Several New York galleries have hit major milestones in recent months, imparting valuable lessons from those in charge.
Looking at recent headlines, one could think the traditional dealer model is falling apart. However, a closer look reveals New York galleries are thriving with exhibitions commemorating decade-long anniversaries or more.
Pace Gallery's 65th anniversary group exhibition, on show in Geneva until 7 November, is a notable example. The trend offers a counterpoint to the challenges facing the sector this year.
Arguably more encouraging than the longevity of that multicontinental empire are the milestone exhibitions by smaller galleries now based in a single city, if not a single space.
Author's summary: New York galleries mark major anniversaries amidst art market challenges.