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Subject: What We Learned this Week (2344)
From: Artelligence <artelligence@substack.com>
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View this post on the web at https://artelligence.substack.com/p/what-we-le=
arned-this-week-2344
Welcome to Artelligence
This free Artelligence newsletter is published most Fridays throughout the =
year. Today it contains additional posts analyzing auction data provided by=
LiveArt and featuring our own reporting. Those items are for paid subscrib=
ers only.
If you were a paid subscriber to this newsletter in 2018 and are having tro=
uble re-subscribing, please contact us via the button below or simply reply=
to the email. There=E2=80=99s an easy fix on our end that will allow you t=
o sign up.
If you want to share some insights of your own, have suggestions for covera=
ge, a question you want us to poll our readers about, or simply want to ven=
t=E2=80=94feel free to =E2=80=A6
Subscriptions are $12 a month or $120 for a year. For organizations, we off=
er group discounts for 30% for each subscription of two or more [ https://s=
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In This Issue
A Note on Coverage for the Next Two Weeks: You=E2=80=99ll be getting more e=
mails from us during the next two weeks
Preview Video: We look at the top 10 lots at Sotheby=E2=80=99s next week
Vox Orbis Artis: How you see the November sales playing out?
For Paid Subscribers Only
Results: Sotheby=E2=80=99s Karpidas =3D $37m
Shop Talk: Alex Glauber and Jacob King share their views on the season
Sotheby=E2=80=99s November Preview: The top ten lots at Sotheby=E2=80=99s t=
his November
A Note on Coverage for the Next Two Weeks
It is auction season in New York. Starting on Tuesday, there will be daily =
emails with a mix of free and paid content. Tuesday is Christie=E2=80=99s 2=
1st Century Evening sale, we will have results and an after action report o=
n Wednesday morning. Wednesday is the Emily Fisher Landau Evening sale at S=
otheby=E2=80=99s, we=E2=80=99ll have results and an after action report on =
Thursday. Thursday is Christie=E2=80=99s 20th Century sale, we will have re=
sults and an after action report Friday morning.
The following week beginning November 11, Monday is Sotheby=E2=80=99s Moder=
n Evening sale, we will have results and an after action report on Tuesday;=
Tuesday is Phillips Evening sale, we will have results and an after action=
report on Wednesday; Wednesday is Sotheby=E2=80=99s The Now and Contempora=
ry Evening sale, we will have results and an after action report on Thursda=
y.=20
For paid subscribers, we=E2=80=99ll have a detailed analysis of the results=
on Tuesday of the next week when our regular publishing schedule should re=
sume.
Preview Video: Sotheby=E2=80=99s November Sales
Sotheby's $940 million November auction season is dominated by the estate o=
f Emily Fisher Landau which includes important works by Pablo Picasso, Mark=
Rothko, Cy Twombly, Jasper Johns, Ed Ruscha and others. There are also maj=
or works by Claude Monet, Jean-Michel Basquiat, Gerhard Richter, a second m=
ajor Picasso from 1932 and Joan Mitchell.
Vox Orbis Artis
The November auctions are finally here and there=E2=80=99s more high value =
art than might have been expected during such a wait-and-see season. As you=
browse the catalogs and attend the viewings this weekend, how do you see t=
his season playing out?
Results
Sotheby=E2=80=99s Hydra: The Karpidas Collection
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</style></head><body class=3D"email-body" style=3D"font-kerning: auto;"><im=
g src=3D"https://eotrx.substackcdn.com/open?token=3DeyJtIjoiPDIwMjMxMTAzMTY=
wMTIxLjMuZTJiOTM4ODliOWVkNGFkNUBtZy1kMC5zdWJzdGFjay5jb20-IiwidSI6MTMzMjY4Nj=
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lUKDIEnoPYKlHaD0" alt=3D"" width=3D"1" height=3D"1" border=3D"0" style=3D"h=
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0px;opacity:0;overflow:hidden;" class=3D"preview">Take our poll on the auct=
ion season + Sotheby's preview + Alex Glauber & Jacob King share their =
observations  ‌ ‌ ‌ ‌ R=
04; ‌ ‌ ‌ ‌ ‌ &=
#8204; ‌ ‌ ‌ ‌ ‌=
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 ‌ ‌ ‌ ‌ ‌ R=
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#8204; ‌ ‌ ‌ ‌ ‌=
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 ‌ ‌ ‌ ‌ ‌ R=
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8204; ‌ ‌ ‌ ‌ ‌ =
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160;‌ ‌ ‌ ‌ ‌</div><table=
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order: none !important; display: block; height: auto; margin: 0 auto; max-w=
idth: 550px; vertical-align: middle; width: 100%;"></a></td></tr></table><d=
iv dir=3D"auto" class=3D"post typography" style=3D"font-size: 16px; line-he=
ight: 26px; padding: 16px 0 0 0;"><div class=3D"post-header" style=3D"font-=
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"-moz-appearance: optimizelegibility; -moz-osx-font-smoothing: antialiased;=
-webkit-appearance: optimizelegibility; -webkit-font-smoothing: antialiase=
d; appearance: optimizelegibility; color: rgb(64, 64, 64); font-family: 'SF=
Compact Display', -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, H=
elvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe =
UI Symbol'; font-size: 32px; font-weight: bold; line-height: 36px; margin: =
0;"><a href=3D"https://substack.com/app-link/post?publication_id=3D2259&pos=
t_id=3D138548006&utm_source=3Dpost-email-title&utm_campaign=3Demail-post-ti=
tle&isFreemail=3Dtrue&r=3D27cer9&token=3DeyJ1c2VyX2lkIjoxMzMyNjg2NjEsInBvc3=
RfaWQiOjEzODU0ODAwNiwiaWF0IjoxNjk5MDI3NTc2LCJleHAiOjE3MDE2MTk1NzYsImlzcyI6I=
nB1Yi0yMjU5Iiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.xWx3lvQhBf8mzf_hy66RjSsBRGjlZEG=
YwnFz0F57gv4" style=3D"color: rgb(64, 64, 64); text-decoration: none;">What=
We Learned this Week (2344)</a></h1><h3 class=3D"subtitle" style=3D"-moz-a=
ppearance: optimizelegibility; -moz-osx-font-smoothing: antialiased; -webki=
t-appearance: optimizelegibility; -webkit-font-smoothing: antialiased; appe=
arance: optimizelegibility; color: #808080; font-family: 'SF Compact Displa=
y', -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial=
, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; fon=
t-size: 18px; font-weight: normal; line-height: 24px; margin: 4px 0 0; marg=
in-top: 12px;">Take our poll on the auction season + Sotheby's preview + Al=
ex Glauber & Jacob King share their observations</h3><table role=3D"pre=
sentation" width=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" =
class=3D"post-meta" style=3D"align-items: center; height: 20px; margin: 1em=
0;"><tr><td><table role=3D"presentation" width=3D"auto" border=3D"0" cells=
pacing=3D"0" cellpadding=3D"0"><tr><td><table role=3D"presentation" width=
=3D"auto" border=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tr><td style=3D=
"vertical-align: middle;"><div class=3D"pencraft frontend-pencraft-Box-modu=
le__reset--VfQY8 frontend-pencraft-Text-module__size-11--k1e8b frontend-pen=
craft-Text-module__line-height-20--p0dP8 frontend-pencraft-Text-module__wei=
ght-medium--x7khA frontend-pencraft-Text-module__font-meta--U_nxy frontend-=
pencraft-Text-module__color-primary--ud4Z0 frontend-pencraft-Text-module__t=
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end-pencraft-Text-module__meta--jzHdd custom-css-email-post-author" style=
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e-system, -system-ui, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Ar=
ial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; =
font-size: 11px; font-weight: 500; letter-spacing: .2px; line-height: 20px;=
margin: 0; text-decoration: unset; text-transform: uppercase;"><a style=3D=
"color: rgb(64, 64, 64); font-family: 'SF Compact', -apple-system, -apple-s=
ystem, -system-ui, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial=
, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; fon=
t-size: 11px; font-weight: 500; letter-spacing: .2px; line-height: 20px; ma=
rgin: 0; text-decoration: none; text-transform: uppercase;" href=3D"https:/=
/substack.com/@artelligence" class=3D"pencraft frontend-pencraft-Box-module=
__reset--VfQY8 frontend-pencraft-Text-module__size-11--k1e8b frontend-pencr=
aft-Text-module__line-height-20--p0dP8 frontend-pencraft-Text-module__weigh=
t-medium--x7khA frontend-pencraft-Text-module__font-meta--U_nxy frontend-pe=
ncraft-Text-module__color-primary--ud4Z0 frontend-pencraft-Text-module__tra=
nsform-uppercase--IDkUL frontend-pencraft-Text-module__reset--dW0zZ fronten=
d-pencraft-Text-module__meta--jzHdd">Marion Maneker</a></div></td></tr></ta=
ble></td></tr><tr><td><table role=3D"presentation" width=3D"auto" border=3D=
"0" cellspacing=3D"0" cellpadding=3D"0"><tr><td style=3D"vertical-align: mi=
ddle;"><div class=3D"pencraft frontend-pencraft-Box-module__reset--VfQY8 fr=
ontend-pencraft-Text-module__size-11--k1e8b frontend-pencraft-Text-module__=
line-height-20--p0dP8 frontend-pencraft-Text-module__weight-medium--x7khA f=
rontend-pencraft-Text-module__font-meta--U_nxy frontend-pencraft-Text-modul=
e__color-secondary--WRADg frontend-pencraft-Text-module__transform-uppercas=
e--IDkUL frontend-pencraft-Text-module__reset--dW0zZ frontend-pencraft-Text=
-module__meta--jzHdd" style=3D"color: rgb(128, 128, 128); font-family: 'SF =
Compact', -apple-system, -apple-system, -system-ui, BlinkMacSystemFont, 'Se=
goe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe =
UI Emoji', 'Segoe UI Symbol'; font-size: 11px; font-weight: 500; letter-spa=
cing: .2px; line-height: 20px; margin: 0; text-decoration: unset; text-tran=
sform: uppercase;"><time dateTime=3D"2023-11-03T16:05:57.838Z">Nov 3</time>=
</div></td><td width=3D"4" style=3D"min-width: 4px"></td><td style=3D"verti=
cal-align: middle;"><table role=3D"presentation" width=3D"auto" border=3D"0=
" cellspacing=3D"0" cellpadding=3D"0"><tr><td style=3D"vertical-align: midd=
le;"><div class=3D"pencraft frontend-pencraft-Box-module__reset--VfQY8 fron=
tend-pencraft-Text-module__size-11--k1e8b frontend-pencraft-Text-module__li=
ne-height-20--p0dP8 frontend-pencraft-Text-module__weight-medium--x7khA fro=
ntend-pencraft-Text-module__font-meta--U_nxy frontend-pencraft-Text-module_=
_color-secondary--WRADg frontend-pencraft-Text-module__transform-uppercase-=
-IDkUL frontend-pencraft-Text-module__reset--dW0zZ frontend-pencraft-Text-m=
odule__meta--jzHdd" style=3D"color: rgb(128, 128, 128); font-family: 'SF Co=
mpact', -apple-system, -apple-system, -system-ui, BlinkMacSystemFont, 'Sego=
e UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI=
Emoji', 'Segoe UI Symbol'; font-size: 11px; font-weight: 500; letter-spaci=
ng: .2px; line-height: 20px; margin: 0; text-decoration: unset; text-transf=
orm: uppercase;">∙</div></td><td width=3D"4" style=3D"min-width: 4px"=
></td><td style=3D"vertical-align: middle;"><div class=3D"pencraft frontend=
-pencraft-Box-module__reset--VfQY8 frontend-pencraft-Text-module__size-11--=
k1e8b frontend-pencraft-Text-module__line-height-20--p0dP8 frontend-pencraf=
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t-decoration: unset; text-transform: uppercase;">Preview</div></td></tr></t=
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<hr style=3D"background: #e0e0e0; border: none; height: 1px; margin: 32px 0=
; padding: 0;"></div><h2 class=3D"header-with-anchor-widget" style=3D"-moz-=
appearance: optimizelegibility; -moz-osx-font-smoothing: antialiased; -webk=
it-appearance: optimizelegibility; -webkit-font-smoothing: antialiased; app=
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ct Display', -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helveti=
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bol'; font-size: 1.625em; font-weight: bold; line-height: 1.16em; margin: 1=
em 0 0.625em 0; position: relative;">In This Issue</h2><ol style=3D"margin-=
top: 0; padding: 0;"><li style=3D"margin: 8px 0 0 32px;"><p style=3D"box-si=
zing: border-box; color: rgb(64, 64, 64); font-size: 16px; line-height: 26p=
x; margin: 0; margin-bottom: 0; padding-left: 4px;"><strong>A Note on Cover=
age for the Next Two Weeks</strong><span>: You’ll be getting more ema=
ils from us during the next two weeks</span></p></li><li style=3D"margin: 8=
px 0 0 32px;"><p style=3D"box-sizing: border-box; color: rgb(64, 64, 64); f=
ont-size: 16px; line-height: 26px; margin: 0; margin-bottom: 0; padding-lef=
t: 4px;"><strong>Preview Video:</strong><span> We look at the top 10 lots a=
t Sotheby’s next week</span></p></li><li style=3D"margin: 8px 0 0 32p=
x;"><p style=3D"box-sizing: border-box; color: rgb(64, 64, 64); font-size: =
16px; line-height: 26px; margin: 0; margin-bottom: 0; padding-left: 4px;"><=
strong>Vox Orbis Artis: </strong><span>How you see the November sales playi=
ng out?</span></p></li></ol><p style=3D"color: rgb(64, 64, 64); font-size: =
16px; line-height: 26px; margin: 0 0 20px 0;"><strong>For Paid Subscribers =
Only</strong></p><ol style=3D"margin-top: 0; padding: 0;"><li style=3D"marg=
in: 8px 0 0 32px;"><p style=3D"box-sizing: border-box; color: rgb(64, 64, 6=
4); font-size: 16px; line-height: 26px; margin: 0; margin-bottom: 0; paddin=
g-left: 4px;"><strong>Results: </strong><span>Sotheby’s Karpidas =3D =
$37m</span></p></li><li style=3D"margin: 8px 0 0 32px;"><p style=3D"box-siz=
ing: border-box; color: rgb(64, 64, 64); font-size: 16px; line-height: 26px=
; margin: 0; margin-bottom: 0; padding-left: 4px;"><strong>Shop Talk: </str=
ong><span>Alex Glauber and Jacob King share their views on the season</span=
></p></li><li style=3D"margin: 8px 0 0 32px;"><p style=3D"box-sizing: borde=
r-box; color: rgb(64, 64, 64); font-size: 16px; line-height: 26px; margin: =
0; margin-bottom: 0; padding-left: 4px;"><strong>Sotheby’s November P=
review: </strong><span>The top ten lots at Sotheby’s this November</s=
pan></p></li></ol><div style=3D"font-size: 16px; line-height: 26px;"><hr st=
yle=3D"background: #e0e0e0; border: none; height: 1px; margin: 32px 0; padd=
ing: 0;"></div><h2 class=3D"header-with-anchor-widget" style=3D"-moz-appear=
ance: optimizelegibility; -moz-osx-font-smoothing: antialiased; -webkit-app=
earance: optimizelegibility; -webkit-font-smoothing: antialiased; appearanc=
e: optimizelegibility; color: rgb(64, 64, 64); font-family: 'SF Compact Dis=
play', -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Ar=
ial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; =
font-size: 1.625em; font-weight: bold; line-height: 1.16em; margin: 1em 0 0=
=2E625em 0; position: relative;">A Note=
on Coverage for the Next Two Weeks</h=
2><p style=3D"color: rgb(64, 64, 64); font-size: 16px; line-height: 26px; m=
argin: 0 0 20px 0;"><span>It is auction season in New York. Starting on Tue=
sday, there will be daily emails with a mix of free and paid content. </spa=
n><strong>Tuesday</strong><span> is </span><strong>Christie’s 21st Ce=
ntury Evening sale</strong><span>, we will have results and an after action=
report on Wednesday morning. </span><strong>Wednesday</strong><span> is th=
e </span><strong>Emily Fisher Landau Evening sale</strong><span> at Sotheby=
’s, we’ll have results and an after action report on Thursday. =
</span><strong>Thursday</strong><span> is </span><strong>Christie’s 2=
0th Century sale</strong><span>, we will have results and an after action r=
eport Friday morning.</span></p><p style=3D"color: rgb(64, 64, 64); font-si=
ze: 16px; line-height: 26px; margin: 0 0 20px 0;"><span>The following week =
beginning November 11, </span><strong>Monday</strong><span> is </span><stro=
ng>Sotheby’s Modern Evening sale</strong><span>, we will have results=
and an after action report on Tuesday; </span><strong>Tuesday</strong><spa=
n> is </span><strong>Phillips Evening sale</strong><span>, we will have res=
ults and an after action report on Wednesday; </span><strong>Wednesday</str=
ong><span> is </span><strong>Sotheby’s The Now</strong><span> and </s=
pan><strong>Contemporary Evening sale</strong><span>, we will have results =
and an after action report on Thursday. </span></p><p style=3D"color: rgb(6=
4, 64, 64); font-size: 16px; line-height: 26px; margin: 0 0 20px 0;">For pa=
id subscribers, we’ll have a detailed analysis of the results on Tues=
day of the next week when our regular publishing schedule should resume.</p=
><div style=3D"font-size: 16px; line-height: 26px;"><hr style=3D"background=
: #e0e0e0; border: none; height: 1px; margin: 32px 0; padding: 0;"></div><h=
2 class=3D"header-with-anchor-widget" style=3D"-moz-appearance: optimizeleg=
ibility; -moz-osx-font-smoothing: antialiased; -webkit-appearance: optimize=
legibility; -webkit-font-smoothing: antialiased; appearance: optimizelegibi=
lity; color: rgb(64, 64, 64); font-family: 'SF Compact Display', -apple-sys=
tem, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, =
'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 1.625e=
m; font-weight: bold; line-height: 1.16em; margin: 1em 0 0.625em 0; positio=
n: relative;">Preview Video: Sotheby’s November Sales</h2><a href=3D"=
https://substack.com/redirect/0ee3ccc6-b07d-4bef-9e8a-5756533a7e64?j=3DeyJ1=
IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" target=3D"_bla=
nk" class=3D"youtube-wrap" data-component-name=3D"Youtube2ToDOMStatic" styl=
e=3D"display: block; margin: 1.6em 0;"><img src=3D"https://substackcdn.com/=
image/youtube/w_550,c_limit/l_youtube_play_qyqt8q,w_120/pBXjwPvdS-U" style=
=3D"-ms-interpolation-mode: bicubic; border: none !important; display: bloc=
k; height: auto; margin: 0 auto; max-width: 100%; vertical-align: middle; w=
idth: 100%;"></a><p style=3D"color: rgb(64, 64, 64); font-size: 16px; line-=
height: 26px; margin: 0 0 20px 0;">Sotheby's $940 million November auction =
season is dominated by the estate of Emily Fisher Landau which includes imp=
ortant works by Pablo Picasso, Mark Rothko, Cy Twombly, Jasper Johns, Ed Ru=
scha and others. There are also major works by Claude Monet, Jean-Michel Ba=
squiat, Gerhard Richter, a second major Picasso from 1932 and Joan Mitchell=
=2E</p><div style=3D"font-size: 16px; l=
ine-height: 26px;"><hr style=3D"backgr=
ound: #e0e0e0; border: none; height: 1px; margin: 32px 0; padding: 0;"></di=
v><h2 class=3D"header-with-anchor-widget" style=3D"-moz-appearance: optimiz=
elegibility; -moz-osx-font-smoothing: antialiased; -webkit-appearance: opti=
mizelegibility; -webkit-font-smoothing: antialiased; appearance: optimizele=
gibility; color: rgb(64, 64, 64); font-family: 'SF Compact Display', -apple=
-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-ser=
if, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 1.=
625em; font-weight: bold; line-height: 1.16em; margin: 1em 0 0.625em 0; pos=
ition: relative;">Vox Orbis Artis</h2><p style=3D"color: rgb(64, 64, 64); f=
ont-size: 16px; line-height: 26px; margin: 0 0 20px 0;">The November auctio=
ns are finally here and there’s more high value art than might have b=
een expected during such a wait-and-see season. As you browse the catalogs =
and attend the viewings this weekend, how do you see this season playing ou=
t?</p><table cellSpacing=3D"16px" width=3D"100%" class=3D"poll-embed poll-e=
mail" style=3D"margin: 32px auto; max-width: 600px;"><tbody><tr><td align=
=3D"center"><table role=3D"presentation" width=3D"auto" border=3D"0" cellsp=
acing=3D"0" cellpadding=3D"0" data-component-name=3D"StaticPoll" class=3D"p=
oll-email-wrapper" style=3D"border: 1px solid rgba(0, 0, 0, .13); border-ra=
dius: 12px; color: rgb(64, 64, 64); font-family: -apple-system, -system-ui,=
BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'App=
le Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; padding: 16px 16px 8p=
x; width: 100%;"><tr><td><table role=3D"presentation" width=3D"100%" border=
=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tr><td class=3D"poll-header" st=
yle=3D"color: rgb(128, 128, 128); font-size: 12px; font-weight: 500; line-h=
eight: 20px; margin-bottom: 4px; padding: 0;">POLL</td></tr><tr width=3D"10=
0%" class=3D"poll-question" style=3D"color: rgb(64, 64, 64); font-family: '=
SF Pro Display', -apple-system-headline, -apple-system, -system-ui, BlinkMa=
cSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color=
Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 20px; font-weight:=
700; line-height: 32px; margin-bottom: 8px; vertical-align: top;"><td>How =
do you feel about the market after seeing the auction catalogs?</td></tr><t=
r><td><table role=3D"presentation" width=3D"100%" border=3D"0" cellspacing=
=3D"0" cellpadding=3D"0" class=3D"poll-options" style=3D"border-spacing: 0 =
12px;"><tr><td width=3D"100%" class=3D"poll-option"><a href=3D"https://subs=
tack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9hcnRlbGxpZ2VuY2Uuc3Vic3RhY2suY29tL2F=
waS92MS9wb2xsL3ZvdGUvZW1haWw_dG9rZW49ZXlKMWMyVnlYMmxrSWpveE16TXlOamcyTmpFc0=
luQnZjM1JmYVdRaU9qRXpPRFUwT0RBd05pd2ljRzlzYkY5cFpDSTZNVEUyTlRVekxDSndiMnhzW=
DI5d2RHbHZibDlwWkNJNk16YzFOalk0TENKcFlYUWlPakUyT1Rrd01qYzFOellzSW1WNGNDSTZN=
VGN3TVRZeE9UVTNOaXdpYVhOeklqb2ljSFZpTFRJeU5Ua2lMQ0p6ZFdJaU9pSndiMnhzTFhadmR=
HVWlmUS5jYUozVXB3OWdtZEtsMjV6RHFGRUFOWFlhWnFlRWVUQmNReUktbWlFelVBIiwicCI6MT=
M4NTQ4MDA2LCJzIjoyMjU5LCJmIjp0cnVlLCJ1IjoxMzMyNjg2NjEsImlhdCI6MTY5OTAyNzU3N=
iwiZXhwIjoxNzAxNjE5NTc2LCJpc3MiOiJwdWItMCIsInN1YiI6ImxpbmstcmVkaXJlY3QifQ.l=
5Bdm3b1oz1ThXVFMIDbZWBCE--4JNkJBLCYhzQUBpM?" width=3D"100%" class=3D"poll-v=
ote-link" style=3D"background-color: rgb(238, 238, 238); border: 1px solid =
rgba(0, 0, 0, .13); border-radius: 6px; color: rgb(128, 128, 128); display:=
block; height: 100%; padding: 10px 0; text-align: center; text-decoration:=
none; width: 100%;"><div class=3D"poll-vote-contents" style=3D"color: rgb(=
64, 64, 64); display: block; font-size: 14px; font-weight: 600; height: 100=
%; line-height: 20px; width: 100%;">Plenty of money is out there …</d=
iv></a></td></tr><tr><td width=3D"100%" class=3D"poll-option"><a href=3D"ht=
tps://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9hcnRlbGxpZ2VuY2Uuc3Vic3RhY=
2suY29tL2FwaS92MS9wb2xsL3ZvdGUvZW1haWw_dG9rZW49ZXlKMWMyVnlYMmxrSWpveE16TXlO=
amcyTmpFc0luQnZjM1JmYVdRaU9qRXpPRFUwT0RBd05pd2ljRzlzYkY5cFpDSTZNVEUyTlRVekx=
DSndiMnhzWDI5d2RHbHZibDlwWkNJNk16YzFOalk1TENKcFlYUWlPakUyT1Rrd01qYzFOellzSW=
1WNGNDSTZNVGN3TVRZeE9UVTNOaXdpYVhOeklqb2ljSFZpTFRJeU5Ua2lMQ0p6ZFdJaU9pSndiM=
nhzTFhadmRHVWlmUS5Rclp0YWd3N2xhMV9fRUwwQVMzaXZ5TGdsTG10SlFZMkw0a29RMFNqZDlr=
IiwicCI6MTM4NTQ4MDA2LCJzIjoyMjU5LCJmIjp0cnVlLCJ1IjoxMzMyNjg2NjEsImlhdCI6MTY=
5OTAyNzU3NiwiZXhwIjoxNzAxNjE5NTc2LCJpc3MiOiJwdWItMCIsInN1YiI6ImxpbmstcmVkaX=
JlY3QifQ.Z6HyuDcVU_DJkQGskBl77a6z7Sb5IHRko-IuJhmWOyU?" width=3D"100%" class=
=3D"poll-vote-link" style=3D"background-color: rgb(238, 238, 238); border: =
1px solid rgba(0, 0, 0, .13); border-radius: 6px; color: rgb(128, 128, 128)=
; display: block; height: 100%; padding: 10px 0; text-align: center; text-d=
ecoration: none; width: 100%;"><div class=3D"poll-vote-contents" style=3D"c=
olor: rgb(64, 64, 64); display: block; font-size: 14px; font-weight: 600; h=
eight: 100%; line-height: 20px; width: 100%;">Good things will do well, but=
…</div></a></td></tr><tr><td width=3D"100%" class=3D"poll-option"><a=
href=3D"https://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9hcnRlbGxpZ2VuY2=
Uuc3Vic3RhY2suY29tL2FwaS92MS9wb2xsL3ZvdGUvZW1haWw_dG9rZW49ZXlKMWMyVnlYMmxrS=
WpveE16TXlOamcyTmpFc0luQnZjM1JmYVdRaU9qRXpPRFUwT0RBd05pd2ljRzlzYkY5cFpDSTZN=
VEUyTlRVekxDSndiMnhzWDI5d2RHbHZibDlwWkNJNk16YzFOamN3TENKcFlYUWlPakUyT1Rrd01=
qYzFOellzSW1WNGNDSTZNVGN3TVRZeE9UVTNOaXdpYVhOeklqb2ljSFZpTFRJeU5Ua2lMQ0p6ZF=
dJaU9pSndiMnhzTFhadmRHVWlmUS5QZVJscms3WXlYX2hxNWdMcFozMDRTeG9udTNOcG01WG9le=
ks0STdmbU1FIiwicCI6MTM4NTQ4MDA2LCJzIjoyMjU5LCJmIjp0cnVlLCJ1IjoxMzMyNjg2NjEs=
ImlhdCI6MTY5OTAyNzU3NiwiZXhwIjoxNzAxNjE5NTc2LCJpc3MiOiJwdWItMCIsInN1YiI6Imx=
pbmstcmVkaXJlY3QifQ.ahMUjxd67is3VcQHbj8PXwxyONOQ-3x3VmrSa5yh5PY?" width=3D"=
100%" class=3D"poll-vote-link" style=3D"background-color: rgb(238, 238, 238=
); border: 1px solid rgba(0, 0, 0, .13); border-radius: 6px; color: rgb(128=
, 128, 128); display: block; height: 100%; padding: 10px 0; text-align: cen=
ter; text-decoration: none; width: 100%;"><div class=3D"poll-vote-contents"=
style=3D"color: rgb(64, 64, 64); display: block; font-size: 14px; font-wei=
ght: 600; height: 100%; line-height: 20px; width: 100%;">It's all over but =
the crying …</div></a></td></tr></table></td></tr></table></td></tr><=
/table></td></tr></tbody></table><div style=3D"font-size: 16px; line-height=
: 26px;"><hr style=3D"background: #e0e0e0; border: none; height: 1px; margi=
n: 32px 0; padding: 0;"></div><h2 class=3D"header-with-anchor-widget" style=
=3D"-moz-appearance: optimizelegibility; -moz-osx-font-smoothing: antialias=
ed; -webkit-appearance: optimizelegibility; -webkit-font-smoothing: antiali=
ased; appearance: optimizelegibility; color: rgb(64, 64, 64); font-family: =
'SF Compact Display', -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto=
, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Seg=
oe UI Symbol'; font-size: 1.625em; font-weight: bold; line-height: 1.16em; =
margin: 1em 0 0.625em 0; position: relative;">Results</h2><h4 class=3D"head=
er-with-anchor-widget" style=3D"-moz-appearance: optimizelegibility; -moz-o=
sx-font-smoothing: antialiased; -webkit-appearance: optimizelegibility; -we=
bkit-font-smoothing: antialiased; appearance: optimizelegibility; color: rg=
b(64, 64, 64); font-family: 'SF Compact Display', -apple-system, BlinkMacSy=
stemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Em=
oji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 1.125em; font-weight:=
bold; line-height: 1.16em; margin: 1em 0 0.625em 0; position: relative;">S=
otheby’s Hydra: The Karpidas Collection </h4><div class=3D"captioned-=
image-container-static" style=3D"font-size: 16px; line-height: 26px; margin=
: 32px auto;"><figure style=3D"margin: 0 auto; width: 100%;"><table class=
=3D"image-wrapper" width=3D"100%" border=3D"0" cellspacing=3D"0" cellpaddin=
g=3D"0" data-component-name=3D"Image2ToDOMStatic" style=3D"mso-padding-alt:=
1em 0 1.6em;"><tbody><tr><td style=3D"text-align: center;"></td><td align=
=3D"left" class=3D"content" width=3D"384" style=3D"text-align: center;"><a =
class=3D"image-link" target=3D"_blank" href=3D"https://substack.com/redirec=
t/c8d69185-3458-41ed-8fb2-196b930ca6ee?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0j=
QmMpisrMe5iRnigHXx6Fx_g6pp7gWdY" rel style=3D"align-items: center; border: =
none; display: block; flex-direction: column; height: auto; margin: 0; padd=
ing: 0; position: relative; text-decoration: none; width: auto;"><img data-=
attrs=3D"{"src":"https://substack-post-media.s3.amazonaws.co=
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uot;:null,"height":1024,"width":1024,"resizeWidth&=
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ull,"type":"image/png","href":null,"belo=
wTheFold":true,"topImage":false,"internalRedirect"=
:null}" alt width=3D"384" height=3D"384" class src=3D"https://substackcdn.c=
om/image/fetch/w_384,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%=
3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F12dcb8d5-8=
9ea-46c4-8cc1-61348598da80_1024x1024.png" style=3D"-ms-interpolation-mode: =
bicubic; border: none !important; display: block; height: auto; margin: 0 a=
uto; margin-bottom: 0; max-width: 100% !important; vertical-align: middle; =
width: auto !important;"></a></td><td style=3D"text-align: center;"></td></=
tr></tbody></table></figure></div><p style=3D"color: rgb(64, 64, 64); font-=
size: 16px; line-height: 26px; margin: 0 0 20px 0; margin-bottom: 0;"></p><=
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px; font-weight: 600; line-height: 1.16em; margin: 1em 0 0.625em 0; margin-=
bottom: 26px;">A subscription gets you:</h3><table><tr style=3D"height: 28.=
8px;"><td class=3D"check" style=3D"color: #4c3; font-weight: light; padding=
-right: 4px;"><img src=3D"https://substackcdn.com/image/fetch/w_32,c_scale,=
f_png,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Ficon%2F=
SimpleCheckmarkIcon%3Fv%3D4%26height%3D32%26fill%3D%2523187F22%26stroke%3D%=
2523187F22%26strokeWidth%3D3.6" width=3D"16" height=3D"16" style=3D"border:=
none !important; max-width: 16px; vertical-align: middle;" alt></td><td st=
yle=3D"font-weight: light;">Detailed, Data-Driven Auction Analysis</td></tr=
><tr style=3D"height: 28.8px;"><td class=3D"check" style=3D"color: #4c3; fo=
nt-weight: light; padding-right: 4px;"><img src=3D"https://substackcdn.com/=
image/fetch/w_32,c_scale,f_png,q_auto:good,fl_progressive:steep/https%3A%2F=
%2Fsubstack.com%2Ficon%2FSimpleCheckmarkIcon%3Fv%3D4%26height%3D32%26fill%3=
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t=3D"16" style=3D"border: none !important; max-width: 16px; vertical-align:=
middle;" alt></td><td style=3D"font-weight: light;">Exclusive art market i=
nsights and reporting</td></tr><tr style=3D"height: 28.8px;"><td class=3D"c=
heck" style=3D"color: #4c3; font-weight: light; padding-right: 4px;"><img s=
rc=3D"https://substackcdn.com/image/fetch/w_32,c_scale,f_png,q_auto:good,fl=
_progressive:steep/https%3A%2F%2Fsubstack.com%2Ficon%2FSimpleCheckmarkIcon%=
3Fv%3D4%26height%3D32%26fill%3D%2523187F22%26stroke%3D%2523187F22%26strokeW=
idth%3D3.6" width=3D"16" height=3D"16" style=3D"border: none !important; ma=
x-width: 16px; vertical-align: middle;" alt></td><td style=3D"font-weight: =
light;">Full archive</td></tr></table></div><table role=3D"presentation" wi=
dth=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" class=3D"emai=
l-ufi-2-bottom" style=3D"border-bottom: 1px solid rgba(0, 0, 0, .13); borde=
r-top: 1px solid rgba(0, 0, 0, .13); min-width: 100%;"><tr height=3D"16"><t=
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