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Welcome back to Wall Power. I’m Marion Maneker and this is our
exclusive Inner Circle edition. Still haven’t upgraded? Fix that here or email Fritz@puck.news for a group rate. You can afford it, but can you afford to live without it? (Unlikely…)

Clare McAndrew’s annual art market report has become the only consistent barometer of the industry’s waxing and waning health. This year, of course, the news wasn’t so good. As I
wrote last week, the report suggested some democratization in the art market, with fewer major transactions but more buyers at relatively inexpensive price points. McAndrew’s
report also sketched out a portrait of what it is like to run an art gallery in 2025, which is my focus tonight.

But first…

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’s 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. 

Finally, a media podcast about what’s actually happening in the media—not the oversanitized,
legal-and-standards-approved version you read online. Join Dylan Byers, Puck’s veteran media reporter, as he sits down with TV personalities, moguls, pundits, and industry executives for raw, honest, sometimes salacious conversations about the business of media and its biggest egos. New episodes publish every Tuesday and Friday.