a lot of information about Frieze Los Angeles and the ar=
t market into one newsletter. I also have a little more backstory on the pi=
tch for the Riggio collection, now that Christie=E2=80=99s has won the cons=
ignment over Sotheby=E2=80=99s.</div>
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g=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspac=
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n:middle;color:#d40000;font-family:&#39;PuckSerifDisplay&#39;,&#39;Georgia&=
#39;;font-size:20px;font-weight:400;padding-bottom:24px;text-align:left;">
<table class=3D"b" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;displ=
ay:inline-block;padding-left:0px;padding-right:0px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation"><tbody><tr><td style=3D"vertical-align:=
middle;text-align:center;padding-top:0px;padding-bottom:0px;padding-left:0p=
x;padding-right:0px;"><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZC=
I6ImRnVDJ4Z1lEQU5TTktOT05LQUdWS3RqdE40cmxOUTBnRkg3eEZXUT0iLCJocmVmIjoiaHR0c=
HM6Ly9wdWNrLm5ld3MvYXV0aG9yL21hcmlvbi1tYW5la2VyLz91dG1fY2FtcGFpZ249V2FsbCtQ=
b3dlcistK0xFQURTKyUyODIlMkYyMSUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9V2FsbCtQb3d=
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rget=3D"_self" style=3D"text-decoration:none;"><img alt=3D"Marion Maneker" =
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ht:auto;margin:0 auto;border:0;"/></a>
</td><td style=3D"font-family:&#39;PuckSerifDisplay&#39;,&#39;Georgia&#39;;=
font-size:20px;font-weight:400;color:#d40000;vertical-align:middle;letter-s=
pacing:undefined;text-align:left;line-height:normal;"><a href=3D"https://em=
ail.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdWS3RqdE40cmxOU=
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a2VyLz91dG1fY2FtcGFpZ249V2FsbCtQb3dlcistK0xFQURTKyUyODIlMkYyMSUyRjI1JTI5XHU=
wMDI2dXRtX2NvbnRlbnQ9V2FsbCtQb3dlcistK0xFQURTKyUyODIlMkYyMSUyRjI1JTI5XHUwMD=
I2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwM=
DI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNk=
MzAxZDQ4ZDI4IiwibGlua19pZCI6ODQ3ODE3fQ/242f60370b500bdb9b8bcbbc04ff3297f9ff=
eef45d36a500406648ef080c266a" target=3D"_self" style=3D"color:#d40000;text-=
decoration:none;">Marion Maneker</a>
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<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspa=
ce:0pt;word-break:break-word;"><tbody><tr><td style=3D"padding-bottom:32px;=
"><div style=3D"color:#000000;direction:ltr;font-family:&#39;Inter&#39;,&#3=
9;Arial&#39;;font-size:17px;font-weight:400;letter-spacing:0px;line-height:=
150%;text-align:left;mso-line-height-alt:25.5px;"><p style=3D"margin:0;">We=
lcome back to Wall Power, Frieze Los Angeles edition. I=E2=80=99m <strong>M=
arion
Maneker</strong>.<br/><br/>Covering an art fair can be like an expedition, =
and I wanted to take you on my weeklong journey here in L.A. So today I=E2=
=80=99m going to cram a <em>lot</em> of information about Frieze Los Angele=
s and the art market into one newsletter. I also have a little more backsto=
ry on the pitch for the <strong>Riggio</strong> collection, now that Christ=
ie=E2=80=99s has won the consignment over Sotheby=E2=80=99s. So sit back an=
d enjoy the ride=E2=80=A6</p></div>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbo=
dy><tr><td style=3D"padding-bottom:32px;"><div class=3D"r" align=3D"center"=
>
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentatio=
n" width=3D"30%" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbod=
y><tr><td style=3D"font-size:1px;line-height:1px;border-top:2px solid #d400=
00;"><span style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table class=3D"gq" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspa=
ce:0pt;"><tbody><tr><td style=3D"padding-bottom:32px;text-align:center;widt=
h:100%;"><h3 style=3D"margin:0;color:#000000;direction:ltr;font-family:&#39=
;PuckSerifDisplay&#39;,&#39;Georgia&#39;;font-size:24px;font-weight:400;let=
ter-spacing:normal;line-height:120%;text-align:center;margin-top:0;margin-b=
ottom:0;mso-line-height-alt:28.799999999999997px;">A Frieze Day One Sales R=
eport</h3>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-b=
reak:break-word;"><tbody><tr><td style=3D"padding-bottom:32px;"><div style=
=3D"color:#000000;direction:ltr;font-family:&#39;Inter&#39;,&#39;Arial&#39;=
;font-size:17px;font-weight:400;letter-spacing:0px;line-height:150%;text-al=
ign:left;mso-line-height-alt:25.5px;"><p style=3D"margin:0;">An art fair ca=
n focus a collector=E2=80=99s attention, so galleries use the occasion to p=
rime the pump, as it
were, sending their clients and art advisors, in the weeks beforehand, list=
s of the works that will be available at the fair. Many of the sales that a=
re announced at Frieze L.A. are actually the result of...</p></div>
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lign:left;padding-left:24px;padding-right:24px;padding-top:0px;vertical-ali=
gn:top;">
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g=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspac=
e:0pt;word-break:break-word;"><tbody><tr><td style=3D"padding-bottom:32px;"=
><div style=3D"color:#000000;direction:ltr;font-family:&#39;Inter&#39;,&#39=
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50%;text-align:left;mso-line-height-alt:25.5px;"><p style=3D"margin:0;"><em=
>Can=E2=80=99t see the full story?=C2=A0<strong>You=E2=80=99re receiving th=
e free version of Wall Power at
enzo@showfile.com</strong>. For full access to Puck, and to each of my coll=
eagues, subscribe today.</em></p></div>
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x;margin:0 auto;" width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%=
" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
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ing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rsp=
ace:0pt;"><tbody><tr><td style=3D"width:100%;"><div class=3D"r" align=3D"ce=
nter" style=3D"line-height:10px"><div style=3D"max-width:600px;"><a href=3D=
"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdWS3=
RqdE40cmxOUTBnRkg3eEZXUT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvZnJpZXplLWxvc=
y1hbmdlbGVzLXRoZS1hY3Rpb24tZnJvbS1kYXktb25lLz91dG1fY2FtcGFpZ249V2FsbCtQb3dl=
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tK0xFQURTKyUyODIlMkYyMSUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdT=
AwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkN=
DhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjA5MjUw=
N30/48d37ef8e780dbc95257f7cabf1c07032099c3a0e3abd16fb6d27e02299f7b36" targe=
t=3D"_blank" style=3D"outline:none" tabindex=3D"-1"><img src=3D"https://use=
rimg-assets.customeriomail.com/images/client-env-107382/1740175780129_Friez=
e_01JMN8YAB608CCFRK9VBE7V5WZ.jpg" style=3D"display:block;height:auto;border=
:0;width:100%;" width=3D"600" alt=3D"Frieze Your Mind" title=3D"Frieze Your=
 Mind" height=3D"auto"/></a></div></div>
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acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;"><tbody><tr><td style=3D"padding-bottom:16px;padding-left:24px;p=
adding-right:24px;padding-top:16px;text-align:center;width:100%;"><h1 style=
=3D"margin:0;color:#000000;direction:ltr;font-family:&#39;PuckSerifDisplay&=
#39;,&#39;Georgia&#39;;font-size:48px;font-weight:400;letter-spacing:normal=
;line-height:120%;text-align:left;margin-top:0;margin-bottom:0;mso-line-hei=
ght-alt:
57.599999999999994px;"><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZ=
CI6ImRnVDJ4Z1lEQU5TTktOT05LQUdWS3RqdE40cmxOUTBnRkg3eEZXUT0iLCJocmVmIjoiaHR0=
cHM6Ly9wdWNrLm5ld3MvZnJpZXplLWxvcy1hbmdlbGVzLXRoZS1hY3Rpb24tZnJvbS1kYXktb25=
lLz91dG1fY2FtcGFpZ249V2FsbCtQb3dlcistK0xFQURTKyUyODIlMkYyMSUyRjI1JTI5XHUwMD=
I2dXRtX2NvbnRlbnQ9V2FsbCtQb3dlcistK0xFQURTKyUyODIlMkYyMSUyRjI1JTI5XHUwMDI2d=
XRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2=
dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzA=
xZDQ4ZDI4IiwibGlua19pZCI6MjA5MjUwN30/48d37ef8e780dbc95257f7cabf1c07032099c3=
a0e3abd16fb6d27e02299f7b36" target=3D"_blank" style=3D"text-decoration:none=
;color:#d40000;" rel=3D"noopener"><span style=3D"word-break:break-word;posi=
tion:relative;" data-position=3D"40-0-1" data-qa=3D"tinyeditor-root-element=
" data-lt-tmp-id=3D"lt-352616" data-gramm=3D"false">Frieze Your Mind</span>=
</a></h1>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-b=
reak:break-word;"><tbody><tr><td style=3D"padding-left:24px;padding-right:2=
4px;"><div style=3D"color:#000000;direction:ltr;font-family:&#39;Inter&#39;=
,&#39;Arial&#39;;font-size:19px;font-weight:400;letter-spacing:0px;line-hei=
ght:150%;text-align:left;mso-line-height-alt:28.5px;"><p style=3D"margin:0;=
">Frieze week in L.A. has everything we love about the city itself=E2=80=94=
fresh, energetic works,
attention-seeking hipsters, and poolside pop-ups. So what if it doesn=E2=80=
=99t always fit into a nice, neat art market narrative?</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
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er a quiet winter in the art market, I headed out to Frieze week in Los Ang=
eles not expecting
much. That=E2=80=99s mainly because we=E2=80=99ve had so little public evid=
ence of where the art market stands lately. Still, I was hoping Frieze L.A.=
 would provide at least a glimpse of the state of the market at the moment.=
 And it did, despite the lack of a trend to give the whole market coherence=
=2E<br/><br/>Of course, there=E2=80=99s a=20=
dark cloud hanging over the fair ab=
out...</p></div>
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eep-all;letter-spacing:normal;"><span style=3D"word-break:break-word;line-h=
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ttom:0;mso-line-height-alt:38.4px;"><span style=3D"word-break:break-word;">=
<a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktO=
T05LQUdWS3RqdE40cmxOUTBnRkg3eEZXUT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2h=
hdC1pcy1hbWF6b24tZ29pbmctdG8tZG8td2l0aC1qYW1lcy1ib25kLz91dG1fY2FtcGFpZ249V2=
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Y3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTV=
lM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZC=
I6MjA5MTkyMn0/4b98c4a18a6044e937ccf02fde718864c890da586ef71cefe2198c1ce92dc=
6a3" target=3D"_blank" style=3D"text-decoration:none;color:#d40000;" rel=3D=
"noopener">Amazon=E2=80=99s James Bond Coup</a></span></h2>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspa=
ce:0pt;word-break:break-word;"><tbody><tr><td><div style=3D"color:#000;dire=
ction:ltr;font-family:&#39;Inter&#39;,&#39;Arial&#39;;font-size:14px;font-w=
eight:700;letter-spacing:0px;line-height:120%;text-align:left;mso-line-heig=
ht-alt:16.8px;"><p style=3D"margin:0;"><strong>MATTHEW BELLONI</strong></p>=
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</td></tr></tbody></table>
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ight:400;text-align:left;padding-bottom:16px;padding-left:24px;padding-righ=
t:16px;padding-top:16px;vertical-align:top;">
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ing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rsp=
ace:0pt;"><tbody><tr><td style=3D"width:100%;padding-right:0px;padding-left=
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ass=3D"f" style=3D"max-width:210px;"><img src=3D"https://userimg-assets.cus=
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cing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rs=
pace:0pt;"><tbody><tr><td style=3D"padding-bottom:8px;text-align:center;wid=
th:100%;"><h2 style=3D"margin:0;color:#000;direction:ltr;font-family:&#39;P=
uckSerifDisplay&#39;,&#39;Georgia&#39;;font-size:32px;font-weight:400;lette=
r-spacing:normal;line-height:120%;text-align:left;margin-top:0;margin-botto=
m:0;mso-line-height-alt:38.4px;"><span style=3D"word-break:break-word;"><a =
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LQUdWS3RqdE40cmxOUTBnRkg3eEZXUT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2hpY2=
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VdhbGwrUG93ZXIrLStMRUFEUyslMjgyJTJGMjElMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVdh=
bGwrUG93ZXIrLStMRUFEUyslMjgyJTJGMjElMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWx=
fYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNj=
E1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfa=
WQiOjIwOTE4NDN9/137430f3a3d1b3080cbaa398e5bf41c998e1d83e4565a42c5487c3088cf=
6ba02" target=3D"_blank" style=3D"text-decoration:none;color:#d40000;" rel=
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<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspa=
ce:0pt;word-break:break-word;"><tbody><tr><td><div style=3D"color:#000;dire=
ction:ltr;font-family:&#39;Inter&#39;,&#39;Arial&#39;;font-size:14px;font-w=
eight:700;letter-spacing:0px;line-height:120%;text-align:left;mso-line-heig=
ht-alt:16.8px;"><p style=3D"margin:0;">JOHN OURAND</p></div>
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space:0pt;background-color:#ffffff;color:#000000;border-radius:0;width:600p=
x;margin:0 auto;" width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"41.6=
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ight:400;text-align:left;padding-bottom:16px;padding-left:24px;padding-righ=
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ass=3D"f" style=3D"max-width:210px;"><img src=3D"https://userimg-assets.cus=
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th:100%;"><h2 style=3D"margin:0;color:#000000;direction:ltr;font-family:&#3=
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tter-spacing:normal;line-height:120%;text-align:left;margin-top:0;margin-bo=
ttom:0;mso-line-height-alt:38.4px;"><a href=3D"https://email.puck.news/e/c/=
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TJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1XYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MiUyRjIxJTJG=
MjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9=
tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZj=
ZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMDkxNzgyfQ/9576d4980b91b58b30eda1=
1bcf013b00e76927f491a507135131a8c935688edc" target=3D"_blank" style=3D"text=
-decoration:none;color:#d40000;" rel=3D"noopener">Rubio=E2=80=99s Shadow Se=
cretary</a></h2>
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ction:ltr;font-family:&#39;Inter&#39;,&#39;Arial&#39;;font-size:14px;font-w=
eight:700;letter-spacing:0px;line-height:120%;text-align:left;mso-line-heig=
ht-alt:16.8px;"><p style=3D"margin:0;">TARA PALMERI</p></div>
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x;margin:0 auto;" width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%=
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