Robin Pogrebin has an entertaining piece on the converging efforts of galleries and auction houses to gain a piece of the growing value in managing artists’ estates.
Pogrebin’s story is a good primer on the issue; it’s a better source of entertaining quotes. Shots are fired on all sides.
Take this one aimed at Sotheby’s:
“Their interest is selling,” said Arne Glimcher, the chairman of Pace, which represents living artists such as Mr. Close and Kiki Smith. “Making money is a long-range process with us.”
Apparently Glimcher was mentored by Gus Levy. Other enjoyable comments come from recently converted players like Brett Gorvy—now a gallery booster—and Sotheby’s Christy MacLear, who happily shared her prospect list with Pogrebin:Continue Reading