Disconnect Between Art and Tech in Chelsea Limits New Collectors

April 4th, 2013

The Chelsea neighborhood of New York, via BloombergDespite the increasing number of wealthy tech entrepreneurs in the gallery-rich New York neighborhood of Chelsea, The New York Times points out a considerable disconnect between this group and the art market in general that has resulted in a failure to bolster sales.  While a range of issues stand in the way, many gallery owners remain hopeful for cracking this emerging pool of wealth.  “It’s hard to get those guys’ attention,” says art advisor Thea Westreich. “I think they will eventually collect, and collect very heavily and be a part of the community. But I think that’s going to be a hard wall to go through, at least in the short run.”

Read more at The New York Times