There’s a flurry of movement among some of the top seats in the trade right now. That’s especially evident at the auction houses: two of the big three have brought in new leadership in the last month. While Christie’s and Phillips have tapped new CEOs, Sotheby’s has also been going through its fair share of restructuring in recent weeks. What’s behind this C-suite shuffle?
Plus, a coalition led by the J. Paul Getty Trust has announced a $12 million emergency fund to aid local artists and arts workers affected by the recent wildfires in Los Angeles. And one of Manhattan’s oldest and largest art buildings, the West Chelsea Building, is up for sale, threatening hundreds of artist and gallery tenants.
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