The rapidly skyrocketing rent prices in New York’s Chelsea neighborhood is driving out many of the galleries that brought the area to prominence a few years earlier.  The neighborhood’s rapid growth has attracted a number of high-profile clients that have caused fierce competition over much higher rent prices, and middle-sized galleries are feeling the pinch.  “The mid-range galleries are going to just vanish from Chelsea,” says gallerist Magdalena Sawon of Postmasters Gallery, effectively eliminating “anything radical or experimental.”  Read more at Bloomberg

This entry was posted on Thursday, February 21st, 2013 at 10:09 pm and is filed under Art News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.