Financial Times Charts Current Challenges Facing Gallery System

September 11th, 2017

Gerhard Richter, Split (Rubble) (1989) final price£3,983,750 via SothebysThe Financial Times analyzes the current state of the contemporary art market, examining how demands placed on galleries by the international fair circuit and other situations have made it increasingly difficult to compete with mega-galleries. “If you add everything up on a booth for emerging artists, it’s difficult to see how galleries can make the costs back,” says gallerist Laura Bartlett, who recently closed her London exhibition space. “I gained so much profile through international fairs; they just need to be as flexible as possible now and adapt to the market.” 

Read more at FT