The inimitable Pia Catton captures the duality of London’s art world in her WSJ column on transatlantic galleries. Most are expanding from New York to London:
“We go where the artists are,” said Pace gallery president Marc Glimcher. “The collectors will travel, but the artists want a gallery near where they are.”
And because collectors from either side of Europe make London a frequent stop, gallerists are coming to regard the city as a necessity. “London is the crossroads of the world. New York is not, really,” said Mr. Glimcher.
But some are coming back in the other direction:
Rebecca Hossack has two spaces in the artsy hotspot Fitzrovia, but branched out to New York’s NoLita in 2011 because she feels the art-making scene in New York has more energy, especially now that the YBA have moved on. “The mood in New York is one of optimism,” she said. “The mood in London is almost ingrained despair. The actual art world is not flourishing.”