Pace Gallery has announced that it will cut its roster by 50 artists and reduce its staff by 50 employees. Marc Glimcher, the chief executive of Pace Gallery, commented on the current state of the art market, stating that it has become excessively commercial and impersonal.
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Pace Gallery Reduces Number of Artists and Staff Due to Market Conditions
Pace Gallery is reducing its number of artists and staff by 50 each, citing challenges in the art market. CEO Marc Glimcher expressed concerns about the commercialization and impersonal nature of the current art gallery system.
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Pace Gallery Cuts 50 Artists and 50 Staff Amid Art Market Challenges
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Pace Gallery Reduces Number of Artists and Staff Due to Market Conditions