| | Good evening. The auction industry is goingโฆgoingโฆdown. Auction sales for the first half of the year at Sothebyโs, Christieโs, and Phillips fell to $3.98 billion, down 6% compared with the same period in 2024, according to a recent report from research firm ArtTactic. - It marks the lowest level in at least a decade (aside from the pandemic-affected 2020), and third-straight year of falling sales.
- Sales are now down 44%โor $3+ billionโfrom their peak in 2022.
A picture of decline: This sales drop can be attributed to less people buying art, per the report. Thatโs despite personal wealth in America, the worldโs largest art market, reaching record highsโsnapping a multi-century trend, Yale professor William Goetzmann, whoโs studied the relationship between art prices and financial wealth going back 300+ years and found theyโre โhighly correlated,โ told CNBC. A fundamental shift could be underway. For decades, the art market has been driven largely by baby boomers, who built large collections as their wealth grew. But Gen Z and millennials, set to inherit $100 trillion from these boomers, are exhibiting different tastesโopting instead for luxury items like jewelry, handbags, wine, watches, and sports memorabilia, whose sales all continue to increase. P.S. Did someone forward you this email? Subscribe to The DONUTโs AM/PM updates here. |
|
|
๐ July 30: On This Day in History |  | Munchie magic |  Image: White Castle/Canva | Each of the following events happened on July 30. Your challenge is to put them in the order in which they occurred by year, earliest to latest. Answers at the bottom! - A) The cult-classic stoner comedy Harold & Kumar Go to White Castle is released. The Columbus, Ohio-based hamburger chain reportedly sees sales jump 30% the following week.
- B) Former Teamsters president Jimmy Hoffa disappears in Bloomfield Hills, Michigan, under mysterious circumstances.
- C) President Dwight D. Eisenhower signs a law establishing โIn God we trustโ as the national motto of the United States.
- D) Uruguay defeats Argentina to win the first-ever World Cupโฝ. The tournament has since gone on to become the most-watched sporting event globally, attracting billions of viewers every four years.
Hint: Winning = first (isnโt that how it usually works?) |
|
|
๐ฅ๐ฆท In partnership with Remi |  | Donโt settle for less when it comes to your smile | 
| The quality of cheap overseas imitator night guards is unverified. Theyโre also subject to shipping delays and price spikes due to tariffs. The smart choice? Remi. - ๐ฆ
Proudly USA-made with dental-grade materials
- ๐ Tariff-proof pricingโcosts 85% less than custom night guards from dental offices
- ๐ Verified reviews with over 350,000 sold
- โ
They WILL fit comfortablyโbacked by a 45-night guarantee
With Remiโs impression kits, the fitting process is done from home in just minutesโno appointments required. |
| Save 50% on Remi with code DONUT50 |
|
๐ Conjoiner: A DONUT Original Word Game |  | Vacation time๐ด | Todayโs Conjoiner sequence will require a trip to the far corners of your mind to complete. Todayโs first clue: โSlang term for a getaway that doesnโt involve workโ... |
| Play the sequence here | Note: A (potentially important) clue for todayโs Conjoiner can be found at the bottom of our AM send. Just search โ๐ฉ Choo-chooโ in your inbox. |
|
|
๐งฉ The Puzzle Corner |  | MiniDetails matte-r in today's mini crossword. Do you have what it takes? SudokuLike roulette, todayโs sudoku requires you to pick your numbers carefullyโand theyโre often a gamble. |
|
|
๐ GOATWars: A Data-Driven Process to Determine the Best |  | Catch-up day, the sequel |  Image: GrabCalendar.com/Canva/The DONUT | Weโve finally got enough data to start delivering official GOAT lists. So in lieu of a new GOATWar today, we'll once again be delivering results from the first string of competitions, determined via a data-driven process and input from people around the world. ๐ฎ BEST CLASSIC ARCADE GAMES - Ms. Pac-Man
- Punch-Out!!
- Donkey Kong
- Galaga
- Space Invaders
Explore the full list. ๐ฆธ BEST SUPERHEROES - Superman
- Batman
- Wonder Woman
- Spider-Man
- Thor
Explore the full list. ๐จ BEST ICE CREAM BRANDS - Ben & Jerry's
- Hรคagen-Dazs
- Cold Stone Creamery
- Blue Bell
- Talenti Gelato & Sorbetto
Explore the full list. P.S. Have an interesting idea for a GOATWar that you'd like us to host? Just hit reply and we'll see what we can do. |
|
|
๐ Answers |  | D, C, B, A (Reverse! Reverse!๐บ) - D) 1930: Uruguay defeats Argentina to win the first-ever World Cupโฝ. The tournament has since gone on to become the most-watched sporting event globally, attracting billions of viewers every four years.
- C) 1956: President Dwight D. Eisenhower signs a law establishing โIn God we trustโ as the national motto of the United States.
- B) 1975: Former Teamsters president Jimmy Hoffa disappears in Bloomfield Hills, Michigan, under mysterious circumstances.
- A) 2004: The cult-classic stoner comedy Harold & Kumar Go to White Castle is released. The Columbus, Ohio-based hamburger chain reportedly sees sales jump 30% the following week.
|
|
|
|