Kelly Crow casts the future of Pace Gallery as a father and son drama with Marc Glimcher playing the crucial role in untying Pace from the now-troubled Wildenstein clan and leading the gallery into its global expansion. Glimcher Fils has brought a new group of artists to the gallery—led by Sterling Ruby—but some of the venerable pillars of the institution, like Chuck Close, are still smarting from the son’s previous prodigal adventures.
Crow makes some interesting observations about Pace’s role in the market:
So far in this year’s major evening auctions of contemporary art in New York and London, Pace artists have made up a third of the offerings and have sold for a combined $124 million. Pace’s own sales top $400 million a year.
And the WSJ put together this interesting graphic from data compiled by Art Research Technologies:
Keeping Pace (WSJ)