Editor’s Note: This story originally appeared in On Balance, the ARTnews newsletter about the art market and beyond. Sign up here to receive it every Wednesday.
Happy Wednesday! Here’s a round-up of who’s moving and shaking in the art trade this week.
- Petzel to Represent Emma Webster: The Los Angeles–based artist, known for digitally constructed dioramas that merge Baroque landscape traditions with contemporary technology, will be jointly represented by Perrotin. Webster will open a show of new work at Petzel on April 30.
- Rose Easton Adds Łukasz Stokłosa to Roster: The Polish artist had his debut solo exhibition there in September 2025.
- McNay Art Museum Appoints Elizabeth Kathleen Mitchell Head of Curatorial Affairs: Mitchell, who joined in 2025 as curator of prints and drawings, will retain that role while overseeing exhibition planning, acquisitions, and curatorial strategy.
- Maureen Paley to Represent Mary Stephenson: The London-based artist joins the roster after solo shows at White Cube in Paris, Chapter NY in New York, MASSIMODECARLO in Paris, Linseed Projects in Shanghai, and Incubator in London.
Big Number: $2 M.
That’s the new cutoff for Sotheby’s mid-tier buyer’s premium of 22 percent. The fee—applied on top of a lot’s hammer price—covers works that sell for between $2 million and $8 million. The new structure, which took effect last week, also raises the premium on works sold for up to $2 million from 27 percent to 28 percent. Premiums for works above $8 million remain at 15 percent. The move follows similar adjustments at Christie’s and Phillips, where lower-priced works have continued to see demand.