arrow_back Back to all stories

person Melanie Gerlis

newspaper The Art Newspaper article 4 articles
trending_up market schedule Jun 4, 2026

Comment | As Pace slashes business, could shrinking be the next growth model?

Pace Gallery is cutting its workforce from approximately 250 to 200 staff and dropping up to 50 of its 135 artists, including teamLab, David Goldblatt, and Grada Kilomba. CEO Marc Glimcher described the current mega-gallery model as “unfixable,” citing unsustainable expansion and rising primary market costs. The gallery will maintain its global presence across seven locations, though it has not confirmed any space closures. This move follows the closure of Tiwani Contemporary in London and Lagos, whose founder Maria Tanava cited rising operational costs and market uncertainties.

trending_up market schedule May 11, 2026

Comment | Flourishing markets beyond the big three will benefit the art ecosystem—and the planet

The article analyzes the shifting dynamics of the global art market, reporting that regions outside the traditional 'big three' hubs of the US, UK, and China have increased their market share from 17% in 2015 to 24% in 2025. This shift is driven by nationally protective regulations like Brexit and tariffs, which have stifled the free circulation of contemporary art. While the US market remains dominant at 44%, countries such as South Korea, Switzerland, Japan, and Australia have seen growth, and emerging cultural energy is noted in places like Bangkok, Warsaw, Margate, and Qatar.

trending_up market schedule Apr 10, 2026

Comment | The market grew in 2025 but ‘interest in art is waning’

The global art market saw a 4% growth in 2025 according to the latest Art Basel and UBS Art Market Report, yet the industry remains on edge. Despite the headline increase, the report reveals a sharp decline in the average number of buyers per gallery—reaching its lowest level since 2021—and rising operational costs for shipping and logistics. Protectionist trade policies and geopolitical instability, particularly escalating conflicts in the Middle East affecting oil prices, continue to strain the contemporary sector.

trending_up market schedule Apr 8, 2026

London galleries Edel Assanti and Emalin both announce expansions

London-based contemporary galleries Edel Assanti and Emalin have both announced significant expansions within the UK capital. Edel Assanti is opening a second, more intimate location in St. James’s to complement its larger Fitzrovia flagship, launching with a focused exhibition of works by Lonnie Holley. Simultaneously, Emalin is moving its primary operations from Shoreditch to a sprawling 5,000-square-foot space in Clerkenwell previously occupied by Modern Art, while maintaining its historic Shoreditch outpost.

person people schedule Mar 24, 2026

Comment | All hail the rise of the art internship

Sotheby's auction house and Sotheby's Institute of Art, through their parent company Edconic, have launched a formalized, paid fellowship program. The initiative places 20 master's students from the Institute's New York program into 12-week paid internships at the auction house, with plans to expand to London and eventually involve 60 students. The program aims to provide practical, credit-earning work experience directly within the art market.

Vasari Streaming Art