{"id":1833534,"date":"2026-03-18T18:35:00","date_gmt":"2026-03-18T15:35:00","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=1833534"},"modified":"2026-03-18T18:35:00","modified_gmt":"2026-03-18T15:35:00","slug":"praise-shadows-sales-director-para-site-exec-director-industry-moves","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=1833534","title":{"rendered":"Praise Shadows Sales Director, Para Site Exec Director: Industry Moves"},"content":{"rendered":"

[analyse_image type=”featured” src=”https:\/\/www.artnews.com\/wp-content\/uploads\/2026\/03\/ParaSite-06272-3d-1536×1024-1.jpg?w=1024″]<\/p>\n

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Editor\u2019s Note:<\/strong>\u00a0This story originally appeared in\u00a0On Balance,\u00a0<\/em>the ARTnews\u00a0newsletter about the art market and beyond.\u00a0Sign up here<\/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

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  • Praise Shadows Hires Rebecca Hayes as Sales Director:\u00a0<\/em><\/strong>Hayes will lead sales at the Boston gallery\u2019s new downtown space.\u00a0She previously held roles at the Museum of Modern Art and the Addison Gallery of American Art.<\/li>\n
  • Lehmann Maupin and Jessica Silverman to Co-Represent Guimi You:\u00a0<\/em><\/strong>The two galleries will jointly represent You and present new work by the artist at Art Basel Hong Kong next week. Each will also stage a solo exhibition of her work in the coming months.<\/li>\n
  • Para Site Names James Taylor-Foster Executive Director:\u00a0<\/em><\/strong>The Hong Kong nonprofit has appointed the curator as it marks its 30th anniversary.\u00a0<\/li>\n
  • London\u2019s Timothy Taylor to Close New York Outpost After a Decade:\u00a0<\/strong><\/em>The decision was made \u201cto ensure the long-term stability of the gallery and the community around it,\u201d the gallery\u00a0told\u00a0ARTnews<\/em>.\u00a0<\/li>\n<\/ul>\n<\/div>\n

    \n\t\tThe Big Number: $4.5 B.\t<\/h2>\n

    \n\tThat\u2019s how much\u00a0auction sales\u00a0of postwar and contemporary art generated last year, according to the latest\u00a0Art Basel & UBS Art Market Report<\/em>, written by economist Clare McAndrew of Arts Economics. The figure marks another year of decline for contemporary art sales, which have fallen consistently since an $8.5 billion peak in 2021. On a brighter note, the global art market saw modest 4 percent growth last year, totaling $59.6 billion in sales, driven largely by resurgences in the Old Masters, Impressionist, and Post-Impressionist markets.<\/p>\n

    \n\t\tRead This\t<\/h2>\n

    \n\tFor a stretch, \u201cbuy one, give one\u201d deals were the art market\u2019s not-so-secret handshake\u2014a way for collectors to cut the line on a hot artist by agreeing to purchase two works and donate one to a museum. The arrangement flattered everyone involved: collectors gained access, institutions received gifts, and galleries could claim they were nurturing artists\u2019 long-term reputations rather than feeding speculation. At the height of the post-pandemic boom, these deals became almost routine, especially for ultra-contemporary painters with more demand than supply. Now, according to the\u00a0Art Newspaper<\/em>, the practice\u00a0is quietly fading.\u00a0As demand cools and prices rise, the math no longer works as it once did; collectors lose the financial upside, and galleries no longer need the same gatekeeping mechanisms when buyers are easier to come by. While such deals haven\u2019t disappeared entirely, they have retreated to a narrower slice of the market, sometimes replaced by straightforward cash donations. The shift reflects changing leverage: in today\u2019s market, participants are more selective\u2014and far less desperate.<\/p>\n<\/div>\n<\/div>\n

    [analyse_source url=”https:\/\/www.artnews.com\/art-news\/market\/praise-shadows-sales-para-site-executive-director-industry-moves-1234777697\/”]<\/p>\n","protected":false},"excerpt":{"rendered":"

    [analyse_image type=”featured” src=”https:\/\/www.artnews.com\/wp-content\/uploads\/2026\/03\/ParaSite-06272-3d-1536×1024-1.jpg?w=1024″] 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. Praise Shadows Hires Rebecca Hayes as Sales Director:\u00a0Hayes will lead sales at the Boston gallery\u2019s new […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,226],"class_list":["post-1833534","post","type-post","status-publish","format-standard","hentry","category-politics","tag-artnews-com","tag-crawlmanager"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1833534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1833534"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1833534\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1833534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1833534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1833534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}