<\/p>\n
\n\tHappy Wednesday!<\/p>\n
\n\tEditor\u2019s Note:<\/strong>\u00a0This story originally appeared in\u00a0On Balance<\/a>,\u00a0<\/em>the ARTnews\u00a0newsletter about the art market and beyond.\u00a0Sign up here<\/a><\/em>\u00a0to receive it every Wednesday.<\/em><\/p>\n \n\tHappy Wednesday! Here\u2019s a round-up of who\u2019s moving and shaking in the art trade this week.<\/p>\n \n\tThat\u2019s\u00a0Sotheby\u2019s<\/a>\u00a0and\u00a0Christie\u2019s<\/a>\u00a0combined total in global sales for 2025, a healthy jump from 2024\u2019s 11.8 billion. Both houses released their full-year results on Wednesday, with Christie\u2019s reporting $6.2 billion and Sotheby\u2019s $7 billion. The story for both is one of diversification\u2014across both categories and geographies\u2014as they court clients in the Gulf and expand into high-end watches, cars, handbags, and other collectibles.<\/p>\n \n\tThere are many reasons to love New York, as the editors of\u00a0New York<\/em>\u00a0would love<\/a>\u00a0to tell you this week. (More than a few of those reasons are art related.) But, as the\u00a0New York Times<\/em>\u2019s Eliza Shapiro\u00a0reported<\/a>\u00a0on Monday, there are plenty of trade-offs to living in the city too, particularly for artists. As Shapiro lays out, the cost of living in the city has skyrocketed of late, with the creative workforce shrinking dramatically. According to a recent report, the number of artists in New York has shrunk by 4 percent every year since 2019, after experiencing a 35 percent growth from 2004 to 2019. There is a domino effect happening, as industries that artists rely on to pay rent\u2014including advertising and design\u2014getting hollowed out, while rents, insurance, and other costs surge. One thing is clear: come January, Mayor-Elect Zohran Mamdani has his work cut out for him<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":" Happy Wednesday! Editor\u2019s Note:\u00a0This story originally appeared in\u00a0On Balance,\u00a0the ARTnews\u00a0newsletter about the art market and beyond.\u00a0Sign up here\u00a0to receive it every Wednesday. Happy Wednesday! Here\u2019s a round-up of who\u2019s moving and shaking in the art trade this week. Industry Moves Jessica Silverman Now Represents Trevor Paglen:\u00a0The gallery will debut a solo show in January featuring […]<\/p>\n","protected":false},"author":1,"featured_media":37785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-37784","post","type-post","status-publish","format-standard","has-post-thumbnail","category-art"],"publishpress_future_action":{"enabled":false,"date":"2026-10-25 19:14:46","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/gpnewswire.com\/news\/wp-json\/wp\/v2\/posts\/37784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gpnewswire.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gpnewswire.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gpnewswire.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gpnewswire.com\/news\/wp-json\/wp\/v2\/comments?post=37784"}],"version-history":[{"count":0,"href":"https:\/\/gpnewswire.com\/news\/wp-json\/wp\/v2\/posts\/37784\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gpnewswire.com\/news\/wp-json\/wp\/v2\/media\/37785"}],"wp:attachment":[{"href":"https:\/\/gpnewswire.com\/news\/wp-json\/wp\/v2\/media?parent=37784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gpnewswire.com\/news\/wp-json\/wp\/v2\/categories?post=37784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gpnewswire.com\/news\/wp-json\/wp\/v2\/tags?post=37784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n\t\tIndustry Moves\t<\/h2>\n
\n
\n\t\tBig Number: $13.2 B.\t<\/h2>\n
\n\t\tRead This\t<\/h2>\n