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Subject: The $1.15B Question, Magritte Tea Leaves & A Gagosian Defection
From: Marion Maneker <marion@puck.news>
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Apr 30, 2025=C2=A0 =C2=A0
Wall Power ( https://puck.news/newsletters/wall-power/?utm_campaign=3DIC+Ex=
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PREVIEW VERSION
PREVIEW VERSION
For full access to Puck Inner Circle content,
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Marion Maneker ( https://puck.news/author/marion-maneker/?utm_campaign=3DIC=
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io&utm_term=3Df6c60615e3d301d48d28 )
Welcome to the Wall Power Inner Circle. I=E2=80=99m Marion
Maneker.
If you=E2=80=99re new here, the Wednesday issue is always devoted to the ni=
tty-gritty of the art market. You don=E2=80=99t have to be an art professio=
nal to subscribe ( http://puck.news/join?utm_campaign=3DIC+Exclusive+Wall+P=
ower+-+LEADS+%284%2F30%2F25%29&utm_content=3DWall+Power+-+IC+LEADS+%284%2F3=
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urce=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )) to the Inner Circle, =
but you=E2=80=99re going to find actionable content here that may turn you =
into one.
Tonight,
I=E2=80=99m sharing my breakdown of the May auction catalogues. We=E2=80=99=
re starting from a slightly lower place than last year, but sellers=E2=80=
=99 expectations have also been lowered to a point where the market looks r=
easonably attractive.
Let=E2=80=99s get started=E2=80=A6
* Lily Mortimer to Zwirner: David Zwirner Gallery announced this morning th=
at Lily Mortimer will join the company as...
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omer.io&utm_term=3Df6c60615e3d301d48d28 )
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l_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
Inner Circle Exclusive
***************************************************************************=
***************************************************************************=
***************************************************************************=
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May Day ( https://puck.news/may-art-auctions-one-point-one-six-billion-in-p=
resale-value/?utm_campaign=3DIC+Exclusive+Wall+Power+-+LEADS+%284%2F30%2F25=
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l_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
***************************************************************************=
***************************************************************************=
***************************************************************************=
*********************************************************
Tensions are building in the art market over tariffs and other
uncertainties, right in time for the May auction sales. Will they set off a=
flight to quality=E2=80=94or a retreat from unnecessary expense?
Marion Maneker ( https://puck.news/author/marion-maneker/?utm_campaign=3DIC=
+Exclusive+Wall+Power+-+LEADS+%284%2F30%2F25%29&utm_content=3DWall+Power+-+=
IC+LEADS+%284%2F30%2F25%29&utm_medium=3Demail_action&utm_source=3Dcustomer.=
io&utm_term=3Df6c60615e3d301d48d28 )
Marion Maneker ( https://puck.news/author/marion-maneker/?utm_campaign=3DIC=
+Exclusive+Wall+Power+-+LEADS+%284%2F30%2F25%29&utm_content=3DWall+Power+-+=
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io&utm_term=3Df6c60615e3d301d48d28 )
I don=E2=80=99t have to tell you that the art market has been in a torpor f=
or more than two
years. Tension is building within the industry, especially as Trump=E2=80=
=99s tariff tirades have spooked just about everyone into inaction. Will ar=
t be viewed as a safe haven, or an unnecessary expense? We just don=E2=80=
=99t know.
Given that context, I looked through the numbers...
JOIN THE INNER CIRCLE ( https://puck.news/my-account/billing/?utm_campaign=
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A new campaign starring Julia Garner celebrates the House=E2=80=99s storied=
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Finally, a media podcast about what=E2=80=99s actually happening in the med=
ia=E2=80=94not the oversanitized,
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moguls, pundits, and industry executives for raw, honest, sometimes salacio=
us conversations about the business of media and its biggest egos. New epis=
odes publish every Tuesday and Friday.
Stories
Shari=E2=80=99s Settlement Calculus
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Shari=E2=80=99s Settlement Calculus ( https://puck.news/will-trump-kill-the=
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ERIQ GARDNER & MATTHEW BELLONI
The Buttigieg Bro Vote
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PETER HAMBY
Peacock's NBA Bet
Inner Circle Exclusive
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ne; max-height: 0px; overflow: hidden; mso-hide:all;">Welcome to the Wall P=
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ing-bottom:32px;"><div style=3D"color:#000000;direction:ltr;font-family:=
9;Inter','Arial';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 to the Wall Power Inner Circle. I=E2=80=99m <strong>Mari=
on
Maneker</strong>.<br/><br/>If you=E2=80=99re new here, the Wednesday issue =
is always devoted to the nitty-gritty of the art market. You don=E2=80=99t =
<em>have </em>to be an art professional to <a href=3D"https://email.puck.ne=
ws/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdXaUkyYmxwZHJneERIWjVVdm1M=
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yle=3D"text-decoration:underline;color:#d40000;">upgrade</a>) to the Inner =
Circle, but you=E2=80=99re going to find actionable content here that may t=
urn you into one.<br/><br/>Tonight,
I=E2=80=99m sharing my breakdown of the May auction catalogues. We=E2=80=99=
re starting from a slightly lower place than last year, but sellers=E2=80=
=99 expectations have also been lowered to a point where the market looks r=
easonably attractive. <br/><br/><em>Let=E2=80=99s get started=E2=80=A6</em>=
</p></div>
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ing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rsp=
ace:0pt;word-break:break-word;color:#000000;direction:ltr;font-family:'=
Inter','Arial';font-size:17px;font-weight:400;letter-spacing:0p=
x;line-height:1.5;text-align:left;mso-line-height-alt:26px;"><tbody><tr><td=
class=3D"r5" style=3D"padding-bottom:8px;"><div style=3D"margin-left:-20px=
"><ul start=3D"1" style=3D"margin-top:0;margin-bottom:0;list-style-type:rev=
ert;"><li style=3D"Margin:0 0 24px 0;"><em>Lily Mortimer to Zwirner</em>: D=
avid Zwirner Gallery announced this morning that <strong>Lily Mortimer</str=
ong> will join the company as...</li></ul></div>
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pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
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pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
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px;margin:0 auto;" width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100=
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ing-bottom:16px;"><div style=3D"color:#000000;direction:ltr;font-family:=
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0px;line-height:1.2;text-align:left;mso-line-height-alt:20px;"><p style=3D"=
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h:100%;"><div class=3D"r" align=3D"center"><div style=3D"max-width:552px;">=
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e=3D"display:block;height:auto;border:0;width:100%;" width=3D"552" alt=3D"G=
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acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;mso-hide:all;display:none;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://ema=
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fe7cb889a741ad83eddf287" target=3D"_blank" style=3D"outline:none" tabindex=
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ight:auto;border:0;width:100%;" width=3D"552" alt=3D"Gucci" title=3D"Gucci"=
height=3D"auto"/></a></div></div>
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<table class=3D"c4" 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 class=3D"r5"><div style=3D"co=
lor:#000000;direction:ltr;font-family:'Inter','Arial';font-=
size:17px;font-weight:400;letter-spacing:0px;line-height:1.2;text-align:lef=
t;mso-line-height-alt:20px;"><p style=3D"margin:0;margin-bottom:0px;">A new=
campaign starring Julia Garner celebrates the House=E2=80=99s storied silk=
scarves and their
enduring legacy within the House=E2=80=99s design codes.</p><p style=3D"mar=
gin:0;"><br/><strong><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI=
6ImRnVDJ4Z1lEQU5TTktOT05LQUdXaUkyYmxwZHJneERIWjVVdm1Mdz0iLCJocmVmIjoiaHR0cH=
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ner"><strong>DISCOVER MORE</strong></a></strong></p></div>
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0px;line-height:1.5;text-align:left;mso-line-height-alt:26px;"><p style=3D"=
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cing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rs=
pace:0pt;"><tbody><tr><td class=3D"r5" style=3D"width:100%;"><div class=3D"=
r" align=3D"center"><div style=3D"max-width:600px;"><a href=3D"https://emai=
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100%;" width=3D"142" alt=3D"Inner Circle Exclusive" title=3D"Inner Circle E=
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'Georgia';font-size:48px;font-weight:400;letter-spacing:normal;line=
-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-al=
t:58px;"><span style=3D"word-break:break-word;"><a href=3D"https://email.pu=
ck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdXaUkyYmxwZHJneERIWjV=
Vdm1Mdz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvbWF5LWFydC1hdWN0aW9ucy1vbmUtcG=
9pbnQtb25lLXNpeC1iaWxsaW9uLWluLXByZXNhbGUtdmFsdWUvP3V0bV9jYW1wYWlnbj1JQytFe=
GNsdXNpdmUrV2FsbCtQb3dlcistK0xFQURTKyUyODQlMkYzMCUyRjI1JTI5XHUwMDI2dXRtX2Nv=
bnRlbnQ9V2FsbCtQb3dlcistK0lDK0xFQURTKyUyODQlMkYzMCUyRjI1JTI5XHUwMDI2dXRtX21=
lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3=
Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4Z=
DI4IiwibGlua19pZCI6MjE4MzU5M30/13522950de62dd3695d5c3e9773f21627709b42ded01=
e801f3b04a6db0b3f036" target=3D"_blank" style=3D"text-decoration:none;color=
:#d40000;" data-mce-attribute-name-1=3D"" data-mce-attribute-value-1=3D"" d=
ata-mce-attributes-count=3D"1" rel=3D"noopener"><span style=3D"word-break:b=
reak-word;position:relative;" data-position=3D"80-0-2" data-qa=3D"tinyedito=
r-root-element"><span style=3D"word-break:break-word;">May Day</span></span=
></a></span></h1>
</td></tr></tbody></table>
<table class=3D"c4" 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 class=3D"r5" style=3D"padding=
-left:24px;padding-right:24px;"><div style=3D"color:#000000;direction:ltr;f=
ont-family:'Inter','Arial';font-size:19px;font-weight:400;l=
etter-spacing:0px;line-height:1.5;text-align:left;mso-line-height-alt:29px;=
"><p style=3D"margin:0;">Tensions are building in the art market over tarif=
fs and other
uncertainties, right in time for the May auction sales. Will they set off a=
flight to quality=E2=80=94or a retreat from unnecessary expense?</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" cells=
pacing=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" cells=
pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
rspace:0pt;background-color:#ffffff;border-bottom:8px solid transparent;bor=
der-left:24px solid transparent;border-radius:0;border-right:24px solid tra=
nsparent;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%" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-align:
left;border-bottom:1px solid #d40000;border-top:1px solid #d40000;vertical-=
align:top;border-radius:0px;">
<table class=3D"np" 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;text-align:left;line-height:0;"><tbody><tr><td class=3D"r5" style=3D=
"vertical-align:middle;color:#d40000;font-family:'PuckSerifDisplay'=
,'Georgia';font-size:20px;font-weight:400;padding-bottom:8px;paddin=
g-right:8px;padding-top:8px;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=
I6ImRnVDJ4Z1lEQU5TTktOT05LQUdXaUkyYmxwZHJneERIWjVVdm1Mdz0iLCJocmVmIjoiaHR0c=
HM6Ly9wdWNrLm5ld3MvYXV0aG9yL21hcmlvbi1tYW5la2VyLz91dG1fY2FtcGFpZ249SUMrRXhj=
bHVzaXZlK1dhbGwrUG93ZXIrLStMRUFEUyslMjg0JTJGMzAlMkYyNSUyOVx1MDAyNnV0bV9jb25=
0ZW50PVdhbGwrUG93ZXIrLStJQytMRUFEUyslMjg0JTJGMzAlMkYyNSUyOVx1MDAyNnV0bV9tZW=
RpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90Z=
XJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQy=
OCIsImxpbmtfaWQiOjg0NzgxN30/32cc2e7b41a37fdf9c31740557733f404f7b93eee263094=
e4a15f691ca44100c" target=3D"_self" style=3D"text-decoration:none;"><img al=
t=3D"Marion Maneker" src=3D"https://userimg-assets.customeriomail.com/image=
s/client-env-107382/1739207842260_avatar-marion-update-2025-02-10_01JKRDV6F=
XDFC5A7AK1PGGWTBD.png" height=3D"auto" width=3D"48" align=3D"center" style=
=3D"display:block;height:auto;margin:0 auto;border:0;"/></a>
</td><td style=3D"font-family:'PuckSerifDisplay','Georgia';=
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/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdXaUkyYmxwZHJne=
ERIWjVVdm1Mdz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvYXV0aG9yL21hcmlvbi1tYW5l=
a2VyLz91dG1fY2FtcGFpZ249SUMrRXhjbHVzaXZlK1dhbGwrUG93ZXIrLStMRUFEUyslMjg0JTJ=
GMzAlMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVdhbGwrUG93ZXIrLStJQytMRUFEUyslMjg0JT=
JGMzAlMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZ=
T1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJu=
YWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjg0NzgxN30/32cc2e7b41a37fd=
f9c31740557733f404f7b93eee263094e4a15f691ca44100c" target=3D"_self" style=
=3D"color:#d40000;text-decoration:none;">Marion Maneker</a>
</td></tr></tbody></table>
</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" cells=
pacing=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" cells=
pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
rspace:0pt;background-color:#ffffff;border-radius:0;color:#000000;width:600=
px;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-=
align:left;padding-left:24px;padding-right:24px;padding-top:12px;vertical-a=
lign:top;">
<table class=3D"c4 np" width=3D"100%" border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;word-break:break-word;"><tbody><tr><td class=3D"r5" style=3D"padd=
ing-bottom:32px;"><div style=3D"color:#000000;direction:ltr;font-family:=
9;Inter','Arial';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;">I don=E2=80=99t have to tell you that the art market has been in=
a torpor for more than two
years. Tension is building within the industry, especially as <strong>Trump=
</strong>=E2=80=99s tariff tirades have spooked just about everyone into in=
action. Will art be viewed as a safe haven, or an unnecessary expense? We j=
ust don=E2=80=99t know.<br/><br/>Given that context, I looked through the n=
umbers...</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table class=3D"n3" align=3D"center" width=3D"100%" border=3D"0" cellpaddin=
g=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0=
pt;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c ie" align=3D"center" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
rspace:0pt;background-color:#ffffff;border-radius:0;color:#000000;width:600=
px;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-=
align:left;padding-left:24px;padding-right:24px;vertical-align:top;">
<table class=3D"g np" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rs=
pace:0pt;"><tbody><tr><td class=3D"r5" style=3D"padding-bottom:32px;text-al=
ign:center;"><div class=3D"r" align=3D"center"><a href=3D"https://email.puc=
k.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdXaUkyYmxwZHJneERIWjVV=
dm1Mdz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvbXktYWNjb3VudC9iaWxsaW5nLz91dG1=
fY2FtcGFpZ249SUMrRXhjbHVzaXZlK1dhbGwrUG93ZXIrLStMRUFEUyslMjg0JTJGMzAlMkYyNS=
UyOVx1MDAyNnV0bV9jb250ZW50PVdhbGwrUG93ZXIrLStJQytMRUFEUyslMjg0JTJGMzAlMkYyN=
SUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21l=
ci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM=
2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjY0NX0/b1e49367e2b60357a44f045420795a=
4d4fabd8cbdd46128f68fb4d31f928a29d" target=3D"_blank" style=3D"color:#fffff=
f;text-decoration:none;"><span class=3D"m" style=3D"background-color:#d4000=
0;border-bottom:2px solid #d40000;border-left:2px solid #d40000;border-radi=
us:4px;border-right:2px
solid #d40000;border-top:2px solid #d40000;color:#ffffff;display:inline-blo=
ck;font-family:'Inter','Arial';font-size:14px;font-weight:7=
00;mso-border-alt:none;padding-bottom:8px;padding-top:8px;padding-left:0px;=
padding-right:0px;text-align:center;width:60%;word-break:keep-all;letter-sp=
acing:normal;"><span style=3D"word-break:break-word;line-height:28px;">JOIN=
THE INNER CIRCLE</span></span></a></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" cells=
pacing=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" cells=
pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
rspace:0pt;background-color:#ffffff;border-radius:0;color:#000000;width:600=
px;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-=
align:left;border-bottom:1px solid #d40000;border-top:1px solid #d40000;pad=
ding-bottom:32px;padding-left:24px;padding-right:24px;padding-top:32px;
vertical-align:top;">
<table class=3D"c4 np" width=3D"100%" border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;word-break:break-word;"><tbody><tr><td class=3D"r5" style=3D"padd=
ing-bottom:16px;"><div style=3D"color:#000000;direction:ltr;font-family:=
9;Inter','Arial';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;">A MESSAGE FROM OUR SPONSOR</p></div>
</td></tr></tbody></table>
<table class=3D"j oq n5" width=3D"100%" border=3D"0" cellpadding=3D"0" cell=
spacing=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;widt=
h:100%;"><div class=3D"r" align=3D"center"><div style=3D"max-width:552px;">=
<a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktO=
T05LQUdXaUkyYmxwZHJneERIWjVVdm1Mdz0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbGl=
jay5uZXQvZGRtL3RyYWNrY2xrL040OTcwMS40MjM1OTIxUFVDSy9CMzMzOTU2MjcuNDE5MzA5Mz=
Y0O2RjX3Rya19haWQ9NjExNTI2OTg4O2RjX3Rya19jaWQ9MjMzODMwNDQ5O2RjX2xhdD07ZGNfc=
mRpZD07dGFnX2Zvcl9jaGlsZF9kaXJlY3RlZF90cmVhdG1lbnQ9O3RmdWE9O2dkcHI9JCU3QkdE=
UFIlN0Q7Z2Rwcl9jb25zZW50PSQlN0JHRFBSX0NPTlNFTlRfNzU1JTdEO2x0ZD07ZGNfdGR2PTE=
_dXRtX2NhbXBhaWduPUlDK0V4Y2x1c2l2ZStXYWxsK1Bvd2VyKy0rTEVBRFMrJTI4NCUyRjMwJT=
JGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1XYWxsK1Bvd2VyKy0rSUMrTEVBRFMrJTI4NCUyRjMwJ=
TJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3Vz=
dG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjo=
iZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMTgzMDk3fQ/9c9f89187c6855e993c=
cd91566630ab08405f5e0484e7c7bc197a3c6b8087642" target=3D"_blank" style=3D"o=
utline:none" tabindex=3D"-1"><img src=3D"https://userimg-assets.customeriom=
ail.com/images/client-env-107382/1744297782232_SMLG-NA-Celebrity-JuliaGarne=
r_FloraPrint-Foulard25_600x400_01JRG3ZV15RTFQ5QRHXT3KQQR3.jpg" style=3D"dis=
play:block;
height:auto;border:0;width:100%;" width=3D"552" alt=3D"Gucci" title=3D"Gucc=
i" height=3D"auto"/></a></div></div>
</td></tr></tbody></table>
<table class=3D"j p n" width=3D"100%" border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;mso-hide:all;display:none;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://ema=
il.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdXaUkyYmxwZHJneE=
RIWjVVdm1Mdz0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbGljay5uZXQvZGRtL3RyYWNrY=
2xrL040OTcwMS40MjM1OTIxUFVDSy9CMzMzOTU2MjcuNDE5MzA5MzY0O2RjX3Rya19haWQ9NjEx=
NTI2OTg4O2RjX3Rya19jaWQ9MjMzODMwNDQ5O2RjX2xhdD07ZGNfcmRpZD07dGFnX2Zvcl9jaGl=
sZF9kaXJlY3RlZF90cmVhdG1lbnQ9O3RmdWE9O2dkcHI9JCU3QkdEUFIlN0Q7Z2Rwcl9jb25zZW=
50PSQlN0JHRFBSX0NPTlNFTlRfNzU1JTdEO2x0ZD07ZGNfdGR2PTE_dXRtX2NhbXBhaWduPUlDK=
0V4Y2x1c2l2ZStXYWxsK1Bvd2VyKy0rTEVBRFMrJTI4NCUyRjMwJTJGMjUlMjlcdTAwMjZ1dG1f=
Y29udGVudD1XYWxsK1Bvd2VyKy0rSUMrTEVBRFMrJTI4NCUyRjMwJTJGMjUlMjlcdTAwMjZ1dG1=
fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG=
1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkN=
DhkMjgiLCJsaW5rX2lkIjoyMTgzMDk3fQ/9c9f89187c6855e993ccd91566630ab08405f5e04=
84e7c7bc197a3c6b8087642" target=3D"_blank" style=3D"outline:none" tabindex=
=3D"-1"><img src=3D"https://userimg-assets.customeriomail.com/images/client=
-env-107382/1744297794229_SMLG-NA-Celebrity-JuliaGarner_FloraPrint-Foulard2=
5_600x700_01JRG406R2XBQ1EH41N6PZTYAN.jpg" style=3D"display:block;
height:auto;border:0;width:100%;" width=3D"552" alt=3D"Gucci" title=3D"Gucc=
i" height=3D"auto"/></a></div></div>
</td></tr></tbody></table>
<table class=3D"c4" 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 class=3D"r5"><div style=3D"co=
lor:#000000;direction:ltr;font-family:'Inter','Arial';font-=
size:17px;font-weight:400;letter-spacing:0px;line-height:1.2;text-align:lef=
t;mso-line-height-alt:20px;"><p style=3D"margin:0;margin-bottom:0px;">A new=
campaign starring Julia Garner celebrates the House=E2=80=99s storied silk=
scarves and their
enduring legacy within the House=E2=80=99s design codes.</p><p style=3D"mar=
gin:0;"><br/><strong><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI=
6ImRnVDJ4Z1lEQU5TTktOT05LQUdXaUkyYmxwZHJneERIWjVVdm1Mdz0iLCJocmVmIjoiaHR0cH=
M6Ly9hZC5kb3VibGVjbGljay5uZXQvZGRtL3RyYWNrY2xrL040OTcwMS40MjM1OTIxUFVDSy9CM=
zMzOTU2MjcuNDE5MzA5MzY0O2RjX3Rya19haWQ9NjExNTI2OTg4O2RjX3Rya19jaWQ9MjMzODMw=
NDQ5O2RjX2xhdD07ZGNfcmRpZD07dGFnX2Zvcl9jaGlsZF9kaXJlY3RlZF90cmVhdG1lbnQ9O3R=
mdWE9O2dkcHI9JCU3QkdEUFIlN0Q7Z2Rwcl9jb25zZW50PSQlN0JHRFBSX0NPTlNFTlRfNzU1JT=
dEO2x0ZD07ZGNfdGR2PTE_dXRtX2NhbXBhaWduPUlDK0V4Y2x1c2l2ZStXYWxsK1Bvd2VyKy0rT=
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00%;"><div class=3D"r" align=3D"center"><div style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05=
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nt-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=
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ro, a longtime retail strategist who writes about e-commerce, brick-and-mor=
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00%;"><div class=3D"r" align=3D"center"><div style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05=
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nt-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 pod=
cast about what=E2=80=99s <em>actually</em> happening in the media=E2=80=94=
not the oversanitized,
legal-and-standards-approved version you read online. Join Dylan Byers, Puc=
k=E2=80=99s veteran media reporter, as he sits down with TV personalities, =
moguls, pundits, and industry executives for raw, honest, sometimes salacio=
us conversations about the business of media and its biggest egos. New epis=
odes publish every Tuesday and Friday.</p></div>
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pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
rspace:0pt;background-color:#ffffff;border-radius:0;color:#000000;width:600=
px;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-=
align:left;padding-bottom:16px;padding-left:24px;padding-right:24px;padding=
-top:32px;vertical-align:top;">
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cing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rs=
pace: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://use=
rimg-assets.customeriomail.com/images/client-env-107382/1738863107072_rec-t=
itle-stories-update-2025-02-05_01JKE52Q3F4W78EVGP6GKYQAEG.png" style=3D"dis=
play: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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t;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c ie" align=3D"center" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
rspace:0pt;background-color:#ffffff;border-radius:0;color:#000000;width:600=
px;margin:0 auto;" width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"41.=
666666666666664%" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-w=
eight:400;text-align:left;padding-bottom:16px;padding-left:24px;padding-rig=
ht:16px;padding-top:16px;vertical-align:top;">
<table class=3D"j np" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rs=
pace:0pt;"><tbody><tr><td class=3D"r5" style=3D"width:100%;padding-right:0p=
x;padding-left:0px;"><div class=3D"r" align=3D"center"><div class=3D"f" sty=
le=3D"max-width:210px;"><img src=3D"https://userimg-assets.customeriomail.c=
om/images/client-env-107382/1746025063187_DJT_01JT3K88WXRGH1AR945XEAC5Y7.jp=
g" style=3D"display:block;height:auto;border:0;width:100%;" width=3D"210" a=
lt=3D"Shari=E2=80=99s Settlement Calculus" title=3D"Shari=E2=80=99s Settlem=
ent Calculus" height=3D"auto"/></div></div>
</td></tr></tbody></table>
</td><td class=3D"yq pd" width=3D"58.333333333333336%" style=3D"mso-table-l=
space:0pt;mso-table-rspace:0pt;font-weight:400;text-align:left;padding-bott=
om:32px;padding-right:24px;padding-top:16px;vertical-align:top;">
<table class=3D"gq np" width=3D"100%" border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;"><tbody><tr><td class=3D"r5" style=3D"padding-bottom:8px;text-al=
ign:center;width:100%;"><h2 style=3D"margin:0;color:#000000;direction:ltr;f=
ont-family:'PuckSerifDisplay','Georgia';font-size:32px;font=
-weight:400;letter-spacing:normal;line-height:1.2;text-align:left;margin-to=
p:0;margin-bottom:0;mso-line-height-alt:38px;"><a href=3D"https://email.puc=
k.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdXaUkyYmxwZHJneERIWjVV=
dm1Mdz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2lsbC10cnVtcC1raWxsLXRoZS1wYXJ=
hbW91bnQtZGVhbC8_dXRtX2NhbXBhaWduPUlDK0V4Y2x1c2l2ZStXYWxsK1Bvd2VyKy0rTEVBRF=
MrJTI4NCUyRjMwJTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1XYWxsK1Bvd2VyKy0rSUMrTEVBR=
FMrJTI4NCUyRjMwJTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0=
bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCI=
sImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMTgzMjE4fQ/063=
c7ca8a2cbdd727b0ed53b123f888b9a28bc804bfbc5148e76fdd1541928b0" target=3D"_b=
lank" 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">Shari=E2=80=99s Settlement Calculus</a></h2>
</td></tr></tbody></table>
<table class=3D"c4 oq" width=3D"100%" border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;word-break:break-word;"><tbody><tr><td class=3D"r5"><div style=3D=
"color:#000;direction:ltr;font-family:'Inter','Arial';font-=
size:14px;font-weight:700;letter-spacing:0px;line-height:1.2;text-align:lef=
t;mso-line-height-alt:17px;"><p style=3D"margin:0;">ERIQ GARDNER & MATT=
HEW BELLONI</p></div>
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</td></tr></tbody></table>
<table class=3D"t" align=3D"center" width=3D"100%" border=3D"0" cellpadding=
=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0p=
t;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c ie" align=3D"center" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
rspace:0pt;background-color:#ffffff;border-radius:0;color:#000000;width:600=
px;margin:0 auto;" width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"41.=
666666666666664%" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-w=
eight:400;text-align:left;padding-bottom:16px;padding-left:24px;padding-rig=
ht:16px;padding-top:16px;vertical-align:top;">
<table class=3D"j np" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rs=
pace:0pt;"><tbody><tr><td class=3D"r5" style=3D"width:100%;padding-right:0p=
x;padding-left:0px;"><div class=3D"r" align=3D"center"><div class=3D"f" sty=
le=3D"max-width:210px;"><img src=3D"https://userimg-assets.customeriomail.c=
om/images/client-env-107382/1746025063460_Pete_01JT3K895JPXWETFNSG5RG7NAT.j=
pg" style=3D"display:block;height:auto;border:0;width:100%;" width=3D"210" =
alt=3D"The Buttigieg Bro Vote" title=3D"The Buttigieg Bro Vote" height=3D"a=
uto"/></div></div>
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</td><td class=3D"yq pd" width=3D"58.333333333333336%" style=3D"mso-table-l=
space:0pt;mso-table-rspace:0pt;font-weight:400;text-align:left;padding-bott=
om:32px;padding-right:24px;padding-top:16px;vertical-align:top;">
<table class=3D"gq np" width=3D"100%" border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;"><tbody><tr><td class=3D"r5" style=3D"padding-bottom:8px;text-al=
ign:center;width:100%;"><h2 style=3D"margin:0;color:#000;direction:ltr;font=
-family:'PuckSerifDisplay','Georgia';font-size:32px;font-we=
ight:400;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0=
;margin-bottom:0;mso-line-height-alt:38px;"><a href=3D"https://email.puck.n=
ews/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdXaUkyYmxwZHJneERIWjVVdm1=
Mdz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcGV0ZS1idXR0aWdpZWctZW50ZXJzLXRoZS=
1tYW5vc3BoZXJlLz91dG1fY2FtcGFpZ249SUMrRXhjbHVzaXZlK1dhbGwrUG93ZXIrLStMRUFEU=
yslMjg0JTJGMzAlMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVdhbGwrUG93ZXIrLStJQytMRUFE=
UyslMjg0JTJGMzAlMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXR=
tX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4Ii=
wiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIxODMxMzd9/651e=
3a00f769daff53063a959ef8d112d70abaf2fc7db31ac9c966c1a8594fb8" target=3D"_bl=
ank" 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"><span style=3D"word-break:break-word;position:relative;" data=
-position=3D"10-1-0" data-qa=3D"tinyeditor-root-element">The Buttigieg Bro =
Vote</span></a></h2>
</td></tr></tbody></table>
<table class=3D"c4 oq" width=3D"100%" border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;word-break:break-word;"><tbody><tr><td class=3D"r5"><div style=3D=
"color:#000;direction:ltr;font-family:'Inter','Arial';font-=
size:14px;font-weight:700;letter-spacing:0px;line-height:1.2;text-align:lef=
t;mso-line-height-alt:17px;"><p style=3D"margin:0;">PETER HAMBY</p></div>
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<table class=3D"u" align=3D"center" width=3D"100%" border=3D"0" cellpadding=
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t;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c ie" align=3D"center" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
rspace:0pt;background-color:#ffffff;border-radius:0;color:#000000;width:600=
px;margin:0 auto;" width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"41.=
666666666666664%" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-w=
eight:400;text-align:left;padding-bottom:16px;padding-left:24px;padding-rig=
ht:16px;padding-top:16px;vertical-align:top;">
<table class=3D"j np" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rs=
pace:0pt;"><tbody><tr><td class=3D"r5" style=3D"width:100%;padding-right:0p=
x;padding-left:0px;"><div class=3D"r" align=3D"center"><div class=3D"f" sty=
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