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From: "Marion Maneker" <marion@puck.news>
To: <enzo@showfile.com>
Subject: A $25M Picasso, Hong Kong Success & Lichtenstein Saves New York
Date: Wed, 8 Oct 2025 22:47:21 +0100
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Welcome back to the Wall Power Inner Circle, where we’re still waiting for 
an art market recovery. I’m Marion Maneker. Greetings from the single-track, 
two-way roads of the Isle of Skye. Tonight, I’ve got my read on the data 
from the midseason Hong Kong and New York sales, and I’ll do a little 
compare and contrast. In short, it looks like the folks in Asia have gotten 
the memo: Estimates have come down, and bidding is getting a little above 
par. Meanwhile, back in New York, it’s a tale of two markets, with 
continuing strong demand for Roy Lichtenstein material straight from the 
estate, alongside a tepid response for most of the rest of the offerings. 
Much more below the fold.  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ 
͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ 
͏  ͏  ͏  ͏  ͏  ͏ 
 ͏                                      
             





Oct 8, 2025












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 	Marion Maneker


Welcome back to the Wall Power Inner Circle, where we’re still waiting for 
an art market recovery. I’m Marion Maneker.

Greetings from the single-track, two-way roads of the Isle of Skye. Tonight, 
I’ve got my read on the data from the midseason Hong Kong and New York 
sales, and I’ll do a little compare and contrast. In short, it looks like 
the folks in Asia have gotten the memo: Estimates have come down, and 
bidding is getting a little above par. Meanwhile, back in New York, it’s a 
tale of two markets, with continuing strong demand for Roy Lichtenstein 
material straight from the estate, alongside a tepid response for most of 
the rest of the offerings. Much more below the fold.

But first…


*	Christie’s to sell $40 million worth of work from Stefan Edlis and Gael 
Neeson’s art collection: A decade ago, Stefan Edlis and his wife, Gael 
Neeson, made a major donation of 44 artworks, with a value of $400 million, 
to the Art Institute of Chicago. But that was hardly all of...




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A Tale of Two Cities: Lichtenstein, Picasso & The Pivot to Asia



Simultaneous late September auctions in Hong Kong and New York told two very 
different stories about the art market: Asia is showing signs of life, and 
rebalancing, while New York is still waiting for direction.




 	Marion Maneker




The first art market sales cycle of the fall semester happened to take place 
on the same weekend on opposite ends of the world. In Hong Kong, all three 
of the major auction houses held sales on the same weekend for the first 
time—an inaugural modern and contemporary conjunction heralding a new era 
for Asia’s art capital. The Asian market, after all, has been somewhat muted 
since Covid. But the $188 million generated during the last weekend of 
September signaled real signs of life in the special administrative region 
of China, which has been losing...




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Embark on a journey – literal, metaphorical, and undeniably poetic.



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OpenAI’s “Slop” Test



IAN KRIETZBERG




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A Disney-Dish Blood Feud



ERIQ GARDNER




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The Saudis’ $55B Fantasy



JULIA ALEXANDER








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back to the Wall Power Inner Circle, where we=E2=80=99re still waiting =
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back in New York, it=E2=80=99s a tale of two markets, with continuing =
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role=3D"presentation"><tbody><tr><td =
style=3D"vertical-align:middle;text-align:center;padding-top:0px;padding-=
bottom:0px;padding-left:0px;padding-right:0px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaeGNyanUxU0drdXR1NjdXV3cwQT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvYX=
V0aG9yL21hcmlvbi1tYW5la2VyLz91dG1fY2FtcGFpZ249SUMrRXhjbHVzaXZlK1dhbGwrUG9=
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c2l2ZStXYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTAlMkY4JTJGMjUlMjlcdTAwMjZ1dG1fbWVka=
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059c7bb83b5eca7d5cb2e" target=3D"_self" =
style=3D"text-decoration:none;"><img alt=3D"Marion Maneker" =
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href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaeGNyanUxU0drdXR1NjdXV3cwQT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvYX=
V0aG9yL21hcmlvbi1tYW5la2VyLz91dG1fY2FtcGFpZ249SUMrRXhjbHVzaXZlK1dhbGwrUG9=
3ZXIrLStMRUFEUyslMjgxMCUyRjglMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PUlDK0V4Y2x1=
c2l2ZStXYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTAlMkY4JTJGMjUlMjlcdTAwMjZ1dG1fbWVka=
XVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdG=
VybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDh=
kMjgiLCJsaW5rX2lkIjo4NDc4MTd9/35fd4119f39f71ada743cf8e68fd2039b82cecd7f30=
059c7bb83b5eca7d5cb2e" target=3D"_self" =
style=3D"color:#d40000;text-decoration:none;">Marion Maneker</a>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table class=3D"c4 oq" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td class=3D"r5" style=3D"padding-bottom:32px;"><div =
style=3D"color:#000000;direction:ltr;font-family:&#39;Inter&#39;,&#39;Ari=
al&#39;;font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p =
style=3D"margin:0;">Welcome back to the Wall Power Inner Circle, where =
we=E2=80=99re still waiting for an art
market recovery. I=E2=80=99m <strong>Marion =
Maneker</strong>.<br/><br/>Greetings from the single-track, two-way =
roads of the Isle of Skye. Tonight, I=E2=80=99ve got my read on the data =
from the midseason Hong Kong and New York sales, and I=E2=80=99ll do a =
little compare and contrast. In short, it looks like the folks in Asia =
have gotten the memo: Estimates have come down, and bidding is getting a =
little above par. Meanwhile, back in New York, it=E2=80=99s a tale of =
two markets, with continuing strong demand for <strong>Roy
Lichtenstein</strong> material straight from the estate, alongside a =
tepid response for most of the rest of the offerings. Much more below =
the fold.<br/><br/><em>But first=E2=80=A6</em></p></div>
</td></tr></tbody></table>
<table class=3D"q p" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
color:#000000;direction:ltr;font-family:&#39;Inter&#39;,&#39;Arial&#39;;f=
ont-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5;text-ali=
gn:left;mso-line-height-alt:26px;"><tbody><tr><td class=3D"r5" =
style=3D"padding-bottom:8px;"><div style=3D"margin-left:-20px"><ul =
start=3D"1" =
style=3D"margin-top:0;margin-bottom:0;list-style-type:revert;"><li =
style=3D"Margin:0 0 24px 0;"><em>Christie=E2=80=99s to sell $40 million =
worth of work from Stefan Edlis and Gael Neeson=E2=80=99s art =
collection</em>: A decade ago, <strong>Stefan Edlis </strong>and his =
wife, <strong>Gael Neeson</strong>, made a major donation of 44 =
artworks, with a value of $400 million, to the Art Institute of Chicago. =
But that was hardly all of...</li></ul></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
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cellspacing=3D"0" role=3D"presentation" =
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style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;border-bottom:1px solid #d40000;border-top:1px solid =
#d40000;padding-bottom:32px;padding-left:24px;padding-right:24px;padding-=
top:32px;
vertical-align:top;">
<table class=3D"c4 np" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td class=3D"r5" style=3D"padding-bottom:16px;"><div =
style=3D"color:#000000;direction:ltr;font-family:&#39;Inter&#39;,&#39;Ari=
al&#39;;font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.2=
;text-align:left;mso-line-height-alt:20px;"><p style=3D"margin:0;">A =
MESSAGE FROM OUR SPONSOR</p></div>
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cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
class=3D"r5" style=3D"padding-bottom:16px;width:100%;"><div class=3D"r" =
align=3D"center"><div style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaeGNyanUxU0drdXR1NjdXV3cwQT0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbG=
ljay5uZXQvZGRtL3RyYWNrY2xrL04yNTY3OTAxLjQyMzU4NjVQVUNLTkVXUy9CMzQwMTI2Nzc=
uNDI3MTM2NDYyO2RjX3Rya19haWQ9NjIwMjY4ODI1O2RjX3Rya19jaWQ9MjQwMzYyMDY3O2Rj=
X2xhdD07ZGNfcmRpZD07dGFnX2Zvcl9jaGlsZF9kaXJlY3RlZF90cmVhdG1lbnQ9O3RmdWE9O=
2dkcHI9JCU3QkdEUFIlN0Q7Z2Rwcl9jb25zZW50PSQlN0JHRFBSX0NPTlNFTlRfNzU1JTdEO2=
x0ZD07ZGNfdGR2PTE_dXRtX2NhbXBhaWduPUlDK0V4Y2x1c2l2ZStXYWxsK1Bvd2VyKy0rTEV=
BRFMrJTI4MTAlMkY4JTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1JQytFeGNsdXNpdmUrV2Fs=
bCtQb3dlcistK0xFQURTKyUyODEwJTJGOCUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpb=
F9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNj=
A2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGl=
ua19pZCI6MjM4NDM5NH0/920c50e3adde15b267e0a442bb293ca91bde2cc5d13954d56b1b=
4b9c9e615611" target=3D"_blank"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1756407603791_MO_25_LetsWrite_MKV3_600x400_US_01_01K3S0T8QEGNHA9MF85PPHK=
GFV.jpg" style=3D"display:block;height:auto;border:0;width:100%;" =
width=3D"552" alt=3D"Montblanc" title=3D"Montblanc" =
height=3D"auto"/></a></div></div>
</td></tr></tbody></table>
<table class=3D"j p n" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;mso-hide:all;display:n=
one;max-height:0;overflow:hidden;"><tbody><tr><td class=3D"r5" =
style=3D"padding-bottom:16px;width:100%;"><div class=3D"r" =
align=3D"center"><div style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaeGNyanUxU0drdXR1NjdXV3cwQT0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbG=
ljay5uZXQvZGRtL3RyYWNrY2xrL04yNTY3OTAxLjQyMzU4NjVQVUNLTkVXUy9CMzQwMTI2Nzc=
uNDI3MTM3Mjc1O2RjX3Rya19haWQ9NjIwMjY4ODI1O2RjX3Rya19jaWQ9MjQwMzYyMDY3O2Rj=
X2xhdD07ZGNfcmRpZD07dGFnX2Zvcl9jaGlsZF9kaXJlY3RlZF90cmVhdG1lbnQ9O3RmdWE9O=
2dkcHI9JCU3QkdEUFIlN0Q7Z2Rwcl9jb25zZW50PSQlN0JHRFBSX0NPTlNFTlRfNzU1JTdEO2=
x0ZD07ZGNfdGR2PTE_dXRtX2NhbXBhaWduPUlDK0V4Y2x1c2l2ZStXYWxsK1Bvd2VyKy0rTEV=
BRFMrJTI4MTAlMkY4JTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1JQytFeGNsdXNpdmUrV2Fs=
bCtQb3dlcistK0xFQURTKyUyODEwJTJGOCUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpb=
F9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNj=
A2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGl=
ua19pZCI6MjM4NDM5NX0/dcd2bb3785d540ab2f922c2903af9068144878c7db9919579e87=
3242b34da55d" target=3D"_blank"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1756407604295_MO_25_LetsWrite_MKV3_600x700_US_01_01K3S0T972RSEP2MGVMD8ZP=
3PZ.jpg" style=3D"display:block;height:auto;border:0;width:100%;" =
width=3D"552" alt=3D"Montblanc" title=3D"Montblanc" =
height=3D"auto"/></a></div></div>
</td></tr></tbody></table>
<table class=3D"c4" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td class=3D"r5"><div =
style=3D"color:#000000;direction:ltr;font-family:&#39;Inter&#39;,&#39;Ari=
al&#39;;font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.2=
;text-align:center;mso-line-height-alt:20px;"><p =
style=3D"margin:0;margin-bottom:0px;">Embark on a journey =E2=80=93 =
literal, metaphorical, and undeniably poetic.</p><p style=3D"margin:0;
margin-bottom:0px;">=C2=A0</p><p style=3D"margin:0;"><strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaeGNyanUxU0drdXR1NjdXV3cwQT0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbG=
ljay5uZXQvZGRtL3RyYWNrY2xrL04yNTY3OTAxLjQyMzU4NjVQVUNLTkVXUy9CMzQwMTI2Nzc=
uNDI3NTEzNzg1O2RjX3Rya19haWQ9NjIwMjY4ODI1O2RjX3Rya19jaWQ9MjQwMzYyMDY3O2Rj=
X2xhdD07ZGNfcmRpZD07dGFnX2Zvcl9jaGlsZF9kaXJlY3RlZF90cmVhdG1lbnQ9O3RmdWE9O=
2dkcHI9JCU3QkdEUFIlN0Q7Z2Rwcl9jb25zZW50PSQlN0JHRFBSX0NPTlNFTlRfNzU1JTdEO2=
x0ZD07ZGNfdGR2PTE_dXRtX2NhbXBhaWduPUlDK0V4Y2x1c2l2ZStXYWxsK1Bvd2VyKy0rTEV=
BRFMrJTI4MTAlMkY4JTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1JQytFeGNsdXNpdmUrV2Fs=
bCtQb3dlcistK0xFQURTKyUyODEwJTJGOCUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpb=
F9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNj=
A2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGl=
ua19pZCI6MjM4NDM5Nn0/1bb085631c5e3bc9d3040d674dffd437544cb031cf2b327d3ffd=
24d9577dff75" target=3D"_blank" =
style=3D"text-decoration:underline;color:#d40000;" =
rel=3D"noopener">Discover the new Montblanc =
collection.</a></strong></p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table class=3D"w" align=3D"center" width=3D"100%" border=3D"0" =
cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
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align:top;">
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cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td class=3D"r5" style=3D"padding-bottom:32px;"><div =
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al&#39;;font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
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<table class=3D"c ie" align=3D"center" border=3D"0" cellpadding=3D"0" =
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cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
class=3D"r5" style=3D"width:100%;"><div class=3D"r" =
align=3D"center"><div style=3D"max-width:600px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaeGNyanUxU0drdXR1NjdXV3cwQT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvZm=
FsbC1hcnQtYXVjdGlvbnMtaG9uZy1rb25nLXJlYm91bmRzLW5ldy15b3JrLXN0YWxscy8_dXR=
tX2NhbXBhaWduPUlDK0V4Y2x1c2l2ZStXYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTAlMkY4JTJG=
MjUlMjlcdTAwMjZ1dG1fY29udGVudD1JQytFeGNsdXNpdmUrV2FsbCtQb3dlcistK0xFQURTK=
yUyODEwJTJGOCUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG=
1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjg=
iLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjM4NDQwMX0/=
9ea6046c08fe01ba92641b86ca7b06e7f5231743914718bd493736c9b1ede407" =
target=3D"_blank"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
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style=3D"display:block;height:
auto;border:0;width:100%;" width=3D"600" alt=3D"A Tale of Two Cities: =
Lichtenstein, Picasso &amp; The Pivot to Asia" title=3D"A Tale of Two =
Cities: Lichtenstein, Picasso &amp; The Pivot to Asia" =
height=3D"auto"/></a></div></div>
</td></tr></tbody></table>
<table class=3D"j oq" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
class=3D"r5" =
style=3D"padding-bottom:8px;padding-left:24px;padding-right:24px;padding-=
top:24px;width:100%;"><div class=3D"r" align=3D"left"><div =
style=3D"max-width:142px;"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1735839782111_ice-badge_01JGM1T57TV42CK4RX9AZ2QJ1N.png" =
style=3D"display:block;height:auto;border:0;width:
100%;" width=3D"142" alt=3D"Inner Circle Exclusive" title=3D"Inner =
Circle Exclusive" height=3D"auto"/></div></div>
</td></tr></tbody></table>
<table class=3D"gq p" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
class=3D"r5" =
style=3D"padding-bottom:16px;padding-left:24px;padding-right:24px;text-al=
ign:center;width:100%;"><h1 =
style=3D"margin:0;color:#000000;direction:ltr;font-family:&#39;PuckSerifD=
isplay&#39;,&#39;Georgia&#39;;font-size:48px;font-weight:400;letter-spaci=
ng:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;ms=
o-line-height-alt:58px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaeGNyanUxU0drdXR1NjdXV3cwQT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvZm=
FsbC1hcnQtYXVjdGlvbnMtaG9uZy1rb25nLXJlYm91bmRzLW5ldy15b3JrLXN0YWxscy8_dXR=
tX2NhbXBhaWduPUlDK0V4Y2x1c2l2ZStXYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTAlMkY4JTJG=
MjUlMjlcdTAwMjZ1dG1fY29udGVudD1JQytFeGNsdXNpdmUrV2FsbCtQb3dlcistK0xFQURTK=
yUyODEwJTJGOCUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG=
1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjg=
iLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjM4NDQwMX0/=
9ea6046c08fe01ba92641b86ca7b06e7f5231743914718bd493736c9b1ede407" =
target=3D"_blank" style=3D"text-decoration:none;color:#d40000;" =
data-mce-attribute-name-1=3D"" data-mce-attribute-value-1=3D"" =
data-mce-attributes-count=3D"1" rel=3D"noopener"><span =
style=3D"word-break:break-word;position:relative;" =
data-position=3D"80-0-2" data-qa=3D"tinyeditor-root-element">A Tale of =
Two Cities: Lichtenstein, Picasso &amp; The Pivot to =
Asia</span></a></h1>
</td></tr></tbody></table>
<table class=3D"c4" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td class=3D"r5" =
style=3D"padding-left:24px;padding-right:24px;"><div =
style=3D"color:#000000;direction:ltr;font-family:&#39;Inter&#39;,&#39;Ari=
al&#39;;font-size:19px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:29px;"><p =
style=3D"margin:0;">Simultaneous late September auctions in Hong Kong =
and New York told
two very different stories about the art market: Asia is showing signs =
of life, and rebalancing, while New York is still waiting for =
direction.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
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cellspacing=3D"0" role=3D"presentation" =
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style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-bottom:8px solid transparent;border-left:24px solid =
transparent;border-radius:0;border-right:24px solid =
transparent;border-top:8px solid =
transparent;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:
left;border-bottom:1px solid #d40000;border-top:1px solid =
#d40000;vertical-align:top;border-radius:0px;">
<table class=3D"np" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;text-align:left;line-h=
eight:0;"><tbody><tr><td class=3D"r5" =
style=3D"vertical-align:middle;color:#d40000;font-family:&#39;PuckSerifDi=
splay&#39;,&#39;Georgia&#39;;font-size:20px;font-weight:400;padding-botto=
m:8px;padding-right:8px;padding-top:8px;text-align:left;">
<table class=3D"b" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;display:inline-block;p=
adding-left:0px;padding-right:0px;" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation"><tbody><tr><td =
style=3D"vertical-align:middle;text-align:center;padding-top:0px;padding-=
bottom:0px;padding-left:0px;padding-right:0px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaeGNyanUxU0drdXR1NjdXV3cwQT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvYX=
V0aG9yL21hcmlvbi1tYW5la2VyLz91dG1fY2FtcGFpZ249SUMrRXhjbHVzaXZlK1dhbGwrUG9=
3ZXIrLStMRUFEUyslMjgxMCUyRjglMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PUlDK0V4Y2x1=
c2l2ZStXYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTAlMkY4JTJGMjUlMjlcdTAwMjZ1dG1fbWVka=
XVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdG=
VybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDh=
kMjgiLCJsaW5rX2lkIjo4NDc4MTd9/35fd4119f39f71ada743cf8e68fd2039b82cecd7f30=
059c7bb83b5eca7d5cb2e" target=3D"_self" =
style=3D"text-decoration:none;"><img alt=3D"Marion Maneker" =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
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style=3D"display:block;height:auto;margin:0 auto;border:0;"/></a>
</td><td =
style=3D"font-family:&#39;PuckSerifDisplay&#39;,&#39;Georgia&#39;;font-si=
ze:20px;font-weight:400;color:#d40000;vertical-align:middle;letter-spacin=
g:undefined;text-align:left;line-height:normal;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaeGNyanUxU0drdXR1NjdXV3cwQT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvYX=
V0aG9yL21hcmlvbi1tYW5la2VyLz91dG1fY2FtcGFpZ249SUMrRXhjbHVzaXZlK1dhbGwrUG9=
3ZXIrLStMRUFEUyslMjgxMCUyRjglMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PUlDK0V4Y2x1=
c2l2ZStXYWxsK1Bvd2VyKy0rTEVBRFMrJTI4MTAlMkY4JTJGMjUlMjlcdTAwMjZ1dG1fbWVka=
XVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdG=
VybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDh=
kMjgiLCJsaW5rX2lkIjo4NDc4MTd9/35fd4119f39f71ada743cf8e68fd2039b82cecd7f30=
059c7bb83b5eca7d5cb2e" target=3D"_self" =
style=3D"color:#d40000;text-decoration:none;">Marion Maneker</a>
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</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c ie" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:16px;vertical-=
align:top;">
<table class=3D"c4 np" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td class=3D"r5" style=3D"padding-bottom:32px;"><div =
style=3D"color:#000000;direction:ltr;font-family:&#39;Inter&#39;,&#39;Ari=
al&#39;;font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p style=3D"margin:0;">The =
first art market sales cycle of the fall semester happened to take place =
on the
same weekend on opposite ends of the world. In Hong Kong, all three of =
the major auction houses held sales on the same weekend for the first =
time=E2=80=94an inaugural modern and contemporary conjunction heralding =
a new era for Asia=E2=80=99s art capital. The Asian market, after all, =
has been somewhat muted since Covid. But the $188 million generated =
during the last weekend of September signaled real signs of life in the =
special administrative region of China, which has been =
losing...</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table class=3D"n3" align=3D"center" width=3D"100%" border=3D"0" =
cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c ie" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;vertical-align:top;">
<table class=3D"g np" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
class=3D"r5" style=3D"padding-bottom:32px;text-align:center;"><div =
class=3D"r" align=3D"center"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaeGNyanUxU0drdXR1NjdXV3cwQT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvaW=
5uZXItY2lyY2xlLz91dG1fY2FtcGFpZ249SUMrRXhjbHVzaXZlK1dhbGwrUG93ZXIrLStMRUF=
EUyslMjgxMCUyRjglMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PUlDK0V4Y2x1c2l2ZStXYWxs=
K1Bvd2VyKy0rTEVBRFMrJTI4MTAlMkY4JTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX=
2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MD=
YxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5=
rX2lkIjoyMDcyMTY0fQ/949841827f80eb6fa9eb3f5b193c7846c43ea20003190033d9f1c=
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border-right:2px solid #d40000;border-top:2px solid =
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bottom:8px;padding-top:8px;padding-left:0px;padding-right:0px;text-align:=
center;width:60%;word-break:keep-all;letter-spacing:normal;"><span =
style=3D"word-break:break-word;line-height:28px;">JOIN THE INNER =
CIRCLE</span></span></a></div>
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<table class=3D"c ie" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
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ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;border-bottom:1px solid #d40000;border-top:1px solid =
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top:32px;
vertical-align:top;">
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"><tbody><tr><td class=3D"r5" style=3D"padding-bottom:16px;"><div =
style=3D"color:#000000;direction:ltr;font-family:&#39;Inter&#39;,&#39;Ari=
al&#39;;font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.2=
;text-align:left;mso-line-height-alt:20px;"><p style=3D"margin:0;">A =
MESSAGE FROM OUR SPONSOR</p></div>
</td></tr></tbody></table>
<table class=3D"j oq n5" width=3D"100%" border=3D"0" cellpadding=3D"0" =
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style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
class=3D"r5" style=3D"padding-bottom:16px;width:100%;"><div class=3D"r" =
align=3D"center"><div style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaeGNyanUxU0drdXR1NjdXV3cwQT0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbG=
ljay5uZXQvZGRtL3RyYWNrY2xrL04yNTY3OTAxLjQyMzU4NjVQVUNLTkVXUy9CMzQwMTI2Nzc=
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2dkcHI9JCU3QkdEUFIlN0Q7Z2Rwcl9jb25zZW50PSQlN0JHRFBSX0NPTlNFTlRfNzU1JTdEO2=
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F9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNj=
A2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGl=
ua19pZCI6MjM4NDM5NH0/920c50e3adde15b267e0a442bb293ca91bde2cc5d13954d56b1b=
4b9c9e615611" target=3D"_blank"><img =
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8V.jpg" style=3D"display:block;height:auto;border:0;width:100%;" =
width=3D"552" alt=3D"Montblanc" title=3D"Montblanc" =
height=3D"auto"/></a></div></div>
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style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;mso-hide:all;display:n=
one;max-height:0;overflow:hidden;"><tbody><tr><td class=3D"r5" =
style=3D"padding-bottom:16px;width:100%;"><div class=3D"r" =
align=3D"center"><div style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaeGNyanUxU0drdXR1NjdXV3cwQT0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbG=
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uNDI3MTM3Mjc1O2RjX3Rya19haWQ9NjIwMjY4ODI1O2RjX3Rya19jaWQ9MjQwMzYyMDY3O2Rj=
X2xhdD07ZGNfcmRpZD07dGFnX2Zvcl9jaGlsZF9kaXJlY3RlZF90cmVhdG1lbnQ9O3RmdWE9O=
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ua19pZCI6MjM4NDM5NX0/dcd2bb3785d540ab2f922c2903af9068144878c7db9919579e87=
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style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td class=3D"r5"><div =
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al&#39;;font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.2=
;text-align:center;mso-line-height-alt:20px;"><p =
style=3D"margin:0;margin-bottom:0px;">Embark on a journey =E2=80=93 =
literal, metaphorical, and undeniably poetic.</p><p style=3D"margin:0;
margin-bottom:0px;">=C2=A0</p><p style=3D"margin:0;"><strong><a =
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style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
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class=3D"r5" style=3D"padding-bottom:32px;width:100%;"><div class=3D"r" =
align=3D"center"><div style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaeGNyanUxU0drdXR1NjdXV3cwQT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvbm=
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vd2VyKy0rTEVBRFMrJTI4MTAlMkY4JTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1JQytFeGNs=
dXNpdmUrV2FsbCtQb3dlcistK0xFQURTKyUyODEwJTJGOCUyRjI1JTI5XHUwMDI2dXRtX21lZ=
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4ZDI4IiwibGlua19pZCI6NDI2MDQ1fQ/b8411e831a88bf93cbe63a6c7a9206f70ae5c4825=
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style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td class=3D"r5"><div =
style=3D"color:#000000;direction:ltr;font-family:&#39;Inter&#39;,&#39;Ari=
al&#39;;font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.2=
;text-align:left;mso-line-height-alt:20px;"><p style=3D"margin:0;">The =
ultimate fashion industry bible, offering incisive reportage on all =
aspects of the business and its biggest
players. Anchored by preeminent fashion journalist Lauren Sherman, Line =
Sheet also features veteran reporter Rachel Strugatz, who delivers =
unparalleled intel on what=E2=80=99s happening in the beauty industry, =
and Sarah Shapiro, a longtime retail strategist who writes about =
e-commerce, brick-and-mortar, D.T.C., and more.=C2=A0</p></div>
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align=3D"center"><div style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
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style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td class=3D"r5"><div =
style=3D"color:#000000;direction:ltr;font-family:&#39;Inter&#39;,&#39;Ari=
al&#39;;font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.2=
;text-align:left;mso-line-height-alt:20px;"><p =
style=3D"margin:0;">Finally, a media podcast about what=E2=80=99s =
<em>actually</em> happening in the media=E2=80=94not the oversanitized,
legal-and-standards-approved version you read online. Join Dylan Byers, =
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personalities, moguls, pundits, and industry executives for raw, honest, =
sometimes salacious conversations about the business of media and its =
biggest egos. New episodes publish every Tuesday and Friday.</p></div>
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style=3D"padding-bottom:8px;text-align:center;width:100%;"><h2 =
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isplay&#39;,&#39;Georgia&#39;;font-size:32px;font-weight:400;letter-spaci=
ng:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;ms=
o-line-height-alt:38px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdaeGNyanUxU0drdXR1NjdXV3cwQT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvY2=
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mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIzODI4OTZ9/48c632e247466864912=
c80e51bbd1a2c71a8ddcbfcab1fd624c175da0df4c7ed" target=3D"_blank" =
style=3D"text-decoration:none;color:#d40000;" =
data-mce-attribute-name-1=3D"" data-mce-attribute-value-1=3D"" =
data-mce-attributes-count=3D"1" rel=3D"noopener">OpenAI=E2=80=99s =
=E2=80=9CSlop=E2=80=9D Test</a></h2>
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<table class=3D"c4 oq" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td class=3D"r5"><div =
style=3D"color:#000;direction:ltr;font-family:&#39;Inter&#39;,&#39;Arial&=
#39;;font-size:14px;font-weight:700;letter-spacing:0px;line-height:1.2;te=
xt-align:left;mso-line-height-alt:17px;"><p style=3D"margin:0;">IAN =
KRIETZBERG</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table class=3D"t" align=3D"center" width=3D"100%" border=3D"0" =
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style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
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cellspacing=3D"0" role=3D"presentation" =
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width=3D"600"><tbody><tr><td class=3D"yq o" =
width=3D"41.666666666666664%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
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cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
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style=3D"width:100%;padding-right:0px;padding-left:0px;"><div =
class=3D"r" align=3D"center"><div class=3D"f" =
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style=3D"display:block;height:auto;border:0;width:100%;" width=3D"210" =
alt=3D"A Disney-Dish Blood Feud" title=3D"A Disney-Dish Blood Feud" =
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style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
class=3D"r5" =
style=3D"padding-bottom:8px;text-align:center;width:100%;"><h2 =
style=3D"margin:0;color:#000;direction:ltr;font-family:&#39;PuckSerifDisp=
lay&#39;,&#39;Georgia&#39;;font-size:32px;font-weight:400;letter-spacing:=
normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-l=
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href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
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style=3D"text-decoration:none;color:#d40000;" =
data-mce-attribute-name-1=3D"" data-mce-attribute-value-1=3D"" =
data-mce-attributes-count=3D"1" rel=3D"noopener"><span =
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style=3D"color:#000;direction:ltr;font-family:&#39;Inter&#39;,&#39;Arial&=
#39;;font-size:14px;font-weight:700;letter-spacing:0px;line-height:1.2;te=
xt-align:left;mso-line-height-alt:17px;"><p style=3D"margin:0;">ERIQ =
GARDNER</p></div>
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<table class=3D"u" align=3D"center" width=3D"100%" border=3D"0" =
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cellspacing=3D"0" role=3D"presentation" =
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style=3D"display:block;height:auto;border:0;width:100%;" width=3D"210" =
alt=3D"The Saudis=E2=80=99 $55B Fantasy" title=3D"The Saudis=E2=80=99 =
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style=3D"padding-bottom:8px;text-align:center;width:100%;"><h2 =
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ng:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;ms=
o-line-height-alt:38px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
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style=3D"color:#000;direction:ltr;font-family:&#39;Inter&#39;,&#39;Arial&=
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xt-align:left;mso-line-height-alt:17px;"><p style=3D"margin:0;">JULIA =
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