Pace Gallery, Emmanuel Di Donna, and David Schrader are launching a new joint gallery called Pace Di Donna Schrader Galleries (PDS), dedicated to secondary-market sales. The boutique operation will begin operations in spring 2026, open a formal space on New York's Upper East Side in summer, and host a major historical exhibition in autumn. The venture is a collaborative model rather than a merger, combining Pace's global reach and estate relationships, Di Donna's connoisseurship, and Schrader's expertise in private sales.
This matters because PDS represents a structural innovation in the high-end art market, which has long been characterized by competition and high overhead. The founders argue that collaboration, not rivalry, is the future, potentially offering a new blueprint for how top-tier galleries and dealers can work together to serve artists and clients more effectively. If successful, PDS could challenge traditional market dynamics and inspire further cooperative ventures.