Adam Lindemann has turned over the programming of his Los Angeles space, Venus Over Los Angeles, to the Lower East Side gallery Ramiken Crucible, run by Blaize Lehane and Mike Egan. “The smaller galleries, they want to keep their artists,” Mr. Lindemann said. “This is a way for them to keep their artists and not have everyone they represent get stolen from them.”Rather than an issue related to art fairs, this slightly unorthodox approach is more of a real estate story. Lindemann is developing a building in Los Angeles with a gallery as its anchor, his gallery. Outsourcing the gallery's management to Ramiken Crucible lowers Lindemann's operating costs while adding to the value of his real estate project. Real estate is the unacknowledged legislator in the art market. Art fairs may be an efficient, if expensive, way to acquire new customers. But art dealers face a more immediate problem, the decline of retail as a cultural experience or form of discovery.
Sign up to Art Market Monitor Premium today
You need a membership to AMMpro to view this article and other exclusive content daily.
You can register today for $90 per month—with your first month free!—or for $756 per year (no free trial period.)
If you already have an account, sign in here: