10. Art Basel and “Basel Exclusive,” Plus Pace’s Downsizing and the Broken Gallery Model

In the 10th episode (!!) of the Art Market Podcast, Tom reports from Art Basel (artbasel.com) in Basel, quality on the floor, the new “Basel Exclusive” initiative, the spectacular Basel Social Club (baselsocialclub.com), and whether the original fair can hold its crown as Art Basel Paris closes in and the market deglobalises.
Georgina then turns to Pace’s dramatic downsizing - fifty artists dropped and a twenty percent headcount cut – as a way into the bigger question: is the mega-gallery model fundamentally broken? Together they trace the shift from the Castelli artist-nurturer to the Gagosian business model, and why so many galleries can no longer compete. Enjoy!
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