The Tamesis
Editor’s note: This story originally appeared in On Balance, art news Newsletter about the art market and beyond. Register here Receive it every Wednesday.
Happy Wednesday! Here’s a roundup of the moves and shakers in the art trade this week.
- Petzel representative Emma Webster: The Los Angeles-based artist, known for his digitally constructed dioramas that blend Baroque landscape traditions with contemporary technology, will be co-represented by Perrotin. Webster will have an exhibition of new work at Petzel through April 30.
- Rose Easton adds Łukasz Stokłosa to the list: The Polish artist will have his first solo exhibition there in September 2025.
- The McNay Museum of Art appoints Elizabeth Katherine Mitchell as director of curatorial affairs: Mitchell, who joins in 2025 as curator of prints and drawings, will retain this position while overseeing exhibition planning, acquisitions and curatorial strategy.
- Maureen Paley on behalf of Mary Stephenson: The London-based artist joins the list after having solo exhibitions at White Cube in Paris, Chapter NY in New York, MassIMODECARLO in Paris, Linseed Projects in Shanghai and Incubator in London.
The big number: $2 million.
This is a new boundary for Sotheby’s mid-range buyer premium of 22%. The fee is based on the auction price and applies to works priced between $2 million and $8 million. The new structure, which took effect last week, also increases the premium from 27% to 28% for works selling for $2 million or less. Premiums for works over $8 million remain at 15%. This follows similar adjustments at Christie’s and Phillips, with lower-priced works continuing to be in demand.
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