Monday, April 5, 2010
Art It's a Buyer's Art (Gallery Real Estate) Market: Two of Chelsea's Biggest Buy More Space
Posted by Benjamin Sutton on Mon, Apr 5, 2010 at 11:06 AM
Namely, most obviously, two galleries with a penchant for organizing major, museum-caliber retrospectives and projects by their own artists and those represented elsewhere will have more space to do more ambitious things. But also, if the biggest galleries are snapping up post-boom real estate at such rates, it also means that there are more opportunities for emerging and non-profit galleries that were priced out of such areas back in '07 to find cheap space for ambitious, non-commercial projects. And that's why the ongoing crash in the specialized little world of art district real estate is a good thing. (Artforum/ArtInfo/Lindsay Pollock)
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