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Inside the New Madison Avenue Flagship of the Powerhouse Gagosian Gallery

Larry Gagosian has opened a new flagship gallery at 974 Madison Avenue (preferring the address 980 Madison at 76th Street) after Bloomberg Philanthropies took over the building's upper floors, which had housed Gagosian's New York flagship since the late 1980s. The megadealer relocated to the street level, creating a 12,000-square-foot complex with exhibition spaces, offices, meeting rooms, and private viewing areas designed by Jonathan Caplan of Caplan Colaku Architects. The gallery launched with a double-header presentation of works by Marcel Duchamp and Robert Rauschenberg, and features ceilings just over 12 feet high, adaptable walls, and a vestibule display of art books.

PHOTOS: Celebrities interpret 2026 Met Gala theme ‘Fashion is Art’

On May 4, 2026, celebrities including Emma Chamberlain, Anna Wintour, Nicole Kidman, Kylie Jenner, and Janelle Monae attended the Met Gala at The Metropolitan Museum of Art in New York, celebrating the opening of the "Costume Art" exhibition. The event featured arrivals at the museum and departures from The Mark Hotel, with performances by Joshua Henry, and was captured by photographers Evan Agostini, Andy Kropa, and Jamie McCarthy.