File: D:/hMailServer/Data/showfile.com/admin/9C/{9CBBBBB4-54B9-4B60-B35C-D80E75D5F542}.eml
Return-Path: postmaster@cio66752.puck.news
Delivered-To: enzo@showfile.com
Received: from m243-55.mailgun.net (m243-55.mailgun.net [159.112.243.55])
by mail.itpartnership.com with ESMTPS
(version=TLSv1.3 cipher=TLS_AES_128_GCM_SHA256 bits=128)
; Sun, 8 Dec 2024 22:15:22 +0000
DKIM-Signature: a=rsa-sha256; v=1; c=relaxed/relaxed; d=cio66752.puck.news; q=dns/txt; s=smtp; t=1733696121; x=1733703321;
h=Message-Id: List-Unsubscribe-Post: List-Unsubscribe: To: To: From: From: Subject: Subject: Content-Type: Mime-Version: Date: Sender;
bh=kjGOaBfwItj1Vbk8fGnapIpk1h2ZT16RA+ll0qLpMIQ=;
b=MjM3A+5F9v8JAgPHjNAr3Pl//k/yaj3nJKidT1j0d/89GuG4rfHDTJFBc4f65L6bDb2iObrQbmkJrjLn3bVRkg/7pIdxPiZQkzb4qfGyryCp9SHlHRi10NCCbZOO87R+k2LaoMxqM7Z94vEJ9hr/FO0F06ks6rUdg9xzdfQ9ntw=
X-Mailgun-Sending-Ip: 159.112.243.55
X-Mailgun-Sending-Ip-Pool-Name:
X-Mailgun-Sending-Ip-Pool:
X-Mailgun-Sid: WyJkM2U2NyIsImVuem9Ac2hvd2ZpbGUuY29tIiwiYTY3NDk3Il0=
Received: by f1450697a419 with HTTP id 67561a797117bd054c916951; Sun, 08 Dec 2024
22:15:21 GMT
Date: Sun, 08 Dec 2024 22:15:21 +0000
Mime-Version: 1.0
Content-Type: multipart/alternative;
boundary="dc28b473de66109512bc0d7617332739df3ff2fc6b69e716b4134cb0690c"
Subject: Basel Vibes, A $30M Old Masters Sale & A $27M Richter Market
From: Marion Maneker <marion@puck.news>
To: enzo@showfile.com
X-Mailgun-Dkim: true
X-Mailgun-Native-Send: true
X-Mailgun-Track-Clicks: false
X-Mailgun-Track-Opens: false
X-Mailer: Customer.io (dgT2xgYDANSNKNONKAGTqFcsIW-iH60CIW7IZRI=;
+https://whatis.customeriomail.com)
X-Report-Abuse-To: badactor@customer.io
List-Unsubscribe: <https://puck.news/wp-json/puck/v1/unsubscribe/enzo@showfile.com/wall_power/dgT2xgYDANSNKNONKAGTqFcsIW-iH60CIW7IZRI=>
List-Unsubscribe-Post: List-Unsubscribe=One-Click
X-Mailgun-Variables: {"email_id": "dgT2xgYDANSNKNONKAGTqFcsIW-iH60CIW7IZRI="}
Message-Id: <20241208221521.8bda08f41d0bd50f@cio66752.puck.news>
--dc28b473de66109512bc0d7617332739df3ff2fc6b69e716b4134cb0690c
Content-Transfer-Encoding: quoted-printable
Content-Type: text/plain; charset="utf-8"
Welcome back to Wall Power. Art Basel C.E.O. Noah Horowitz, who had dinner =
with several international gallerists the night before at Joe=E2=80=99s Sto=
ne Crab, cited slower sales and longer payment cycles as among the burdens =
on the galleries leading up to the December fair. But once the convention h=
all opened on Wednesday, he reported a collective feeling of relief. =E2=80=
=9CIt=E2=80=99s been a long year for our gallery clients.=E2=80=9D
=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=
=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=
=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=
=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=C2=A0=E2=
=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=
=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=
=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=
=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=C2=A0=E2=80=8C=C2=
=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=
=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=
=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=
=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=C2=A0=E2=80=8C=C2=A0=E2=80=
=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=
=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=
=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=
=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=
=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=
=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=
=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=
=C2=A0=E2=80=8C=C2=A0=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=
=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=
=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=
=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=
=80=8C=C2=A0=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=
=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=
=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=
=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=
=A0=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=
=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=
=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=
=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0
Wall Power ( https://puck.news/?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8=
%2F24%29&utm_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Dem=
ail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
Wall Power ( https://www.masterworks.com?utm_source=3Dwallpower&utm_medium=
=3Dnewsletter&utm_campaign=3D12-8-24&utm_term=3DWall+Power+subscriber&utm_c=
ontent=3Dmeetyourmuse&utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&u=
tm_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_action=
&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
PREVIEW VERSION
Start a free 14-day trial ( https://puck.news/join/?utm_campaign=3DWall+Pow=
er+-+LEADS+%2812%2F8%2F24%29&utm_content=3DWall+Power+-+LEADS+%2812%2F8%2F2=
4%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615=
e3d301d48d28 ) to unlock unlimited access to Puck.
Welcome back to Wall Power. I=E2=80=99m Marion Maneker.
=E2=80=9CThe fair has delivered for so many of our clients,=E2=80=9D Art Ba=
sel C.E.O. Noah Horowitz told me on Friday by phone from Miami. =E2=80=9CEv=
eryone has been able to exhale.=E2=80=9D Horowitz, who had dinner with seve=
ral international gallerists the night before at Joe=E2=80=99s Stone Crab, =
cited slower sales and longer payment cycles as among the burdens on the ga=
lleries leading up to the December fair. But once the convention hall opene=
d on Wednesday, he reported a collective feeling of relief. =E2=80=9CIt=E2=
=80=99s been a long year for our gallery clients.=E2=80=9D
I wasn=E2=80=99t able to get to Miami this year. But I did want to figure o=
ut what was happening on the ground. So I spent some time speaking to a ran=
ge of people in attendance. I=E2=80=99ll get into all of that below.
But first=E2=80=A6
* An Old Master sales report: The London Old Master sales had some remarkab=
le performances last week. At Sotheby=E2=80=99s, the acknowledged leader in=
the field, the evening sale total rose above =C2=A324 million, with around=
40 percent of that haul coming from a single work=E2=80=94an early Sandro =
Botticelli painting ( https://www.sothebys.com/en/buy/auction/2024/old-mast=
er-19th-century-paintings-evening-auction-l24036/the-virgin-and-child-enthr=
oned?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_content=3DWall=
+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_action&utm_source=3Dcus=
tomer.io&utm_term=3Df6c60615e3d301d48d28 ), The Virgin and Child enthroned,=
that ultimately sold for...
A MESSAGE FROM OUR SPONSOR
$(ad4_title) ( https://www.masterworks.com?utm_source=3Dwallpower&utm_mediu=
m=3Dnewsletter&utm_campaign=3D12-8-24&utm_term=3DWall+Power+subscriber&utm_=
content=3Dmeetyourmuse&utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&=
utm_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_actio=
n&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
Generational wealth, meet your muse. Over the next 25 years, $84 trillion (=
yes, with a =E2=80=98T=E2=80=99) will pass between generations, reshaping m=
arkets=E2=80=94with a sizable portion held in high-value assets including a=
rt collections. In fact, Bank of America predicts the value of art and coll=
ectibles will make up 11% of ultra-high-net-worth portfolios by 2026.
Scott Lynn and his team at Masterworks ( https://www.masterworks.com/?utm_s=
ource=3Dwallpower&utm_medium=3Dnewsletter&utm_campaign=3D12-8-24&utm_term=
=3DWall+Power+subscriber&utm_content=3Dmeetyourmuse&utm_campaign=3DWall+Pow=
er+-+LEADS+%2812%2F8%2F24%29&utm_content=3DWall+Power+-+LEADS+%2812%2F8%2F2=
4%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615=
e3d301d48d28 ) are poised to take advantage. They=E2=80=99ve
spent years sourcing blue-chip works by icons like Picasso and Basquiat, gi=
ving 67,000+ investors a stake in the art market. The results? 23 profitabl=
e exits and annualized net returns like +17.6%, +17.8%, +21.5%, and more (o=
n assets held 1+ year).
With the art market climbing back, we have conviction it=E2=80=99s an oppor=
tune time to diversify with a historically uncorrelated asset class. Throug=
h our partnership, you can get priority access to Masterworks today. Don=E2=
=80=99t miss your chance=E2=80=94click
here ( https://www.masterworks.com/?utm_source=3Dwallpower&utm_medium=3Dnew=
sletter&utm_campaign=3D12-8-24&utm_term=3DWall+Power+subscriber&utm_content=
=3Dmeetyourmuse&utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_con=
tent=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_action&utm_s=
ource=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ).
Investing Involves Risk. Past performance not indicative of future returns.=
See Important Disclosures at masterworks.com/cd ( http://masterworks.com/c=
d?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_content=3DWall+Po=
wer+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_action&utm_source=3Dcustom=
er.io&utm_term=3Df6c60615e3d301d48d28 )
The content is not intended to provide legal, tax, or investment advice.
No money is being solicited or will be accepted until the offering statemen=
t for a particular offering has been qualified by the SEC. Offers may be re=
voked at any time. Contacting Masterworks involves no commitment or obligat=
ion.
=E2=80=9CAnnualized Net Return=E2=80=9D or =E2=80=9CIRR=E2=80=9D refers to =
annualized internal rate of return net of all fees and expenses, calculated=
from the offering closing date to the date the sale is consummated. For ad=
ditional information regarding the calculation of IRR for a particular inve=
stment in an artwork that has been sold, a
reconciliation will be filed as an exhibit to Form 1-U and will be availabl=
e on the SEC=E2=80=99s website.
This communication is sent exclusively from Masterworks and is not endorsed=
by or affiliated with Bank of America Masterworks did not contribute to th=
e creation of the referenced content. The report is not intended to be rega=
rded as investment advice, an offer, or solicitation of an offer to enter i=
nto any Masterworks offering.
Correlation data based on repeat-sales index of historical Post-War & Conte=
mporary Art market prices and S&P 500 annualized return (includes dividends=
reinvested) from 1995 to 2024, developed by Masterworks. There are signifi=
cant limitations to comparative asset class data. Indices are unmanaged and=
a Masterworks investor cannot invest directly in an index.
Can=E2=80=99t see the full story?
You=E2=80=99re receiving the free version of Wall Power at enzo@showfile.co=
m. For full access to Puck, and to each of my colleagues, you can
subscribe here ( https://puck.news/join/?utm_campaign=3DWall+Power+-+LEADS+=
%2812%2F8%2F24%29&utm_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_me=
dium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d2=
8 ).
Learn More ( https://puck.news/join/?utm_campaign=3DWall+Power+-+LEADS+%281=
2%2F8%2F24%29&utm_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=
=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
Magic City Moves ( https://puck.news/young-collectors-brazilians-show-out-a=
t-art-basel-miami-2024/?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29=
&utm_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_acti=
on&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
Magic City Moves ( https://puck.news/young-collectors-brazilians-show-out-a=
t-art-basel-miami-2024/?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29=
&utm_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_acti=
on&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
There isn=E2=80=99t one definitive Art Basel Miami Beach experience. Everyb=
ody rushes around chasing their own bliss. And while the parties and brand =
activations might have been toned down=E2=80=94sorry, no Rihanna this year=
=E2=80=94many attendees said the quality of the artwork on offer was better=
and the prices were more realistic.
MARION MANEKER ( https://puck.news/author/marion-maneker/?utm_campaign=3DWa=
ll+Power+-+LEADS+%2812%2F8%2F24%29&utm_content=3DWall+Power+-+LEADS+%2812%2=
F8%2F24%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6=
c60615e3d301d48d28 )
MARION MANEKER ( https://puck.news/author/marion-maneker/?utm_campaign=3DWa=
ll+Power+-+LEADS+%2812%2F8%2F24%29&utm_content=3DWall+Power+-+LEADS+%2812%2=
F8%2F24%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6=
c60615e3d301d48d28 )
Sitting at his booth at Art Basel Miami Beach, David Nahmad, the eldest and=
leading member of the transatlantic art dealing family, expressed regret f=
or having sold so many of his prized pieces years ago. Many of them have re=
turned to market for prices, he said, that were 10, 20, even 50 times highe=
r. =E2=80=9CBut you also have to bear in mind that the cash has lost its va=
lue,=E2=80=9D the patriarch said. =E2=80=9CFifty years ago, a painting wort=
h $100,000 was a lot of money. Today, with $100,000, you can spend one week=
in a luxury hotel.=E2=80=9D
I=E2=80=99m guessing Nahmad wasn=E2=80=99t...
Keep Reading with a Free Trial ( https://puck.news/young-collectors-brazili=
ans-show-out-at-art-basel-miami-2024/?utm_campaign=3DWall+Power+-+LEADS+%28=
12%2F8%2F24%29&utm_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_mediu=
m=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
FOUR STORIES WE=E2=80=99RE TALKING ABOUT
Hollywood P.R. Wars ( https://puck.news/rcpmk-lawsuit-against-ex-employees-=
is-a-weenie-move/?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_c=
ontent=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_action&utm=
_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
Hollywood P.R. Wars ( https://puck.news/rcpmk-lawsuit-against-ex-employees-=
is-a-weenie-move/?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_c=
ontent=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_action&utm=
_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
Unraveling a once-mighty P.R. firm=E2=80=99s suit against defectors.
MATTHEW BELLONI
Blazy-Chanel News ( https://puck.news/matthieu-blazy-to-chanel-who-will-rep=
lace-him-at-bottega/?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&ut=
m_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_action&=
utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
Blazy-Chanel News ( https://puck.news/matthieu-blazy-to-chanel-who-will-rep=
lace-him-at-bottega/?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&ut=
m_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_action&=
utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
Behind the scenes of Matthieu Blazy=E2=80=99s exit from Kering.
LAUREN SHERMAN
Stephen A. Deal Points ( https://puck.news/stephen-a-smith-backs-up-the-bri=
nks-truck/?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_content=
=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_action&utm_sourc=
e=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
Stephen A. Deal Points ( https://puck.news/stephen-a-smith-backs-up-the-bri=
nks-truck/?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_content=
=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_action&utm_sourc=
e=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
Decoding the true value of the historic ESPN deal.
JOHN OURAND
The Hegseth Sitch ( https://puck.news/if-pete-hegseth-withdraws-who-could-b=
e-next/?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_content=3DW=
all+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_action&utm_source=3D=
customer.io&utm_term=3Df6c60615e3d301d48d28 )
The Hegseth Sitch ( https://puck.news/if-pete-hegseth-withdraws-who-could-b=
e-next/?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_content=3DW=
all+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_action&utm_source=3D=
customer.io&utm_term=3Df6c60615e3d301d48d28 )
Plus, the implications on other Trump appointees=E2=80=99 chances.
TARA PALMERI
Start your free trial today ( https://puck.news/join/?utm_campaign=3DWall+P=
ower+-+LEADS+%2812%2F8%2F24%29&utm_content=3DWall+Power+-+LEADS+%2812%2F8%2=
F24%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c606=
15e3d301d48d28 )
Puck ( https://puck.news/?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%=
29&utm_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_ac=
tion&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
Facebook ( https://facebook.com/puckdotnews?utm_campaign=3DWall+Power+-+LEA=
DS+%2812%2F8%2F24%29&utm_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm=
_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d4=
8d28 )
Twitter ( https://twitter.com/PuckNews?utm_campaign=3DWall+Power+-+LEADS+%2=
812%2F8%2F24%29&utm_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medi=
um=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 =
)
Instagram ( https://instagram.com/puckdotnews?utm_campaign=3DWall+Power+-+L=
EADS+%2812%2F8%2F24%29&utm_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&u=
tm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301=
d48d28 )
LinkedIn ( https://linkedin.com/company/pucknews?utm_campaign=3DWall+Power+=
-+LEADS+%2812%2F8%2F24%29&utm_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%2=
9&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d=
301d48d28 )
Need help? Review our FAQs
page ( https://puck.news/faq/?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2=
F24%29&utm_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demai=
l_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) or cont=
act
us ( fritz@puck.news?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&ut=
m_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_action&=
utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) for assistance. =
For brand partnerships, email ads@puck.news ( ads@puck.news?utm_campaign=3D=
Wall+Power+-+LEADS+%2812%2F8%2F24%29&utm_content=3DWall+Power+-+LEADS+%2812=
%2F8%2F24%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3D=
f6c60615e3d301d48d28 ).
You received this email because you signed up to receive emails from Puck, =
or as part of your Puck account associated with enzo@showfile.com. To stop =
receiving this newsletter and/or manage all your email preferences, click h=
ere ( https://puck.news/unsubscribe/?subscription=3Dwall_power&email=3Denzo=
@showfile.com&delivery_id=3DdgT2xgYDANSNKNONKAGTqFcsIW-iH60CIW7IZRI=3D&utm_=
campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_content=3DWall+Power+-+=
LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&=
utm_term=3Df6c60615e3d301d48d28 ).
Puck is published by Heat Media LLC. 227 W 17th St New York, NY 10011.
--dc28b473de66109512bc0d7617332739df3ff2fc6b69e716b4134cb0690c
Content-Transfer-Encoding: quoted-printable
Content-Type: text/html; charset="utf-8"
<!-- We'll replace this content tag with whatever you write in your email =
--><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://w=
ww.w3.org/TR/html4/loose.dtd"><html xmlns:o=3D"urn:schemas-microsoft-com:of=
fice:office" xmlns:v=3D"urn:schemas-microsoft-com:vml"><head>
<!--[if gte mso 9]><xml><o:OfficeDocumentSettings><o:AllowPNG/><o:PixelsP=
erInch>96</o:PixelsPerInch></o:OfficeDocumentSettings></xml><![endif]-->
<title>Basel Vibes, A $30M Old Masters Sale & A $27M Richter Market</=
title>
<meta content=3D"text/html; charset=3Dutf-8" http-equiv=3D"Content-Type"/=
>
<meta content=3D"address=3Dno" name=3D"format-detection"/>
<meta content=3D"telephone=3Dno" name=3D"format-detection"/>
<meta content=3D"width=3Ddevice-width, initial-scale=3D1" name=3D"viewpor=
t"/>
<!--[if !mso]><!-->
<style type=3D"text/css">
</style>
<!--<![endif]-->
<style type=3D"text/css">html, body { margin: 0 auto !important; padding:=
0 !important; height: 100% !important; width: 100% !important; }
* { font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; -ms-te=
xt-size-adjust: 100%; -webkit-text-size-adjust: 100%; }
table, td { mso-table-lspace: 0pt !important; mso-table-rspace: 0pt !im=
portant; }
table { border: 0; border-spacing: 0; border-collapse: collapse; }
#MessageViewBody, #MessageWebViewDiv { width: 100% !important; }
img { -ms-interpolation-mode: bicubic; }
a { text-decoration: none; border: 0; }
a[x-apple-data-detectors], .unstyle-auto-detected-links a, .aBn { borde=
r-bottom: 0 !important; cursor: default !important; color: inherit !importa=
nt; text-decoration: none !important; font-size: inherit !important; font-f=
amily: inherit !important; font-weight: inherit !important; line-height: in=
herit !important; }
u+#body a, #MessageViewBody a { color: inherit; text-decoration: none; =
font-size: inherit; font-family: inherit; font-weight: inherit; line-height=
: inherit; }
a { color: #d40000 !important; }
@media only screen and (max-width:480px) {
.w80 { width: 80px !important; }
.w100pct { width: 100% !important; }
.padL20 { padding-left: 20px !important; }
.padR20 { padding-right: 20px !important; }
.padB30 { padding-bottom: 30px !important; }
.padB10 { padding-bottom: 10px !important; }
.padL0 { padding-left: 0 !important; }
.padR0 { padding-right: 0 !important; }
.fs22 { font-size: 18px !important; line-height: 22px !important; }
.fs14 { font-size: 12px !important; line-height: 14px !important; }
}</style>
</head>
<body bgcolor=3D"#ffffff" style=3D"padding:0px;margin:0px;">
<div style=3D"display: none; max-height: 0px; overflow: hidden;">Welcome =
back to Wall Power. Art Basel C.E.O. Noah Horowitz, who had dinner with sev=
eral international gallerists the night before at Joe=E2=80=99s Stone Crab,=
cited slower sales and longer payment cycles as among the burdens on the g=
alleries leading up to the December fair. But once the convention hall open=
ed on Wednesday, he reported a collective feeling of relief. =E2=80=9CIt=E2=
=80=99s been a long year for our gallery clients.=E2=80=9D
=20
=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=
=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=
=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=
=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=C2=A0=E2=
=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=
=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=
=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=
=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=C2=A0=E2=80=8C=C2=
=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=
=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=
=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=
=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=C2=A0=E2=80=8C=C2=A0=E2=80=
=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=
=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=
=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=
=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=
=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=
=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=
=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=
=C2=A0=E2=80=8C=C2=A0=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=
=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=
=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=
=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=
=80=8C=C2=A0=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=
=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=
=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=
=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=
=A0=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=
=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=
=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=
=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0</div>
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=3D"w100pct"=
role=3D"presentation" style=3D"margin: 0; padding:0; width: 100% !importan=
t" width=3D"100%">
<tbody><tr>
<td align=3D"center" valign=3D"top">
<!--EMAIL CONTENT-->
<table bgcolor=3D"#FFFFFF" border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" class=3D"w100pct" role=3D"presentation" style=3D"width: 600px; min-w=
idth: 320px;" width=3D"600">
<!-- HEADER -->
<tbody><tr>
<td style=3D"line-height:0;font-size:0;"><a href=3D"https://email.pu=
ck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc=
3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvP3V0bV9jYW1wYWlnbj1XYWxsK1Bvd2=
VyKy0rTEVBRFMrJTI4MTIlMkY4JTJGMjQlMjlcdTAwMjZ1dG1fY29udGVudD1XYWxsK1Bvd2VyK=
y0rTEVBRFMrJTI4MTIlMkY4JTJGMjQlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1=
MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ=
0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoxfQ/f23=
205ca90cd9f20a63fe1923201b1a1b92ed29436175e77a09eadcf900c5b33" target=3D"_b=
lank"><img align=3D"center" alt=3D"Wall Power" class=3D"w100pct" src=3D"htt=
ps://images.scalero.io/email_assets/4014/WJFU82NTRLN0B565HQHSZMEPEURRBG02FB=
R0LHGZLUK1314P90US0GSXR20DT5A1.png" style=3D"width:600px; display: block;" =
width=3D"600"/></a></td>
</tr>
<tr>
<td style=3D"line-height:0;font-size:0;"><a href=3D"https://email.pu=
ck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc=
3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly93d3cubWFzdGVyd29ya3MuY29tP3V0bV9zb3VyY2U9d2=
FsbHBvd2VyXHUwMDI2dXRtX21lZGl1bT1uZXdzbGV0dGVyXHUwMDI2dXRtX2NhbXBhaWduPTEyL=
TgtMjRcdTAwMjZ1dG1fdGVybT1XYWxsK1Bvd2VyK3N1YnNjcmliZXJcdTAwMjZ1dG1fY29udGVu=
dD1tZWV0eW91cm11c2VcdTAwMjZ1dG1fY2FtcGFpZ249V2FsbCtQb3dlcistK0xFQURTKyUyODE=
yJTJGOCUyRjI0JTI5XHUwMDI2dXRtX2NvbnRlbnQ9V2FsbCtQb3dlcistK0xFQURTKyUyODEyJT=
JGOCUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlP=
WN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5h=
bCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjAwOTkwMH0/6e67bd43f28d214=
7ed061dfd00cdaee95db468acd47773d1deef1cea2c423644" target=3D"_blank"><img a=
lt=3D"Wall Power" class=3D"w100pct" src=3D"https://images.scalero.io/email_=
assets/4014/ZSSKOQOHD3H82BZSMWSLSYA60IKR10M4IARSPO37D6HKU2IB4N33JKCS3G1IPDJ=
D.png" style=3D"width:600px;display: block;" width=3D"600"/></a></td>
</tr>
<!-- END OF HEADER -->
<!-- PREVIEW SECTION -->
<tr>
<td align=3D"center" class=3D"padL12 padR12" style=3D"padding-bottom=
: 10px; padding-top: 15px">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=3D"w1=
00pct" role=3D"presentation" style=3D"width: 540px;" width=3D"540">
<tbody><tr>
<td align=3D"center">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"=
presentation" style=3D"width: 64px;" width=3D"64">
<tbody><tr>
<td align=3D"center" style=3D"padding-right: 4px;">
<img alt=3D"" class=3D"w100pct" src=3D"https://images.scalero=
=2Eio/email_assets/2602/WF6IC5T492ID069=
W53XHAXQRVIWL4KRJF3DKBZNUO5GN9K47QCYTZ=
ALHCLVT7RC2.png" style=3D"width:60px;border: 0;" width=3D"60"/>
</td>
</tr>
</tbody></table>
</td>
<td width=3D"100%">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"=
presentation" width=3D"100%">
<tbody><tr>
<td align=3D"left" class=3D"dm-text" style=3D"padding-bottom: =
6px;">
<p style=3D"margin: 0; color: #000000; font-size: 16px; line-=
height: 16px; font-family: 'Helvetica Neue', Helvetica, Arial, sans=
-serif;text-transform: uppercase;font-weight: 700;">PREVIEW VERSION</p>
</td>
</tr>
<tr>
<td align=3D"left" class=3D"dm-text" style=3D"padding-bottom: =
0px;">
<p style=3D"margin: 0; color: #000000; font-size: 16px; line-=
height: 16px; font-family: 'Helvetica Neue', Helvetica, Arial, sans=
-serif;font-weight: 400;"><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF=
9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVpSST0iLCJocmVmIjoia=
HR0cHM6Ly9wdWNrLm5ld3Mvam9pbi8_dXRtX2NhbXBhaWduPVdhbGwrUG93ZXIrLStMRUFEUysl=
MjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9jb250ZW50PVdhbGwrUG93ZXIrLStMRUFEUyslMjg=
xMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdX=
JjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50Z=
XJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjU1ODY3OX0/bc11a7be4f38=
0586913215a05b2994ce2a64800c6b25d4f5e3567733ceed9d7d" style=3D"color: #D400=
00" target=3D"blank">Start a free 14-day trial</a> to unlock unlimited acce=
ss to Puck.</p>
</td>
</tr>
</tbody></table>
</td>
</tr>
</tbody></table>
</td>
</tr>
<!-- END OF PREVIEW SECTION -->
<!-- DIVIDER -->
<tr class=3D"replica" name=3D"quote3">
<td align=3D"center" style=3D"padding-bottom: 20px;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=3D"w1=
00pct" role=3D"presentation" style=3D"width: 540px;" width=3D"540">
<tbody><tr>
<td align=3D"center" style=3D"font-size:20px; line-height:34px; b=
order-top:1px solid #BBBBBB; padding: 0px 0;">
</td>
</tr>
</tbody></table>
</td>
</tr>
<!-- DIVIDER -->
<!-- CONTENT -->
<tr>
<td align=3D"center" class=3D"padL20 padR20" style=3D"padding: 16px =
0;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=3D"w1=
00pct" role=3D"presentation" style=3D"width: 540px;" width=3D"540">
<!-- INTRO SENTENCE-->
<!-- END OF INTRO SENTENCE-->
<!-- INTRO -->
<tbody><tr class=3D"replica" name=3D"intro">
<td style=3D"padding-bottom: 36px;">
<p style=3D"margin: 0; color: #000000; font-size: 16px; line-hei=
ght: 30px; margin-top: 0; margin-bottom: 0;">Welcome back to Wall Power. I=
=E2=80=99m <b>Marion Maneker</b>. <br/><br/>=E2=80=9CThe fair has delivered=
for so many of our clients,=E2=80=9D Art Basel C.E.O. <b>Noah Horowitz</b>=
told me on Friday by phone from Miami. =E2=80=9CEveryone has been able to =
exhale.=E2=80=9D Horowitz, who had dinner with several international galler=
ists the night before at Joe=E2=80=99s Stone Crab, cited slower sales and l=
onger payment cycles as among the burdens on the galleries leading up to th=
e December fair. But once the convention hall opened on Wednesday, he repor=
ted a collective feeling of relief. =E2=80=9CIt=E2=80=99s been a long year =
for our gallery clients.=E2=80=9D <br/><br/>I wasn=E2=80=99t able to get to=
Miami this year. But I did want to figure out what was happening on the gr=
ound. So I spent some time speaking to a range of people in attendance. I=
=E2=80=99ll get into all of that below. <br/><br/><i>But first=E2=80=A6</i>=
<br/><br/></p><ul style=3D"margin:0;color:#000000;font-size:16px;line-heigh=
t:30px;margin-top:0;margin-bottom:0;list-style-type:square;mso-special-form=
at:bullet"><li><i>An Old Master sales report</i>: The London Old Master sal=
es had some remarkable performances last week. At Sotheby=E2=80=99s, the ac=
knowledged leader in the field, the evening sale total rose above =C2=A324 =
million, with around 40 percent of that haul coming from a single work=E2=
=80=94an early <b>Sandro Botticelli</b> <b><u><a href=3D"https://email.puck=
=2Enews/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1l=
EQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3S=
VpSST0iLCJocmVmIjoiaHR0cHM6Ly93d3cuc290aGVieXMuY29tL2VuL2J1eS9hdWN0aW9uLzIw=
MjQvb2xkLW1hc3Rlci0xOXRoLWNlbnR1cnktcGFpbnRpbmdzLWV2ZW5pbmctYXVjdGlvbi1sMjQ=
wMzYvdGhlLXZpcmdpbi1hbmQtY2hpbGQtZW50aHJvbmVkP3V0bV9jYW1wYWlnbj1XYWxsK1Bvd2=
VyKy0rTEVBRFMrJTI4MTIlMkY4JTJGMjQlMjlcdTAwMjZ1dG1fY29udGVudD1XYWxsK1Bvd2VyK=
y0rTEVBRFMrJTI4MTIlMkY4JTJGMjQlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1=
MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ=
0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMDA5OT=
AxfQ/3183b709c847469770fb24eb1906b9acb1c0164415568419ee3715725731e081" styl=
e=3D"color:rgb(212, 0, 0);text-decoration:none;font-weight:bold" class=3D"s=
df">painting</a></u></b>, <i>The Virgin and Child enthroned</i>, that ultim=
ately sold for...</li></ul>
</td>
</tr>
<!-- END OF INTRO -->
<!-- DIVIDER -->
<!-- DIVIDER -->
<!-- REGULAR CONTENT -->
<!-- END OF REGULAR CONTENT -->
<!-- ADVERTISEMENT -->
<tr class=3D"replica" name=3D"ad4">
<td align=3D"center" style=3D"padding-bottom: 20px;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=3D=
"w100pct" role=3D"presentation" style=3D"width: 100%; border-top: 3px solid=
#BBBBBB; border-bottom: 3px solid #BBBBBB; " width=3D"100%">
<tbody><tr>
<td align=3D"center" style=3D"padding: 16px 0;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=
=3D"w100pct" role=3D"presentation" style=3D"width: 100%;" width=3D"100%">
<tbody><tr>
<td align=3D"left" style=3D"color:#8a8888; line-height:1.5;=
font-size: 12px; mso-line-height-alt: 18px; margin: 0; text-transform: upp=
ercase; padding-bottom: 6px;">
<b>A MESSAGE FROM OUR SPONSOR</b>
</td>
</tr>
<tr>
<td style=3D"padding-bottom: 20px;"><a href=3D"https://emai=
l.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjB=
DSVc3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly93d3cubWFzdGVyd29ya3MuY29tP3V0bV9zb3VyY2=
U9d2FsbHBvd2VyXHUwMDI2dXRtX21lZGl1bT1uZXdzbGV0dGVyXHUwMDI2dXRtX2NhbXBhaWduP=
TEyLTgtMjRcdTAwMjZ1dG1fdGVybT1XYWxsK1Bvd2VyK3N1YnNjcmliZXJcdTAwMjZ1dG1fY29u=
dGVudD1tZWV0eW91cm11c2VcdTAwMjZ1dG1fY2FtcGFpZ249V2FsbCtQb3dlcistK0xFQURTKyU=
yODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX2NvbnRlbnQ9V2FsbCtQb3dlcistK0xFQURTKyUyOD=
EyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291c=
mNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRl=
cm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjAwOTkwMH0/6e67bd43f28=
d2147ed061dfd00cdaee95db468acd47773d1deef1cea2c423644" target=3D"_blank"><i=
mg align=3D"center" alt=3D"$(ad4_title)" border=3D"0" class=3D"w100pct" src=
=3D"https://images.scalero.io/email_assets/4014/SAYV27SOP8QLX26OIHF3TD1B155=
GB7A95ZCQAHLPOBQ0FZEYKHUPFH4AX95622GA.png" style=3D"width: 540px;" width=3D=
"540"/></a></td>
</tr>
<tr>
<td style=3D"font-size: 14px; line-height: 17px; color: #8a=
8888;">Generational wealth, meet your muse. Over the next 25 years, $84 tri=
llion (yes, with a =E2=80=98T=E2=80=99) will pass between generations, resh=
aping markets=E2=80=94with a sizable portion held in high-value assets incl=
uding art collections. In fact, Bank of America predicts the value of art a=
nd collectibles will make up 11% of ultra-high-net-worth portfolios by 2026=
=2E<br/><br/>Scott Lynn and his team a=
t <u><a href=3D"https://email.puck.news=
/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVpSST=
0iLCJocmVmIjoiaHR0cHM6Ly93d3cubWFzdGVyd29ya3MuY29tLz91dG1fc291cmNlPXdhbGxwb=
3dlclx1MDAyNnV0bV9tZWRpdW09bmV3c2xldHRlclx1MDAyNnV0bV9jYW1wYWlnbj0xMi04LTI0=
XHUwMDI2dXRtX3Rlcm09V2FsbCtQb3dlcitzdWJzY3JpYmVyXHUwMDI2dXRtX2NvbnRlbnQ9bWV=
ldHlvdXJtdXNlXHUwMDI2dXRtX2NhbXBhaWduPVdhbGwrUG93ZXIrLStMRUFEUyslMjgxMiUyRj=
glMkYyNCUyOVx1MDAyNnV0bV9jb250ZW50PVdhbGwrUG93ZXIrLStMRUFEUyslMjgxMiUyRjglM=
kYyNCUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0=
b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJ=
mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIwMDk5MDJ9/a896b897b50389ca325c8=
a32ff127fd22b407b60136c157b6b690d1f586e8920" style=3D"color:#d40000;text-de=
coration:underline;font-weight:bold" class=3D"sdf">Masterworks</a></u> are =
poised to take advantage. They=E2=80=99ve
spent years sourcing blue-chip works by icons like Picasso and Basquiat, gi=
ving 67,000+ investors a stake in the art market. The results? 23 profitabl=
e exits and annualized net returns like +17.6%, +17.8%, +21.5%, and more (o=
n assets held 1+ year).<br/><br/>With the art market climbing back, we have=
conviction it=E2=80=99s an opportune time to diversify with a historically=
uncorrelated asset class. Through our partnership, you can get priority ac=
cess to Masterworks today. Don=E2=80=99t miss your chance=E2=80=94<u><a hre=
f=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQU=
dUcUZjc0lXLWlINjBDSVc3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly93d3cubWFzdGVyd29ya3MuY=
29tLz91dG1fc291cmNlPXdhbGxwb3dlclx1MDAyNnV0bV9tZWRpdW09bmV3c2xldHRlclx1MDAy=
NnV0bV9jYW1wYWlnbj0xMi04LTI0XHUwMDI2dXRtX3Rlcm09V2FsbCtQb3dlcitzdWJzY3JpYmV=
yXHUwMDI2dXRtX2NvbnRlbnQ9bWVldHlvdXJtdXNlXHUwMDI2dXRtX2NhbXBhaWduPVdhbGwrUG=
93ZXIrLStMRUFEUyslMjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9jb250ZW50PVdhbGwrUG93Z=
XIrLStMRUFEUyslMjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9u=
XHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzA=
xZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIwMD=
k5MDJ9/a896b897b50389ca325c8a32ff127fd22b407b60136c157b6b690d1f586e8920" st=
yle=3D"color:#d40000;text-decoration:underline;font-weight:bold" class=3D"s=
df">click
here</a></u>.<br/><br/><br/>Investing Involves Risk. Past performance not i=
ndicative of future returns. See Important Disclosures at <u><a href=3D"htt=
ps://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0=
lXLWlINjBDSVc3SVpSST0iLCJocmVmIjoiaHR0cDovL21hc3RlcndvcmtzLmNvbS9jZD91dG1fY=
2FtcGFpZ249V2FsbCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX2Nv=
bnRlbnQ9V2FsbCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX21lZGl=
1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm=
09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4I=
iwibGlua19pZCI6MjAwOTkwM30/d47c65535dda150ffd4bc3631dd56faba2885944c49a3ba3=
af93251cbe2a438c" style=3D"color:#d40000;text-decoration:underline;font-wei=
ght:bold" class=3D"sdf">masterworks.com/cd</a></u><br/><br/><sup><i><br/>Th=
e content is not intended to provide legal, tax, or investment advice.<br/>=
No money is being solicited or will be accepted until the offering statemen=
t for a particular offering has been qualified by the SEC. Offers may be re=
voked at any time. Contacting Masterworks involves no commitment or obligat=
ion. <br/>=E2=80=9CAnnualized Net Return=E2=80=9D or =E2=80=9CIRR=E2=80=9D =
refers to annualized internal rate of return net of all fees and expenses, =
calculated from the offering closing date to the date the sale is consummat=
ed. For additional information regarding the calculation of IRR for a parti=
cular investment in an artwork that has been sold, a
reconciliation will be filed as an exhibit to Form 1-U and will be availabl=
e on the SEC=E2=80=99s website. <br/>This communication is sent exclusively=
from Masterworks and is not endorsed by or affiliated with Bank of America=
Masterworks did not contribute to the creation of the referenced content.=
The report is not intended to be regarded as investment advice, an offer,=
or solicitation of an offer to enter into any Masterworks offering. <br/>C=
orrelation data based on repeat-sales index of historical Post-War & Co=
ntemporary Art market prices and S&P 500 annualized return (includes di=
vidends reinvested) from 1995 to 2024, developed by Masterworks. There are =
significant limitations to comparative asset class data. Indices are unmana=
ged and a Masterworks investor cannot invest directly in an index.</i></sup=
><br/></td>
</tr>
</tbody></table>
</td>
</tr>
</tbody></table>
</td>
</tr>
<!-- END OF ADVERTISEMENT -->
<!-- LEADS LANGUAGE -->
<tr class=3D"replica" name=3D"leads_language">
<td align=3D"left" class=3D"dm-text" style=3D"padding-bottom: 30p=
x;">
<p style=3D"margin: 0; color: #000000; font-size: 16px; line-hei=
ght: 30px; font-family: 'Helvetica Neue', Helvetica, Arial, sans-se=
rif;">
<i>Can=E2=80=99t see the full story?
<b>
You=E2=80=99re receiving the free version of Wall Power at en=
zo@showfile.com</b>. For full access to Puck, and to each of my colleagues,=
you can
<b><a class=3D"sdf" href=3D"https://email.puck.news/e/c/eyJlbW=
FpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVpSST0iLCJocmVmI=
joiaHR0cHM6Ly9wdWNrLm5ld3Mvam9pbi8_dXRtX2NhbXBhaWduPVdhbGwrUG93ZXIrLStMRUFE=
UyslMjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9jb250ZW50PVdhbGwrUG93ZXIrLStMRUFEUys=
lMjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3=
NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4Iiwia=
W50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjU1ODY3OX0/bc11a7be=
4f380586913215a05b2994ce2a64800c6b25d4f5e3567733ceed9d7d" style=3D"color:#d=
40000;text-decoration:underline;font-weight:bold">subscribe here</a></b>.</=
i>
</p>
</td>
</tr>
<!-- END OF LEADS LANGUAGE -->
<!-- CTA -->
<tr class=3D"replica" name=3D"s1_cta">
<td align=3D"center" style=3D"padding-bottom: 40px;">
<div>
<!--[if mso]>
<v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml=
" xmlns:w=3D"urn:schemas-microsoft-com:office:word" href=3D"https://email.p=
uck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSV=
c3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvam9pbi8_dXRtX2NhbXBhaWduPVdhb=
GwrUG93ZXIrLStMRUFEUyslMjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9jb250ZW50PVdhbGwr=
UG93ZXIrLStMRUFEUyslMjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN=
0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZT=
NkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiO=
jU1ODY3OX0/bc11a7be4f380586913215a05b2994ce2a64800c6b25d4f5e3567733ceed9d7d=
" style=3D"height:44px;v-text-anchor:middle;width:220px;" arcsize=3D"10%" s=
troke=3D"f" fillcolor=3D"#C2291B">
<w:anchorlock/>
<center>
<![endif]--><a class=3D"cta" href=3D"https://email.pu=
ck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc=
3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvam9pbi8_dXRtX2NhbXBhaWduPVdhbG=
wrUG93ZXIrLStMRUFEUyslMjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9jb250ZW50PVdhbGwrU=
G93ZXIrLStMRUFEUyslMjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0=
aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTN=
kMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOj=
U1ODY3OX0/bc11a7be4f380586913215a05b2994ce2a64800c6b25d4f5e3567733ceed9d7d"=
style=3D"background-color:#C2291B;border-radius:4px;color:#ffffff!importan=
t;text-decoration:none!important;display:inline-block;font-family:sans-seri=
f;font-size:13px;font-weight:bold;line-height:44px;text-align:center;text-d=
ecoration:none;width:220px;-webkit-text-size-adjust:none;">Learn More</a><!=
--[if mso]>
</center>
</v:roundrect>
<![endif]-->
</div>
</td>
</tr>
<!-- END OF CTA -->
<!-- STORY HERO -->
<tr class=3D"replica" name=3D"hero1">
<td>
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=3D=
"w100pct" role=3D"presentation" style=3D"width: 100%;" width=3D"100%">
<tbody><tr>
<td style=3D"padding-bottom: 10px;"><a href=3D"https://email.p=
uck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSV=
c3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MveW91bmctY29sbGVjdG9ycy1icmF6a=
WxpYW5zLXNob3ctb3V0LWF0LWFydC1iYXNlbC1taWFtaS0yMDI0Lz91dG1fY2FtcGFpZ249V2Fs=
bCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX2NvbnRlbnQ9V2FsbCt=
Qb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3=
Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM=
2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6=
MjAwOTkwNH0/8024109faf6682be94fc90195ac7c5bddebef5754183d03c8daa0f1c9726a7a=
9" target=3D"_blank"><img alt=3D"Magic City Moves" class=3D"w100pct" src=3D=
"https://images.scalero.io/email_assets/4014/N7BAOSXN8L8EU4844U3EJOCOCLB12T=
IL7UGOXUHJFWZUS257T1RVG44X272UILB0.png" style=3D"width:540px;" width=3D"540=
"/></a></td>
</tr>
<tr>
<td style=3D"padding-bottom: 10px;"><a href=3D"https://email.p=
uck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSV=
c3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MveW91bmctY29sbGVjdG9ycy1icmF6a=
WxpYW5zLXNob3ctb3V0LWF0LWFydC1iYXNlbC1taWFtaS0yMDI0Lz91dG1fY2FtcGFpZ249V2Fs=
bCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX2NvbnRlbnQ9V2FsbCt=
Qb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3=
Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM=
2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6=
MjAwOTkwNH0/8024109faf6682be94fc90195ac7c5bddebef5754183d03c8daa0f1c9726a7a=
9" rel=3D"noopener" style=3D"text-decoration: none; color: #d70a09; font-fa=
mily: Beskerville, Georgia, 'Times New Roman', Times, serif; font-s=
ize:30px; line-height:36px;" target=3D"_blank">Magic City Moves</a></td>
</tr>
<tr>
<td style=3D"font-size:18px; color:#000000;line-height:30px; p=
adding-bottom: 10px;">There isn=E2=80=99t one definitive Art Basel Miami Be=
ach experience. Everybody rushes around chasing their own bliss. And while =
the parties and brand activations might have been toned down=E2=80=94sorry,=
no Rihanna this year=E2=80=94many attendees said the quality of the artwor=
k on offer was better and the prices were more realistic.</td>
</tr>
<tr class=3D"replica" name=3D"author">
<td style=3D"padding-bottom: 24px;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=
=3D"w100pct" role=3D"presentation" style=3D"width: 100%;" width=3D"100%">
<tbody><tr>
<td width=3D"80"><a href=3D"https://email.puck.news/e/c/eyJ=
lbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVpSST0iLCJocm=
VmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvYXV0aG9yL21hcmlvbi1tYW5la2VyLz91dG1fY2FtcGFpZ=
249V2FsbCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX2NvbnRlbnQ9=
V2FsbCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWF=
pbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNj=
A2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua=
19pZCI6ODQ3ODE3fQ/2c61ff86de57d153fcddc876d70705e392c826e669e8e9dd70202f122=
0ee32c7" target=3D"_blank"><img alt=3D"MARION MANEKER" src=3D"https://image=
s.scalero.io/email_assets/4014/5U91RL8QH35FF9HGFOAQOSQW8H4C5DPTZ2B6X3OWH55F=
47VW83M55HOB5IFV2UDZ.png" style=3D"width:45px;" width=3D"45"/></a></td>
<td style=3D"font-size:18px; color:#555555;line-height:22px=
; border-bottom: 1px solid #bbbbbb;"><a href=3D"https://email.puck.news/e/c=
/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVpSST0iLC=
JocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvYXV0aG9yL21hcmlvbi1tYW5la2VyLz91dG1fY2Ftc=
GFpZ249V2FsbCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX2NvbnRl=
bnQ9V2FsbCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1=
lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09Zj=
ZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4Iiwib=
Glua19pZCI6ODQ3ODE3fQ/2c61ff86de57d153fcddc876d70705e392c826e669e8e9dd70202=
f1220ee32c7" rel=3D"noopener" style=3D"text-decoration: none; color: #d70a0=
9;" target=3D"_blank"> <strong>MARION MANEKER</strong></a></td>
</tr>
</tbody></table>
</td>
</tr>
</tbody></table>
</td>
</tr>
<!-- END OF STORY HERO -->
<!-- REGULAR CONTENT -->
<tr class=3D"replica" name=3D"s1">
<td style=3D"padding-bottom: 36px; color: #000000; font-size: 16p=
x; line-height: 30px; margin-top: 0; margin-bottom: 0;">Sitting at his boot=
h at Art Basel Miami Beach, <b>David Nahmad, </b>the eldest and leading mem=
ber of the transatlantic art dealing family, expressed regret for having so=
ld so many of his prized pieces years ago. Many of them have returned to ma=
rket for prices, he said, that were 10, 20, even 50 times higher. =E2=80=9C=
But you also have to bear in mind that the cash has lost its value,=E2=80=
=9D the patriarch said. =E2=80=9CFifty years ago, a painting worth $100,000=
was a lot of money. Today, with $100,000, you can spend one week in a luxu=
ry hotel.=E2=80=9D <br/><br/>I=E2=80=99m guessing Nahmad wasn=E2=80=99t...<=
br/></td>
</tr>
<!-- END OF REGULAR CONTENT -->
<!-- CTA -->
<tr class=3D"replica" name=3D"s2_cta">
<td align=3D"center" style=3D"padding-bottom: 30px;">
<div>
<!--[if mso]>
<v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml=
" xmlns:w=3D"urn:schemas-microsoft-com:office:word" href=3D"https://email.p=
uck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSV=
c3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MveW91bmctY29sbGVjdG9ycy1icmF6a=
WxpYW5zLXNob3ctb3V0LWF0LWFydC1iYXNlbC1taWFtaS0yMDI0Lz91dG1fY2FtcGFpZ249V2Fs=
bCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX2NvbnRlbnQ9V2FsbCt=
Qb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3=
Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM=
2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6=
MjAwOTkwNH0/8024109faf6682be94fc90195ac7c5bddebef5754183d03c8daa0f1c9726a7a=
9" style=3D"height:44px;v-text-anchor:middle;width:220px;" arcsize=3D"10%" =
stroke=3D"f" fillcolor=3D"#C2291B">
<w:anchorlock/>
<center>
<![endif]--><a class=3D"cta" href=3D"https://email.pu=
ck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc=
3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MveW91bmctY29sbGVjdG9ycy1icmF6aW=
xpYW5zLXNob3ctb3V0LWF0LWFydC1iYXNlbC1taWFtaS0yMDI0Lz91dG1fY2FtcGFpZ249V2Fsb=
CtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX2NvbnRlbnQ9V2FsbCtQ=
b3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3R=
pb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2=
QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6M=
jAwOTkwNH0/8024109faf6682be94fc90195ac7c5bddebef5754183d03c8daa0f1c9726a7a9=
" style=3D"background-color:#C2291B;border-radius:4px;color:#ffffff!importa=
nt;text-decoration:none!important;display:inline-block;font-family:sans-ser=
if;font-size:13px;font-weight:bold;line-height:44px;text-align:center;text-=
decoration:none;width:220px;-webkit-text-size-adjust:none;">Keep Reading wi=
th a Free Trial</a><!--[if mso]>
</center>
</v:roundrect>
<![endif]-->
</div>
</td>
</tr>
<!-- END OF CTA -->
=20
</tbody></table>
</td>
</tr>
<!-- END OF CONTENT -->
<!-- DIVIDER -->
<tr class=3D"replica" name=3D"quote3">
<td align=3D"center">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=3D"w1=
00pct" role=3D"presentation" style=3D"width: 540px;" width=3D"540">
<tbody><tr>
<td align=3D"center" style=3D"font-size:20px; line-height:34px; b=
order-top:1px solid #BBBBBB; padding: 0px 0;">
</td>
</tr>
</tbody></table>
</td>
</tr>
<!-- DIVIDER -->
<!-- OTHER STORIES -->
<tr class=3D"replica" name=3D"stories">
<td align=3D"center" class=3D"padL20 padR20" style=3D"padding-top: 2=
0px; padding-bottom: 20px;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=3D"w1=
00pct" role=3D"presentation" style=3D"width: 540px;" width=3D"540">
<tbody><tr>
<td class=3D"padL0 padR0" style=3D"font-size:14px; font-weight:bo=
ld;color:#d70a09;line-height:18px; padding: 0 30px 20px 30px;">FOUR STORIES=
WE=E2=80=99RE TALKING ABOUT</td>
</tr>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=3D=
"w100pct" role=3D"presentation" style=3D"width: 100%;" width=3D"100%">
<!-- STORY ITEM -->
<tbody><tr class=3D"replica" name=3D"story1">
<td style=3D"padding-right: 10px; padding-bottom: 10px;" valig=
n=3D"top"><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1=
lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrL=
m5ld3MvcmNwbWstbGF3c3VpdC1hZ2FpbnN0LWV4LWVtcGxveWVlcy1pcy1hLXdlZW5pZS1tb3Zl=
Lz91dG1fY2FtcGFpZ249V2FsbCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI=
2dXRtX2NvbnRlbnQ9V2FsbCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dX=
RtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2d=
XRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAx=
ZDQ4ZDI4IiwibGlua19pZCI6MjAwODk5N30/4dc1572e679bf6b8f7ff1f7ccce8a70cba5fc6f=
d937a0d4dc1d3721d22ab44c3" target=3D"_blank"><img alt=3D"Hollywood P.R. War=
s" class=3D"w80" src=3D"https://userimg-bee.customeriomail.com/images/clien=
t-env-107382/Icon_Martini.png" style=3D"width:145px;" width=3D"145"/></a></=
td>
<td class=3D"padB30" style=3D"padding-bottom: 10px;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=
=3D"w100pct" role=3D"presentation" style=3D"width: 100%;" width=3D"100%">
<tbody><tr>
<td class=3D"padB10" style=3D"padding-bottom: 20px;"><a cla=
ss=3D"fs22" href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1l=
EQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm=
5ld3MvcmNwbWstbGF3c3VpdC1hZ2FpbnN0LWV4LWVtcGxveWVlcy1pcy1hLXdlZW5pZS1tb3ZlL=
z91dG1fY2FtcGFpZ249V2FsbCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2=
dXRtX2NvbnRlbnQ9V2FsbCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXR=
tX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dX=
RtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZ=
DQ4ZDI4IiwibGlua19pZCI6MjAwODk5N30/4dc1572e679bf6b8f7ff1f7ccce8a70cba5fc6fd=
937a0d4dc1d3721d22ab44c3" rel=3D"noopener" style=3D"text-decoration: none; =
color: #d40000; font-size: 22px; font-weight: 700; line-height: 26px; font-=
family: Beskerville,Georgia,'Times New Roman',Times,serif;" target=
=3D"_blank">Hollywood P.R. Wars</a></td>
</tr>
<tr>
<td class=3D"padB10 fs14" style=3D"font-size:14px;color:#55=
5;line-height:16px; padding-bottom: 20px;">Unraveling a once-mighty P.R. fi=
rm=E2=80=99s suit against defectors.</td>
</tr>
<tr>
<td class=3D"fs14" style=3D"font-size:14px;color:#000000;li=
ne-height:16px;"><strong>MATTHEW BELLONI</strong></td>
</tr>
</tbody></table>
</td>
</tr>
<!-- END OF STORY ITEM -->
<!-- STORY ITEM -->
<tr class=3D"replica" name=3D"story2">
<td style=3D"padding-right: 10px; padding-bottom: 10px;" valig=
n=3D"top"><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1=
lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrL=
m5ld3MvbWF0dGhpZXUtYmxhenktdG8tY2hhbmVsLXdoby13aWxsLXJlcGxhY2UtaGltLWF0LWJv=
dHRlZ2EvP3V0bV9jYW1wYWlnbj1XYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTIlMkY4JTJGMjQlMjl=
cdTAwMjZ1dG1fY29udGVudD1XYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTIlMkY4JTJGMjQlMjlcdT=
AwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cd=
TAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVl=
M2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMDA4Mjk0fQ/a3fd740dc2c3197960e8e412bf690480=
28808ecce1112477c30161b4dbf71844" target=3D"_blank"><img alt=3D"Blazy-Chane=
l News" class=3D"w80" src=3D"https://userimg-bee.customeriomail.com/images/=
client-env-107382/Icon_MoneyBag.png" style=3D"width:145px;" width=3D"145"/>=
</a></td>
<td class=3D"padB30" style=3D"padding-bottom: 10px;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=
=3D"w100pct" role=3D"presentation" style=3D"width: 100%;" width=3D"100%">
<tbody><tr>
<td class=3D"padB10" style=3D"padding-bottom: 20px;"><a cla=
ss=3D"fs22" href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1l=
EQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm=
5ld3MvbWF0dGhpZXUtYmxhenktdG8tY2hhbmVsLXdoby13aWxsLXJlcGxhY2UtaGltLWF0LWJvd=
HRlZ2EvP3V0bV9jYW1wYWlnbj1XYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTIlMkY4JTJGMjQlMjlc=
dTAwMjZ1dG1fY29udGVudD1XYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTIlMkY4JTJGMjQlMjlcdTA=
wMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdT=
AwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM=
2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMDA4Mjk0fQ/a3fd740dc2c3197960e8e412bf6904802=
8808ecce1112477c30161b4dbf71844" rel=3D"noopener" style=3D"text-decoration:=
none; color: #d40000; font-size: 22px; font-weight: 700; line-height: 26px=
; font-family: Beskerville,Georgia,'Times New Roman',Times,serif;" =
target=3D"_blank">Blazy-Chanel News</a></td>
</tr>
<tr>
<td class=3D"padB10 fs14" style=3D"font-size:14px;color:#55=
5;line-height:16px; padding-bottom: 20px;">Behind the scenes of Matthieu Bl=
azy=E2=80=99s exit from Kering.</td>
</tr>
<tr>
<td class=3D"fs14" style=3D"font-size:14px;color:#000000;li=
ne-height:16px;"><strong>LAUREN SHERMAN</strong></td>
</tr>
</tbody></table>
</td>
</tr>
<!-- END OF STORY ITEM -->
<!-- STORY ITEM -->
<tr class=3D"replica" name=3D"story3">
<td style=3D"padding-right: 10px; padding-bottom: 10px;" valig=
n=3D"top"><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1=
lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrL=
m5ld3Mvc3RlcGhlbi1hLXNtaXRoLWJhY2tzLXVwLXRoZS1icmlua3MtdHJ1Y2svP3V0bV9jYW1w=
YWlnbj1XYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTIlMkY4JTJGMjQlMjlcdTAwMjZ1dG1fY29udGV=
udD1XYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTIlMkY4JTJGMjQlMjlcdTAwMjZ1dG1fbWVkaXVtPW=
VtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mN=
mM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJs=
aW5rX2lkIjoyMDA4NzI5fQ/a5a66f15e376566591f36177f2bd2a1cccb37e9743db5aa897ca=
180ad2d9504b" target=3D"_blank"><img alt=3D"Stephen A. Deal Points" class=
=3D"w80" src=3D"https://userimg-bee.customeriomail.com/images/client-env-10=
7382/Icon_UFO.png" style=3D"width:145px;" width=3D"145"/></a></td>
<td class=3D"padB30" style=3D"padding-bottom: 10px;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=
=3D"w100pct" role=3D"presentation" style=3D"width: 100%;" width=3D"100%">
<tbody><tr>
<td class=3D"padB10" style=3D"padding-bottom: 20px;"><a cla=
ss=3D"fs22" href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1l=
EQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm=
5ld3Mvc3RlcGhlbi1hLXNtaXRoLWJhY2tzLXVwLXRoZS1icmlua3MtdHJ1Y2svP3V0bV9jYW1wY=
Wlnbj1XYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTIlMkY4JTJGMjQlMjlcdTAwMjZ1dG1fY29udGVu=
dD1XYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTIlMkY4JTJGMjQlMjlcdTAwMjZ1dG1fbWVkaXVtPWV=
tYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNm=
M2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsa=
W5rX2lkIjoyMDA4NzI5fQ/a5a66f15e376566591f36177f2bd2a1cccb37e9743db5aa897ca1=
80ad2d9504b" rel=3D"noopener" style=3D"text-decoration: none; color: #d4000=
0; font-size: 22px; font-weight: 700; line-height: 26px; font-family: Beske=
rville,Georgia,'Times New Roman',Times,serif;" target=3D"_blank">St=
ephen A. Deal Points</a></td>
</tr>
<tr>
<td class=3D"padB10 fs14" style=3D"font-size:14px;color:#55=
5;line-height:16px; padding-bottom: 20px;">Decoding the true value of the h=
istoric ESPN deal.</td>
</tr>
<tr>
<td class=3D"fs14" style=3D"font-size:14px;color:#000000;li=
ne-height:16px;"><strong>JOHN OURAND</strong></td>
</tr>
</tbody></table>
</td>
</tr>
<!-- END OF STORY ITEM -->
<!-- STORY ITEM -->
<tr class=3D"replica" name=3D"story4">
<td style=3D"padding-right: 10px; padding-bottom: 10px;" valig=
n=3D"top"><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1=
lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrL=
m5ld3MvaWYtcGV0ZS1oZWdzZXRoLXdpdGhkcmF3cy13aG8tY291bGQtYmUtbmV4dC8_dXRtX2Nh=
bXBhaWduPVdhbGwrUG93ZXIrLStMRUFEUyslMjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9jb25=
0ZW50PVdhbGwrUG93ZXIrLStMRUFEUyslMjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9tZWRpdW=
09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtP=
WY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIs=
ImxpbmtfaWQiOjIwMDg5ODB9/97a3cbf988242747368bf972e75e88f59bb6081df1137e495f=
c72b97aba617dd" target=3D"_blank"><img alt=3D"The Hegseth Sitch" class=3D"w=
80" src=3D"https://userimg-bee.customeriomail.com/images/client-env-107382/=
Icon_Ace.png" style=3D"width:145px;" width=3D"145"/></a></td>
<td class=3D"padB30" style=3D"padding-bottom: 10px;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=
=3D"w100pct" role=3D"presentation" style=3D"width: 100%;" width=3D"100%">
<tbody><tr>
<td class=3D"padB10" style=3D"padding-bottom: 20px;"><a cla=
ss=3D"fs22" href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1l=
EQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm=
5ld3MvaWYtcGV0ZS1oZWdzZXRoLXdpdGhkcmF3cy13aG8tY291bGQtYmUtbmV4dC8_dXRtX2Nhb=
XBhaWduPVdhbGwrUG93ZXIrLStMRUFEUyslMjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9jb250=
ZW50PVdhbGwrUG93ZXIrLStMRUFEUyslMjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9tZWRpdW0=
9ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPW=
Y2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsI=
mxpbmtfaWQiOjIwMDg5ODB9/97a3cbf988242747368bf972e75e88f59bb6081df1137e495fc=
72b97aba617dd" rel=3D"noopener" style=3D"text-decoration: none; color: #d40=
000; font-size: 22px; font-weight: 700; line-height: 26px; font-family: Bes=
kerville,Georgia,'Times New Roman',Times,serif;" target=3D"_blank">=
The Hegseth Sitch</a></td>
</tr>
<tr>
<td class=3D"padB10 fs14" style=3D"font-size:14px;color:#55=
5;line-height:16px; padding-bottom: 20px;">Plus, the implications on other =
Trump appointees=E2=80=99 chances.</td>
</tr>
<tr>
<td class=3D"fs14" style=3D"font-size:14px;color:#000000;li=
ne-height:16px;"><strong>TARA PALMERI</strong></td>
</tr>
</tbody></table>
</td>
</tr>
<!-- END OF STORY ITEM -->
</tbody></table>
</td>
</tr>
</tbody></table>
</td>
</tr>
<!-- END OF OTHER STORIES -->
<!-- DIVIDER -->
<tr class=3D"replica" name=3D"quote3">
<td align=3D"center" style=3D"padding-bottom: 20px;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=3D"w1=
00pct" role=3D"presentation" style=3D"width: 540px;" width=3D"540">
<tbody><tr>
<td align=3D"center" style=3D"font-size:20px; line-height:34px; b=
order-top:1px solid #BBBBBB; padding: 0px 0;">
</td>
</tr>
</tbody></table>
</td>
</tr>
<!-- DIVIDER -->
<!-- IMAGE -->
<tr>
<td align=3D"center" class=3D"padL12 padR12" style=3D"padding: 10px;=
"><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTk=
tOT05LQUdUcUZjc0lXLWlINjBDSVc3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mva=
m9pbi8_dXRtX2NhbXBhaWduPVdhbGwrUG93ZXIrLStMRUFEUyslMjgxMiUyRjglMkYyNCUyOVx1=
MDAyNnV0bV9jb250ZW50PVdhbGwrUG93ZXIrLStMRUFEUyslMjgxMiUyRjglMkYyNCUyOVx1MDA=
yNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MD=
AyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZ=
DMwMWQ0OGQyOCIsImxpbmtfaWQiOjU1ODY3OX0/bc11a7be4f380586913215a05b2994ce2a64=
800c6b25d4f5e3567733ceed9d7d" target=3D"_blank"><img alt=3D"Start your free=
trial today" class=3D"w100pct" src=3D"https://images.scalero.io/email_asse=
ts/2253/7RWTT0DHVQ58C08FARBHACTOFLPIIERZ38SQAJ21ZIY1UZI7QAIIR83OH81KK0QN.pn=
g" style=3D"width:540px;border: 0;" width=3D"540"/></a></td>
</tr>
<!-- END OF IMAGE -->
<!-- FOOTER -->
<tr>
<td align=3D"center" class=3D"padL20 padR20" style=3D"padding: 50px =
0 30px;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pre=
sentation" width=3D"100%">
<tbody><tr>
<td align=3D"center" style=3D"padding-bottom: 20px;"><a href=3D"h=
ttps://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZj=
c0lXLWlINjBDSVc3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvP3V0bV9jYW1wYWl=
nbj1XYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTIlMkY4JTJGMjQlMjlcdTAwMjZ1dG1fY29udGVudD=
1XYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTIlMkY4JTJGMjQlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtY=
WlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2=
MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5=
rX2lkIjoxfQ/f23205ca90cd9f20a63fe1923201b1a1b92ed29436175e77a09eadcf900c5b3=
3" target=3D"_blank"><img alt=3D"Puck" src=3D"https://images.scalero.io/ema=
il_assets/2419/PH11UUE1DH0FLVW3ZTAP8F32P0TL01M9PHL0QR4EMT1VD8R7ZBZMSHRDZGEB=
64OU.png" style=3D"width:120px;border: 0;" width=3D"120"/></a></td>
</tr>
<!-- FOOTER SOCIAL -->
<tr>
<td align=3D"center" style=3D"padding-bottom: 16px;">
<table align=3D"center" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation">
<tbody><tr>
<td style=3D"padding: 0 10px;"><a href=3D"https://email.puck.n=
ews/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVp=
SST0iLCJocmVmIjoiaHR0cHM6Ly9mYWNlYm9vay5jb20vcHVja2RvdG5ld3M_dXRtX2NhbXBhaW=
duPVdhbGwrUG93ZXIrLStMRUFEUyslMjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9jb250ZW50P=
VdhbGwrUG93ZXIrLStMRUFEUyslMjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9tZWRpdW09ZW1h=
aWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzY=
wNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbm=
tfaWQiOjEwfQ/1a8e0daf058460e59d4832a63eba50b9cecea6f632653075ceb305ad468658=
f6" target=3D"_blank"><img alt=3D"Facebook" height=3D"48" src=3D"https://im=
ages.scalero.io/email_assets/2370/JQ413334NLVVPW2HD33POEGGI8TVO1QB9OXTB1HDO=
KECZZ6WZHAW0NQTM324I4EB.png" width=3D"48"/></a></td>
<td style=3D"padding: 0 10px;"><a href=3D"https://email.puck.n=
ews/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVp=
SST0iLCJocmVmIjoiaHR0cHM6Ly90d2l0dGVyLmNvbS9QdWNrTmV3cz91dG1fY2FtcGFpZ249V2=
FsbCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX2NvbnRlbnQ9V2Fsb=
CtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9h=
Y3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTV=
lM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZC=
I6MTF9/8070de985ec6fca478ce57483aeabdf9395eb770ba3712d054ad6eb6df18af07" ta=
rget=3D"_blank"><img alt=3D"Twitter" height=3D"48" src=3D"https://images.sc=
alero.io/email_assets/2370/HTN0ZC6E6R9UEOOQ64H6DZ0XSXW0IN6V933JNQ0NY9XP6XLW=
XXI2ARBBFJTYWWFQ.png" width=3D"48"/></a></td>
<td style=3D"padding: 0 10px;"><a href=3D"https://email.puck.n=
ews/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVp=
SST0iLCJocmVmIjoiaHR0cHM6Ly9pbnN0YWdyYW0uY29tL3B1Y2tkb3RuZXdzP3V0bV9jYW1wYW=
lnbj1XYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTIlMkY4JTJGMjQlMjlcdTAwMjZ1dG1fY29udGVud=
D1XYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTIlMkY4JTJGMjQlMjlcdTAwMjZ1dG1fbWVkaXVtPWVt=
YWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM=
2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW=
5rX2lkIjoxMn0/e8e385f7a555a8021cc76e90e035f67a8d1886964e930eebb0ef89cffd035=
364" target=3D"_blank"><img alt=3D"Instagram" height=3D"48" src=3D"https://=
images.scalero.io/email_assets/2370/GY9379N1AQ0Y3HV430TZYTB459UR61M4J7QHETX=
XULNSDWL65X405OVO0US8SLRS.png" width=3D"48"/></a></td>
<td style=3D"padding: 0 10px;"><a href=3D"https://email.puck.n=
ews/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVp=
SST0iLCJocmVmIjoiaHR0cHM6Ly9saW5rZWRpbi5jb20vY29tcGFueS9wdWNrbmV3cz91dG1fY2=
FtcGFpZ249V2FsbCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX2Nvb=
nRlbnQ9V2FsbCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX21lZGl1=
bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm0=
9ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4Ii=
wibGlua19pZCI6MTN9/6b231d5184bfb2061fc7567f8b8e5415f300b0bb091484b72a03bed9=
a35b8283" target=3D"_blank"><img alt=3D"LinkedIn" height=3D"48" src=3D"http=
s://images.scalero.io/email_assets/2370/YQXQ055CIYJ7X7M13TO3FKA1FY139VMPG2U=
MVLBSJBARR5TCMU1BBS1FZ29GMNRI.png" width=3D"48"/></a></td>
</tr>
</tbody></table>
</td>
</tr>
<!-- END OF FOOTER SOCIAL -->
<tr>
<td align=3D"center" style=3D"padding-top: 16px;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=3D=
"w100pct" role=3D"presentation" style=3D"width: 480px;" width=3D"480">
<tbody><tr>
<td align=3D"left" class=3D"dm-text" style=3D"padding-bottom: =
20px;padding-top: 0px;">
<p style=3D"margin: 0; color: #000000; font-size: 12px; line-=
height: 18px; font-family: 'Helvetica Neue', Helvetica, Arial, sans=
-serif;font-weight: 400;">Need help? Review our <a class=3D"dm-text" href=
=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUd=
UcUZjc0lXLWlINjBDSVc3SVpSST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvZmFxLz91dG=
1fY2FtcGFpZ249V2FsbCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX=
2NvbnRlbnQ9V2FsbCtQb3dlcistK0xFQURTKyUyODEyJTJGOCUyRjI0JTI5XHUwMDI2dXRtX21l=
ZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3R=
lcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZD=
I4IiwibGlua19pZCI6MjU1NDM1fQ/aca4941f0fbc3fb03664348c3d8ee769eeb2f7f3018bb8=
11ca8fa150c78e39b5" style=3D"font-family: 'Helvetica Neue', Helveti=
ca, Arial, sans-serif;font-weight: 400;text-decoration: underline;color: #0=
00000;" target=3D"_blank">FAQs
page</a> or <a class=3D"dm-text" href=3D"mail=
to:fritz@puck.news?utm_campaign=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&=
utm_content=3DWall+Power+-+LEADS+%2812%2F8%2F24%29&utm_medium=3Demail_a=
ction&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28" sty=
le=3D"font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif;f=
ont-weight: 400;text-decoration: underline;color: #000000;" target=3D"_blan=
k">contact
us</a> for assistance. For brand partnerships=
, email <a class=3D"dm-text" href=3D"mailto:ads@puck.news?utm_campaign=3DWa=
ll+Power+-+LEADS+%2812%2F8%2F24%29&utm_content=3DWall+Power+-+LEADS+%28=
12%2F8%2F24%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&a=
mp;utm_term=3Df6c60615e3d301d48d28" style=3D"font-family: 'Helvetica Ne=
ue', Helvetica, Arial, sans-serif;font-weight: 400;text-decoration: und=
erline;color: #000000;" target=3D"_blank">ads@puck.news</a>.</p>
</td>
</tr>
<tr>
<td align=3D"left" class=3D"dm-text" style=3D"padding-bottom: =
20px;padding-top: 0px;border-bottom: 1px solid #D9D9D9;">
<p style=3D"margin: 0; color: #000000; font-size: 12px; line-=
height: 18px; font-family: 'Helvetica Neue', Helvetica, Arial, sans=
-serif;font-weight: 400;">You received this email because you signed up to =
receive emails from Puck, or as part of your Puck account associated with e=
nzo@showfile.com. To stop receiving this newsletter and/or manage all your =
email preferences, <a class=3D"dm-text" href=3D"https://email.puck.news/e/c=
/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdUcUZjc0lXLWlINjBDSVc3SVpSST0iLC=
JocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdW5zdWJzY3JpYmUvP3N1YnNjcmlwdGlvbj13YWxsX=
3Bvd2VyXHUwMDI2ZW1haWw9ZW56b0BzaG93ZmlsZS5jb21cdTAwMjZkZWxpdmVyeV9pZD1kZ1Qy=
eGdZREFOU05LTk9OS0FHVHFGY3NJVy1pSDYwQ0lXN0laUkk9XHUwMDI2dXRtX2NhbXBhaWduPVd=
hbGwrUG93ZXIrLStMRUFEUyslMjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9jb250ZW50PVdhbG=
wrUG93ZXIrLStMRUFEUyslMjgxMiUyRjglMkYyNCUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfY=
WN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1=
ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQ=
iOjg0ODI1OX0/b3f9ba8254c8cebdfd4202e2f4ef9dd26fad0548997ac219df4a839ae64188=
c7" style=3D"font-family: 'Helvetica Neue', Helvetica, Arial, sans-=
serif;font-weight: 400;text-decoration: underline;color: #000000;" target=
=3D"_blank">click here</a>.</p>
</td>
</tr>
<tr>
<td align=3D"left" class=3D"dm-text" style=3D"padding-top: 20p=
x;">
<p style=3D"margin: 0; color: #000000; font-size: 12px; line-=
height: 18px; font-family: 'Helvetica Neue', Helvetica, Arial, sans=
-serif;font-weight: 400;">Puck is published by Heat Media LLC. 227 W 17th S=
t New York, NY 10011.</p>
</td>
</tr>
</tbody></table>
</td>
</tr>
</tbody></table>
</td>
</tr>
<!-- END OF FOOTER -->
</tbody></table>
<!-- END OF EMAIL CONTENT -->
</td>
</tr>
</tbody></table>
=20
<img src=3D"https://email.puck.news/e/o/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTkt=
OT05LQUdUcUZjc0lXLWlINjBDSVc3SVpSST0ifQ=3D=3D" style=3D"height: 1px !import=
ant; max-height: 1px !important; max-width: 1px !important; width: 1px !imp=
ortant; display: none !important;" alt=3D""/></body></html>
--dc28b473de66109512bc0d7617332739df3ff2fc6b69e716b4134cb0690c--