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Welcome back to Wall Power. I’m Marion Maneker. In today’s Inner Circle, I’m
returning to the question of side dealing at Sotheby’s—an issue raised in
the recently published, and epically long, New Yorker piece by Sam Knight—in
part because I wanted to clarify some points articulated to me since last
week’s installment. (There’s been some consternation over my use of the
adjective “rampant”…) I’ll get into much more below.
Sep 3, 2025
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PREVIEW VERSION
For full access to Puck Inner Circle content, subscribe today.
Marion Maneker
Welcome back to Wall Power. I’m Marion Maneker.
In today’s Inner Circle, I’m returning to the question of side dealing at
Sotheby’s—an issue raised in the recently published, and epically long, New
Yorker piece by Sam Knight—in part because I wanted to clarify some points
articulated to me since last week’s installment. (There’s been some
consternation over my use of the adjective “rampant”…) I’ll get into much
more below.
But first…
* Wall Power x Independent: I want to remind you that Independent 20th
Century is back at Casa Cipriani at the Battery Maritime Building this
weekend. I’ll be moderating two panels on Friday, September 5. The first is
a conversation with museum directors Nora Lawrence (Storm King Art Center),
James Steward (Princeton University Art Museum), Cybele Maylone (The Aldrich
Contemporary Art Museum), and Nicola Lees (Aspen Art Museum). The second is
a talk with art dealers Jeanne Greenberg Rohatyn, founder of Salon 94, and
Alma Luxembourg, partner at Luxembourg + Co. Interested in attending? Email
Fritz@puck.news
<mailto:Fritz@puck.news?utm_campaign=IC+Exclusive+Wall+Power+-+LEADS+%289%2F3%2F25%29&utm_content=IC+Exclusive+Wall+Power+-+LEADS+%289%2F3%2F25%29&utm_medium=email_action&utm_source=customer.io&utm_term=f6c60615e3d301d48d28>
to secure your spot.
* No Reserve by Josh Baer: Also at Independent will be Josh Baer, the
godfather of art market coverage, who started distributing...
Van Cleef & Arpels invites you to open the doors of wonder with the "Cosmic
Splendor: Jewelry from the Collections of Van Cleef & Arpels" exhibition at
the American Museum of Natural History in New York City. Until January 4,
2026, discover the Maison's precious creations, paying tribute to the
marvels of the cosmos.
Can’t see the full story? For full access to Puck Inner Circle content,
subscribe today.
JOIN THE INNER CIRCLE
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The Sotheby’s Side Deal Discourse, Part II
In the aftermath of side-deal-gate, a number of sources emerged to offer a
more nuanced view of the economics that might compel a Sotheby’s dealer to
treat their employer more like a platform than a partner. Maybe that’s the
future Patrick Drahi has been envisioning all along.
Marion Maneker
In last week’s Inner Circle email, which centered on The New Yorker’s recent
stem-winder on Sotheby’s, I recalled a conversation with a guy deep in the
heart of the art market who had first brought up the subject of side dealing
at the auction house. I described his comment this way: “He made reference
to the rampant side dealing taking place at Sotheby’s.” Not long after
publication, I got a call notifying me that the specialists at Sotheby’s
were pretty upset with me—not about the piece so much as the use of the word
“rampant.”
I get it, and I might have been upset, too, if I were a specialist at
Sotheby’s. But I was not trying to suggest that...
JOIN THE INNER CIRCLE
Van Cleef & Arpels invites you to open the doors of wonder with the "Cosmic
Splendor: Jewelry from the Collections of Van Cleef & Arpels" exhibition at
the American Museum of Natural History in New York City. Until January 4,
2026, discover the Maison's precious creations, paying tribute to the
marvels of the cosmos.
The ultimate fashion industry bible, offering incisive reportage on all
aspects of the business and its biggest players. Anchored by preeminent
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Finally, a media podcast about what’s actually happening in the media—not
the oversanitized, legal-and-standards-approved version you read online.
Join Dylan Byers, Puck’s veteran media reporter, as he sits down with TV
personalities, moguls, pundits, and industry executives for raw, honest,
sometimes salacious conversations about the business of media and its
biggest egos. New episodes publish every Tuesday and Friday.
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A “Psychotic” Hollywood Lawsuit
ERIQ GARDNER
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The A.I. Jobpocalypse
IAN KRIETZBERG
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Silicon Valley’s Super Bowl
JULIA ALEXANDER
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max-height: 0px; overflow: hidden; mso-hide:all;">Welcome back to Wall =
Power. I=E2=80=99m Marion Maneker. In today=E2=80=99s Inner Circle, =
I=E2=80=99m returning to the question of side dealing at =
Sotheby=E2=80=99s=E2=80=94an issue raised in the recently published, and =
epically long, New Yorker piece by Sam Knight=E2=80=94in part because I =
wanted to clarify some points articulated to me since last =
week=E2=80=99s installment. (There=E2=80=99s been some consternation =
over my use of the adjective =E2=80=9Crampant=E2=80=9D=E2=80=A6) =
I=E2=80=99ll get into much more below.</div>
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<table class=3D"c4 oq" width=3D"100%" border=3D"0" cellpadding=3D"0" =
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al';font-size:14px;font-weight:400;letter-spacing:0px;line-height:1.5=
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m:24px;text-align:left;">
<table class=3D"b" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;display:inline-block;p=
adding-left:0px;padding-right:0px;" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation"><tbody><tr><td =
style=3D"vertical-align:middle;text-align:center;padding-top:0px;padding-=
bottom:0px;padding-left:0px;padding-right:0px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaRVpscnlGS2hWb0RaUzZMODlrTT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvYX=
V0aG9yL21hcmlvbi1tYW5la2VyLz91dG1fY2FtcGFpZ249SUMrRXhjbHVzaXZlK1dhbGwrUG9=
3ZXIrLStMRUFEUyslMjg5JTJGMyUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9SUMrRXhjbHVz=
aXZlK1dhbGwrUG93ZXIrLStMRUFEUyslMjg5JTJGMyUyRjI1JTI5XHUwMDI2dXRtX21lZGl1b=
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a134f59225f50088e87" target=3D"_self" =
style=3D"text-decoration:none;"><img alt=3D"Marion Maneker" =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1739207842260_avatar-marion-update-2025-02-10_01JKRDV6FXDFC5A7AK1PGGWTBD=
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style=3D"display:block;height:auto;margin:0 auto;border:0;"/></a>
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style=3D"font-family:'PuckSerifDisplay','Georgia';font-si=
ze:20px;font-weight:400;color:#d40000;vertical-align:middle;letter-spacin=
g:undefined;text-align:left;line-height:normal;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaRVpscnlGS2hWb0RaUzZMODlrTT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvYX=
V0aG9yL21hcmlvbi1tYW5la2VyLz91dG1fY2FtcGFpZ249SUMrRXhjbHVzaXZlK1dhbGwrUG9=
3ZXIrLStMRUFEUyslMjg5JTJGMyUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9SUMrRXhjbHVz=
aXZlK1dhbGwrUG93ZXIrLStMRUFEUyslMjg5JTJGMyUyRjI1JTI5XHUwMDI2dXRtX21lZGl1b=
T1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm=
09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI=
4IiwibGlua19pZCI6ODQ3ODE3fQ/81a877a040e2400fe9752dee1652aa202e5b9b81e29bc=
a134f59225f50088e87" target=3D"_self" =
style=3D"color:#d40000;text-decoration:none;">Marion Maneker</a>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table class=3D"c4 oq" 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-break:break-word;=
"><tbody><tr><td class=3D"r5" style=3D"padding-bottom:32px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p =
style=3D"margin:0;">Welcome back to Wall Power. I=E2=80=99m =
<strong>Marion Maneker</strong>.<br/><br/>In today=E2=80=99s
Inner Circle, I=E2=80=99m returning to the question of side dealing at =
Sotheby=E2=80=99s=E2=80=94an issue raised in the recently published, and =
epically long, <em>New Yorker </em><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaRVpscnlGS2hWb0RaUzZMODlrTT0iLCJocmVmIjoiaHR0cHM6Ly93d3cubmV3eW9ya2=
VyLmNvbS9tYWdhemluZS8yMDI1LzA5LzAxL2hvdy1hLWJpbGxpb25haXJlLW93bmVyLWJyb3V=
naHQtdHVybW9pbC1hbmQtdHJvdWJsZS10by1zb3RoZWJ5cz91dG1fY2FtcGFpZ249SUMrRXhj=
bHVzaXZlK1dhbGwrUG93ZXIrLStMRUFEUyslMjg5JTJGMyUyRjI1JTI5XHUwMDI2dXRtX2Nvb=
nRlbnQ9SUMrRXhjbHVzaXZlK1dhbGwrUG93ZXIrLStMRUFEUyslMjg5JTJGMyUyRjI1JTI5XH=
UwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLml=
vXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYw=
NjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjMzNDQ5MX0/450c8fd0c30c7beb3caa85844=
72c2e66f8b1dfe8062806cbdc98689191b48c35" =
style=3D"text-decoration:underline;color:#d40000;">piece</a> by =
<strong>Sam Knight</strong>=E2=80=94in part because I wanted to clarify =
some points articulated to me since last week=E2=80=99s
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaRVpscnlGS2hWb0RaUzZMODlrTT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvc2=
90aGVieXMtc2lkZS1odXN0bGVzLWdvLXB1YmxpYy8_dXRtX2NhbXBhaWduPUlDK0V4Y2x1c2l=
2ZStXYWxsK1Bvd2VyKy0rTEVBRFMrJTI4OSUyRjMlMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50=
PUlDK0V4Y2x1c2l2ZStXYWxsK1Bvd2VyKy0rTEVBRFMrJTI4OSUyRjMlMkYyNSUyOVx1MDAyN=
nV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MD=
AyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWU=
zZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIzMzQ0OTR9/8e446e78eec0413a41d5f25c9f6777e=
334581a33c5c46a092f67dffc53b91545" =
style=3D"text-decoration:underline;color:#d40000;">installment</a>. =
(There=E2=80=99s been some consternation over my use of the adjective =
=E2=80=9Crampant=E2=80=9D=E2=80=A6) I=E2=80=99ll get into much more =
below.<br/><br/><em>But first=E2=80=A6</em></p></div>
</td></tr></tbody></table>
<table class=3D"q p" 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-break:break-word;=
color:#000000;direction:ltr;font-family:'Inter','Arial';f=
ont-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5;text-ali=
gn:left;mso-line-height-alt:26px;"><tbody><tr><td class=3D"r5" =
style=3D"padding-bottom:3px;"><div style=3D"margin-left:-20px"><ul =
start=3D"1" =
style=3D"margin-top:0;margin-bottom:0;list-style-type:revert;"><li =
style=3D"Margin:0 0 24px 0;"><em>Wall Power x Independent</em>: I want =
to remind you that Independent 20th Century is back at Casa Cipriani at =
the Battery Maritime Building this weekend. I=E2=80=99ll be moderating =
two panels on Friday, September 5. The first is a conversation with =
museum directors <strong>Nora Lawrence</strong> (Storm King Art Center), =
<strong>James Steward</strong> (Princeton University Art Museum), =
<strong>Cybele Maylone </strong>(The Aldrich Contemporary Art Museum), =
and <strong>Nicola
Lees </strong>(Aspen Art Museum). The second is a talk with art dealers =
<strong>Jeanne Greenberg Rohatyn</strong>, founder of Salon 94, and =
<strong>Alma Luxembourg</strong>, partner at Luxembourg + Co. Interested =
in attending? Email <a =
href=3D"mailto:Fritz@puck.news?utm_campaign=3DIC+Exclusive+Wall+Power+-+L=
EADS+%289%2F3%2F25%29&utm_content=3DIC+Exclusive+Wall+Power+-+LEADS+%=
289%2F3%2F25%29&utm_medium=3Demail_action&utm_source=3Dcustomer.i=
o&utm_term=3Df6c60615e3d301d48d28" =
style=3D"text-decoration:underline;color:#d40000;">Fritz@puck.news</a> =
to secure your spot.</li><li style=3D"Margin:0 0 24px 0;"><em>No Reserve =
by Josh Baer</em>: Also at Independent will be <strong>Josh =
Baer</strong>, the godfather of
art market coverage, who started distributing...</li></ul></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" 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;"><tbody><tr><td>
<table class=3D"c ie" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;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=
lign:left;border-bottom:1px solid #d40000;border-top:1px solid =
#d40000;padding-bottom:32px;padding-left:24px;padding-right:24px;padding-=
top:32px;
vertical-align:top;">
<table class=3D"j np n5" 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;"><tbody><tr><td =
class=3D"r5" style=3D"padding-bottom:16px;width:100%;"><div class=3D"r" =
align=3D"center"><div style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaRVpscnlGS2hWb0RaUzZMODlrTT0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbG=
ljay5uZXQvZGRtL3RyYWNrY2xrL04yNTY3OTAxLjQyMzU4NjVQVUNLTkVXUy9CMzQwMzcwMjU=
uNDI3NDYxMjMwO2RjX3Rya19haWQ9NjIwNjE2NDA4O2RjX3Rya19jaWQ9MjQwNzE0MDQyO2Rj=
X2xhdD07ZGNfcmRpZD07dGFnX2Zvcl9jaGlsZF9kaXJlY3RlZF90cmVhdG1lbnQ9O3RmdWE9O=
2dkcHI9JCU3QkdEUFIlN0Q7Z2Rwcl9jb25zZW50PSQlN0JHRFBSX0NPTlNFTlRfNzU1JTdEO2=
x0ZD07ZGNfdGR2PTE_dXRtX2NhbXBhaWduPUlDK0V4Y2x1c2l2ZStXYWxsK1Bvd2VyKy0rTEV=
BRFMrJTI4OSUyRjMlMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PUlDK0V4Y2x1c2l2ZStXYWxs=
K1Bvd2VyKy0rTEVBRFMrJTI4OSUyRjMlMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfY=
WN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNj=
E1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmt=
faWQiOjIzMzk1NzV9/09c373c2da8320e880445e13dc3b933fffda90b2c3b06377b6c9597=
af44a06d4" target=3D"_blank"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1755532558012_VCA_US_AMNH_2025_600x400_x2_01K2YY9ZRD7R4C72VBC19NCFNG.jpg=
" style=3D"display:block;height:auto;border:0;width:100%;" width=3D"552" =
alt=3D"Van Cleef
& Arpels" title=3D"Van Cleef & Arpels" =
height=3D"auto"/></a></div></div>
</td></tr></tbody></table>
<table class=3D"j oq n" 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;mso-hide:all;display:n=
one;max-height:0;overflow:hidden;"><tbody><tr><td class=3D"r5" =
style=3D"padding-bottom:16px;width:100%;"><div class=3D"r" =
align=3D"center"><div style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaRVpscnlGS2hWb0RaUzZMODlrTT0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbG=
ljay5uZXQvZGRtL3RyYWNrY2xrL04yNTY3OTAxLjQyMzU4NjVQVUNLTkVXUy9CMzQwMzcwMjU=
uNDI3NDU4NDM0O2RjX3Rya19haWQ9NjIwNjE2NDA4O2RjX3Rya19jaWQ9MjQwNzE0MDQyO2Rj=
X2xhdD07ZGNfcmRpZD07dGFnX2Zvcl9jaGlsZF9kaXJlY3RlZF90cmVhdG1lbnQ9O3RmdWE9O=
2dkcHI9JCU3QkdEUFIlN0Q7Z2Rwcl9jb25zZW50PSQlN0JHRFBSX0NPTlNFTlRfNzU1JTdEO2=
x0ZD07ZGNfdGR2PTE_dXRtX2NhbXBhaWduPUlDK0V4Y2x1c2l2ZStXYWxsK1Bvd2VyKy0rTEV=
BRFMrJTI4OSUyRjMlMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PUlDK0V4Y2x1c2l2ZStXYWxs=
K1Bvd2VyKy0rTEVBRFMrJTI4OSUyRjMlMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfY=
WN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNj=
E1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmt=
faWQiOjIzMzk1Nzl9/bc0ec3500d98070c8430e5a1c3992421d5ffa86ded65c1e221ccdf0=
73d310038" target=3D"_blank"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1755532557227_VCA_US_AMNH_2025_600x700_x2_01K2YY9Z4R44P9TBCJTS0BPTT3.jpg=
" style=3D"display:block;height:auto;border:0;width:100%;" width=3D"552" =
alt=3D"Van Cleef
& Arpels" title=3D"Van Cleef & Arpels" =
height=3D"auto"/></a></div></div>
</td></tr></tbody></table>
<table class=3D"c4 p" 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-break:break-word;=
"><tbody><tr><td class=3D"r5"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.2=
;text-align:left;mso-line-height-alt:20px;"><p =
style=3D"margin:0;margin-bottom:0px;">Van Cleef & Arpels invites you =
to open the doors of wonder with the "Cosmic Splendor: Jewelry
from the Collections of Van Cleef & Arpels" exhibition at the =
American Museum of Natural History in New York City. Until January 4, =
2026, discover the Maison's precious creations, paying tribute to =
the marvels of the cosmos.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
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class=3D"r5" style=3D"width:100%;"><div class=3D"r" =
align=3D"center"><div style=3D"max-width:600px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
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dG1fY29udGVudD1JQytFeGNsdXNpdmUrV2FsbCtQb3dlcistK0xFQURTKyUyODklMkYzJTJGM=
jUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG=
9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjo=
iZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMzQxNDEwfQ/52f53be7e818e8286=
c18f5964c62a8b0e8f296407f88b8222280ee894b047f8c" target=3D"_blank"><img =
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style=3D"display:block;height:auto;
border:0;width:100%;" width=3D"600" alt=3D"The Sotheby=E2=80=99s Side =
Deal Discourse, Part II" title=3D"The Sotheby=E2=80=99s Side Deal =
Discourse, Part II" height=3D"auto"/></a></div></div>
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class=3D"r5" =
style=3D"padding-bottom:16px;padding-left:24px;padding-right:24px;text-al=
ign:center;width:100%;"><h1 =
style=3D"margin:0;color:#000000;direction:ltr;font-family:'PuckSerifD=
isplay','Georgia';font-size:48px;font-weight:400;letter-spaci=
ng:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;ms=
o-line-height-alt:58px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaRVpscnlGS2hWb0RaUzZMODlrTT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdG=
hlLXNvdGhlYnlzLXNpZGUtZGVhbC1kaXNjb3Vyc2UtcGFydC10d28vP3V0bV9jYW1wYWlnbj1=
JQytFeGNsdXNpdmUrV2FsbCtQb3dlcistK0xFQURTKyUyODklMkYzJTJGMjUlMjlcdTAwMjZ1=
dG1fY29udGVudD1JQytFeGNsdXNpdmUrV2FsbCtQb3dlcistK0xFQURTKyUyODklMkYzJTJGM=
jUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG=
9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjo=
iZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMzQxNDEwfQ/52f53be7e818e8286=
c18f5964c62a8b0e8f296407f88b8222280ee894b047f8c" target=3D"_blank" =
style=3D"text-decoration:none;color:#d40000;" =
data-mce-attribute-name-1=3D"" data-mce-attribute-value-1=3D"" =
data-mce-attributes-count=3D"1" rel=3D"noopener">The Sotheby=E2=80=99s =
Side Deal Discourse, Part II</a></h1>
</td></tr></tbody></table>
<table class=3D"c4" 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-break:break-word;=
"><tbody><tr><td class=3D"r5" =
style=3D"padding-left:24px;padding-right:24px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:19px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:29px;"><p style=3D"margin:0;">In =
the aftermath of side-deal-gate, a number of sources emerged to
offer a more nuanced view of the economics that might compel a =
Sotheby=E2=80=99s dealer to treat their employer more like a platform =
than a partner. Maybe that=E2=80=99s the future Patrick Drahi has been =
envisioning all along.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
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transparent;border-top:8px solid =
transparent;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
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eight:0;"><tbody><tr><td class=3D"r5" =
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role=3D"presentation"><tbody><tr><td =
style=3D"vertical-align:middle;text-align:center;padding-top:0px;padding-=
bottom:0px;padding-left:0px;padding-right:0px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaRVpscnlGS2hWb0RaUzZMODlrTT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvYX=
V0aG9yL21hcmlvbi1tYW5la2VyLz91dG1fY2FtcGFpZ249SUMrRXhjbHVzaXZlK1dhbGwrUG9=
3ZXIrLStMRUFEUyslMjg5JTJGMyUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9SUMrRXhjbHVz=
aXZlK1dhbGwrUG93ZXIrLStMRUFEUyslMjg5JTJGMyUyRjI1JTI5XHUwMDI2dXRtX21lZGl1b=
T1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm=
09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI=
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ze:20px;font-weight:400;color:#d40000;vertical-align:middle;letter-spacin=
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href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaRVpscnlGS2hWb0RaUzZMODlrTT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvYX=
V0aG9yL21hcmlvbi1tYW5la2VyLz91dG1fY2FtcGFpZ249SUMrRXhjbHVzaXZlK1dhbGwrUG9=
3ZXIrLStMRUFEUyslMjg5JTJGMyUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9SUMrRXhjbHVz=
aXZlK1dhbGwrUG93ZXIrLStMRUFEUyslMjg5JTJGMyUyRjI1JTI5XHUwMDI2dXRtX21lZGl1b=
T1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm=
09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI=
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<table align=3D"center" 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;"><tbody><tr><td>
<table class=3D"c ie" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;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=
lign:left;padding-left:24px;padding-right:24px;padding-top:16px;vertical-=
align:top;">
<table class=3D"c4 np" 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-break:break-word;=
"><tbody><tr><td class=3D"r5" style=3D"padding-bottom:32px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p style=3D"margin:0;">In =
last week=E2=80=99s Inner Circle email, which centered on <em>The New =
Yorker</em>=E2=80=99s
recent stem-winder on Sotheby=E2=80=99s, I recalled a conversation with =
a guy deep in the heart of the art market who had first brought up the =
subject of side dealing at the auction house. I described his comment =
this way: =E2=80=9CHe made reference to the rampant side dealing taking =
place at Sotheby=E2=80=99s.=E2=80=9D Not long after publication, I got a =
call notifying me that the specialists at Sotheby=E2=80=99s were pretty =
upset with me=E2=80=94not about the piece so much as the use of the word =
=E2=80=9Crampant.=E2=80=9D<br/><br/>I get it, and I might have
been upset, too, if I were a specialist at Sotheby=E2=80=99s. But I was =
not trying to suggest that...</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
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cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
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ff;border-radius:0;color:#000000;width:600px;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=
lign:left;padding-left:24px;padding-right:24px;vertical-align:top;">
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class=3D"r" align=3D"center"><a =
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bottom:8px;padding-top:8px;padding-left:0px;padding-right:0px;text-align:=
center;width:60%;word-break:keep-all;letter-spacing:normal;"><span =
style=3D"word-break:break-word;line-height:28px;">JOIN THE INNER =
CIRCLE</span></span></a></div>
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<table class=3D"c ie" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;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=
lign:left;border-bottom:1px solid #d40000;border-top:1px solid =
#d40000;padding-bottom:32px;padding-left:24px;padding-right:24px;padding-=
top:32px;
vertical-align:top;">
<table class=3D"j np n5" 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;"><tbody><tr><td =
class=3D"r5" style=3D"padding-bottom:16px;width:100%;"><div class=3D"r" =
align=3D"center"><div style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaRVpscnlGS2hWb0RaUzZMODlrTT0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbG=
ljay5uZXQvZGRtL3RyYWNrY2xrL04yNTY3OTAxLjQyMzU4NjVQVUNLTkVXUy9CMzQwMzcwMjU=
uNDI3NDYxMjMwO2RjX3Rya19haWQ9NjIwNjE2NDA4O2RjX3Rya19jaWQ9MjQwNzE0MDQyO2Rj=
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x0ZD07ZGNfdGR2PTE_dXRtX2NhbXBhaWduPUlDK0V4Y2x1c2l2ZStXYWxsK1Bvd2VyKy0rTEV=
BRFMrJTI4OSUyRjMlMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PUlDK0V4Y2x1c2l2ZStXYWxs=
K1Bvd2VyKy0rTEVBRFMrJTI4OSUyRjMlMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfY=
WN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNj=
E1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmt=
faWQiOjIzMzk1NzV9/09c373c2da8320e880445e13dc3b933fffda90b2c3b06377b6c9597=
af44a06d4" target=3D"_blank"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1755532558012_VCA_US_AMNH_2025_600x400_x2_01K2YY9ZRD7R4C72VBC19NCFNG.jpg=
" style=3D"display:block;height:auto;border:0;width:100%;" width=3D"552" =
alt=3D"Van Cleef
& Arpels" title=3D"Van Cleef & Arpels" =
height=3D"auto"/></a></div></div>
</td></tr></tbody></table>
<table class=3D"j oq n" 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;mso-hide:all;display:n=
one;max-height:0;overflow:hidden;"><tbody><tr><td class=3D"r5" =
style=3D"padding-bottom:16px;width:100%;"><div class=3D"r" =
align=3D"center"><div style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaRVpscnlGS2hWb0RaUzZMODlrTT0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbG=
ljay5uZXQvZGRtL3RyYWNrY2xrL04yNTY3OTAxLjQyMzU4NjVQVUNLTkVXUy9CMzQwMzcwMjU=
uNDI3NDU4NDM0O2RjX3Rya19haWQ9NjIwNjE2NDA4O2RjX3Rya19jaWQ9MjQwNzE0MDQyO2Rj=
X2xhdD07ZGNfcmRpZD07dGFnX2Zvcl9jaGlsZF9kaXJlY3RlZF90cmVhdG1lbnQ9O3RmdWE9O=
2dkcHI9JCU3QkdEUFIlN0Q7Z2Rwcl9jb25zZW50PSQlN0JHRFBSX0NPTlNFTlRfNzU1JTdEO2=
x0ZD07ZGNfdGR2PTE_dXRtX2NhbXBhaWduPUlDK0V4Y2x1c2l2ZStXYWxsK1Bvd2VyKy0rTEV=
BRFMrJTI4OSUyRjMlMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PUlDK0V4Y2x1c2l2ZStXYWxs=
K1Bvd2VyKy0rTEVBRFMrJTI4OSUyRjMlMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfY=
WN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNj=
E1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmt=
faWQiOjIzMzk1Nzl9/bc0ec3500d98070c8430e5a1c3992421d5ffa86ded65c1e221ccdf0=
73d310038" target=3D"_blank"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1755532557227_VCA_US_AMNH_2025_600x700_x2_01K2YY9Z4R44P9TBCJTS0BPTT3.jpg=
" style=3D"display:block;height:auto;border:0;width:100%;" width=3D"552" =
alt=3D"Van Cleef
& Arpels" title=3D"Van Cleef & Arpels" =
height=3D"auto"/></a></div></div>
</td></tr></tbody></table>
<table class=3D"c4 p" 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-break:break-word;=
"><tbody><tr><td class=3D"r5"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.2=
;text-align:left;mso-line-height-alt:20px;"><p =
style=3D"margin:0;margin-bottom:0px;">Van Cleef & Arpels invites you =
to open the doors of wonder with the "Cosmic Splendor: Jewelry
from the Collections of Van Cleef & Arpels" exhibition at the =
American Museum of Natural History in New York City. Until January 4, =
2026, discover the Maison's precious creations, paying tribute to =
the marvels of the cosmos.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" 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;"><tbody><tr><td>
<table class=3D"c ie" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;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=
lign:left;padding-bottom:32px;padding-left:24px;padding-right:24px;paddin=
g-top:32px;vertical-align:top;">
<table class=3D"j np" 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;"><tbody><tr><td =
class=3D"r5" style=3D"padding-bottom:32px;width:100%;"><div class=3D"r" =
align=3D"center"><div style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaRVpscnlGS2hWb0RaUzZMODlrTT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvbm=
V3c2xldHRlcnMvbGluZS1zaGVldC8_dXRtX2NhbXBhaWduPUlDK0V4Y2x1c2l2ZStXYWxsK1B=
vd2VyKy0rTEVBRFMrJTI4OSUyRjMlMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PUlDK0V4Y2x1=
c2l2ZStXYWxsK1Bvd2VyKy0rTEVBRFMrJTI4OSUyRjMlMkYyNSUyOVx1MDAyNnV0bV9tZWRpd=
W09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZX=
JtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQ=
yOCIsImxpbmtfaWQiOjQyNjA0NX0/6fcdb1e2560b7f347452d2969eedfa69accd4fdb4566=
b6e9e0c7140bf44afa0e" target=3D"_blank"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1751986614787_nl-visual-ls_01JZN8MCHM2JVN1CDZPKSBR633.png" =
style=3D"display:block;height:
auto;border:0;width:100%;" width=3D"552" alt=3D"Line Sheet" =
title=3D"Line Sheet" height=3D"auto"/></a></div></div>
</td></tr></tbody></table>
<table class=3D"c4 oq" 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-break:break-word;=
"><tbody><tr><td class=3D"r5"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.2=
;text-align:left;mso-line-height-alt:20px;"><p style=3D"margin:0;">The =
ultimate fashion industry bible, offering incisive reportage on all =
aspects of the business and its biggest
players. Anchored by preeminent fashion journalist Lauren Sherman, Line =
Sheet also features veteran reporter Rachel Strugatz, who delivers =
unparalleled intel on what=E2=80=99s happening in the beauty industry, =
and Sarah Shapiro, a longtime retail strategist who writes about =
e-commerce, brick-and-mortar, D.T.C., and more.=C2=A0</p></div>
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</td></tr></tbody></table>
</td></tr></tbody></table>
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cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c ie" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;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=
lign:left;padding-bottom:32px;padding-left:24px;padding-right:24px;paddin=
g-top:32px;vertical-align:top;">
<table class=3D"j np" 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;"><tbody><tr><td =
class=3D"r5" style=3D"padding-bottom:32px;width:100%;"><div class=3D"r" =
align=3D"center"><div style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaRVpscnlGS2hWb0RaUzZMODlrTT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdHMvdGhlLWdyaWxsLXJvb20vP3V0bV9jYW1wYWlnbj1JQytFeGNsdXNpdmUrV2FsbCt=
Qb3dlcistK0xFQURTKyUyODklMkYzJTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1JQytFeGNs=
dXNpdmUrV2FsbCtQb3dlcistK0xFQURTKyUyODklMkYzJTJGMjUlMjlcdTAwMjZ1dG1fbWVka=
XVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdG=
VybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDh=
kMjgiLCJsaW5rX2lkIjoxOTUwNDkxfQ/7cda135d866498cb0255437f5d8c5b1db624e2c0b=
7cc0d3f1de33cf7af7ba873" target=3D"_blank"><img =
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H.png" style=3D"display:block;height:auto;border:0;width:100%;" =
width=3D"552" alt=3D"The Grill Room" title=3D"The Grill Room" =
height=3D"auto"/></a></div></div>
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<table class=3D"c4 oq" 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-break:break-word;=
"><tbody><tr><td class=3D"r5"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.2=
;text-align:left;mso-line-height-alt:20px;"><p =
style=3D"margin:0;">Finally, a media podcast about what=E2=80=99s =
<em>actually</em> happening in the media=E2=80=94not the oversanitized,
legal-and-standards-approved version you read online. Join Dylan Byers, =
Puck=E2=80=99s veteran media reporter, as he sits down with TV =
personalities, moguls, pundits, and industry executives for raw, honest, =
sometimes salacious conversations about the business of media and its =
biggest egos. New episodes publish every Tuesday and Friday.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" 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;"><tbody><tr><td>
<table class=3D"c ie" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;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=
lign:left;padding-bottom:16px;padding-left:24px;padding-right:24px;paddin=
g-top:32px;vertical-align:top;">
<table class=3D"j np" 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;"><tbody><tr><td =
class=3D"r5" style=3D"width:100%;"><div class=3D"r" =
align=3D"center"><div style=3D"max-width:552px;"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
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QAEG.png" style=3D"display:block;height:auto;border:0;width:100%;" =
width=3D"552" alt=3D"Stories" title=3D"Stories" =
height=3D"auto"/></div></div>
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</td></tr></tbody></table>
</td></tr></tbody></table>
<table class=3D"s" align=3D"center" width=3D"100%" border=3D"0" =
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style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
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style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
class=3D"r5" =
style=3D"width:100%;padding-right:0px;padding-left:0px;"><div =
class=3D"r" align=3D"center"><div class=3D"f" =
style=3D"max-width:210px;"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
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alt=3D"A =E2=80=9CPsychotic=E2=80=9D Hollywood Lawsuit" title=3D"A =
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height=3D"auto"/></div></div>
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l-align:top;">
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style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
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style=3D"padding-bottom:8px;text-align:center;width:100%;"><h2 =
style=3D"margin:0;color:#000000;direction:ltr;font-family:'PuckSerifD=
isplay','Georgia';font-size:32px;font-weight:400;letter-spaci=
ng:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;ms=
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data-mce-attribute-name-1=3D"" data-mce-attribute-value-1=3D"" =
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style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
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style=3D"color:#000;direction:ltr;font-family:'Inter','Arial&=
#39;;font-size:14px;font-weight:700;letter-spacing:0px;line-height:1.2;te=
xt-align:left;mso-line-height-alt:17px;"><p style=3D"margin:0;">ERIQ =
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alt=3D"The
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style=3D"padding-bottom:8px;text-align:center;width:100%;"><h2 =
style=3D"margin:0;color:#000;direction:ltr;font-family:'PuckSerifDisp=
lay','Georgia';font-size:32px;font-weight:400;letter-spacing:=
normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-l=
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href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
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#39;;font-size:14px;font-weight:700;letter-spacing:0px;line-height:1.2;te=
xt-align:left;mso-line-height-alt:17px;"><p style=3D"margin:0;">IAN =
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ng:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;ms=
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#39;;font-size:14px;font-weight:700;letter-spacing:0px;line-height:1.2;te=
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