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Good evening and welcome back to Wall Power. Tonight, I’ve got a little news about UTA’s Fine Arts division that also offers a good opportunity to discuss the changing structure of the art market. UTA may be out of the art business, but the demand among artists for a business surrogate—someone who can act like an agent or manager or all-around consigliere—has only increased in recent years.
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Wall Power
Wall Power

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Good evening and welcome back to Wall Power, where auction lots are finally getting revealed for the late September sales in New York (there will be one midday on Monday, and I’ll have more for you in Tuesday’s email) even as we wait to hear about the big collections coming to market in November.

Tonight, I’ve got a little news about UTA’s Fine Arts division that also offers a good opportunity to discuss the changing structure of the art market. UTA may be out of the art business, but the demand among artists for a business surrogate—someone who can act like an agent or manager or all-around consigliere—has only increased in recent years. And that’s not changing anytime soon.

P.S.: There are many good reasons to pay for Wall Power—you’ll get access to the full version of this email, of course, as well as all of my articles and my subscriber-only SMS channel, which offers live commentary directly from the biggest auctions and art fairs. And here’s another: In celebration of our third anniversary, we’re currently offering a 20 percent discount on your first year of Puck, which you can claim at checkout. Stop forwarding this email around the office and get on the right side of history. (We offer special group rates, too.)

Let’s get started…

Christie’s Nabs an $8.5M Koons
Jeff Koons, Balloon Monkey (Blue), estimated at £6.5 million
As it turns out, Christie’s C.E.O. Guillaume Cerutti wasn’t sugarcoating the prospects for the European market at a recent London art business conference. According to the FT, he estimated...
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Kusama’s Jerry Maguire?
Kusama’s Jerry Maguire?
Athletes, actors, and authors all have agents. So why don’t artists? That’s the question that UTA tried to answer with its Fine Arts division. Now, the agency has put that initiative on pause.
MARION MANEKER MARION MANEKER
UTA, the third-largest Hollywood talent agency, has quietly closed its Fine Arts division, as well as the UTA Artist Spaces in Los Angeles and Atlanta. Some of the artists and art-adjacent figures represented by UTA recently got calls notifying them that the agency was suspending their activities in the space. Division director Arthur Lewis, a collector whose business background was mostly in retail, at places like Old Navy, has decided to wrap things up. Harrison Tenzer, hired just a year ago, is...
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Good evening and welcome back to Wall Power. Tonight, I’ve got a little news about UTA’s Fine Arts division that also offers a good opportunity to discuss the changing structure of the art market. UTA may be out of the art business, but the demand among artists for a business surrogate—someone who can act like […]
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(Sample from Sports) In many ways, my arrival at Puck represents the full circle of my career covering the Art Market. When I was first getting started in this business, I wrote a newsletter that covered the burgeoning cable TV industry. Decades later, the formula still reigns, despite the convulsions of the industry.
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Minus inventore ipsa error cupiditate
Eos excepturi voluptas.




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