A young gallerist with a good reputation decides to rent space on the ground floor of a legendary Chelsea building and the New York art world gets excited. Both ArtInfo.com and Lindsay Pollock raced to get the “scoop” that Zach Feuer and CRG gallery had leased space on the ground floor of the former Dia building, here’s Sarah Douglas in ArtInfo.com which won the race to post:
Feuer has signed a ten-year lease and will open his gallery in October when renovations, due to begin this week, are completed. The dealer declined to comment on the rent he’s paying for the space, but ARTINFO understands the rent is in the low $20,000 range, which is comparable to going rates for street-level space in Chelsea.
This comes on the heels of New York Magazine art critic Jerry Saltz’s latest Facebook outburst. Fulminating against the record Picasso sale last weekend, Saltz unleashed some vitriolic condescension toward the buyer and proposed an alternative use of the $106 million.Continue Reading