Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Pace & Wildenstein Part

April 1, 2010 by Marion Maneker

Carol Vogel reports that the 17-year partnership between Old Master dealers Wildenstein and Arne Glimcher’s Pace Gallery has come to an end:

The separation is amicable, both sides said. Pace will go back to being the Pace Gallery, the original name it had when it was founded in 1960. It will continue to operate the spaces on East 57th Street and in Chelsea that had become PaceWildenstein, as well as Pace Beijing, which opened in 2008. (Mr. Glimcher would not comment on speculation that Pace is also opening a gallery in London.) The Wildenstein headquarters on East 64th Street in Manhattan had never taken Pace’s name and will continue to run as before. […]

Although the financial details are being kept confidential, hundreds of millions of dollars are said to have changed hands. Pace bought out Wildenstein’s portion of the inventory they jointly owned, which included works by Rothko, Barnett Newman and others. It also bought out Wildenstein’s 49 percent share of PaceWildenstein.

Inside Art: Powerhouse Gallery is Splitting Apart (New York Times)

More from Art Market Monitor

  • RM Sotheby’s Ferrari Sale = $76m with 92% Sell-ThroughRM Sotheby’s Ferrari Sale = $76m with 92% Sell-Through
  • The Tate Pushed Experience Over Paintings, Will SFMoMA Bring Viewers Back to Art?The Tate Pushed Experience Over Paintings, Will SFMoMA Bring Viewers Back to Art?
  • Masterpiece Fair Makes Connections … and SalesMasterpiece Fair Makes Connections … and Sales
  • Philippe Vergne Talks His Vision for LA MoCAPhilippe Vergne Talks His Vision for LA MoCA
  • Critic Doesn’t Like LA Gallery Showing Museum’s ArtCritic Doesn’t Like LA Gallery Showing Museum’s Art
  • India’s First Biennial Opens in KochiIndia’s First Biennial Opens in Kochi

Filed Under: Dealers

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • After Pandemic’s Rapid Change, Sotheby’s Has 8 Predictions for 2021
  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • A Season of Improvisation: Fall 2020 New York Modern and Contemporary Art Auction Analysis
  • Tony Podesta's Secret Art Buying
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Roy Lichtenstein’s Top Ten Auction Prices
  • How to Chant Like an Auctioneer
  • Christie's Announces $70m Picasso Self Portrait
  • Basquiat's Last Girlfriend
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor