With the wow new Whitney museum on the High Line in Chelsea, the major art galleries are beefing up their space, knowing that the big pull for art buyers is now happening there. With rents soaring, the small galleries cannot afford to stay there, so we will see galleries like Pace and Hauser and Firth adding lots of floors to their space. The new condos going up are creating space for galleries on their ground floors. Property and art meet!
Read the entire article at the Wall Street Journal.