Art Market Monitor

We’re in a serious recession, right? Except, in New York we’re seeing galleries continue to open and expand. Lindsay Pollock reports this morning that private dealer Christian van de Weghe just bought a 9000 square foot townhouse that will also function as his gallery:

New York art dealer Christophe Van de Weghe has purchased a 9,000 square foot five-story townhouse on Manhattan’s Upper East Side. He plans to use some of the space as a showroom for art, open by appointment only.

The building, located on East 78th Street between Madison and Fifth Avenue, requires a gut renovation. Construction is expected to last two years.

Van de Weghe Trumps Recession Buys Upper East Town House (Lindsay Pollock)

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