Digital Editions
Newsletters
Subscribe
Digital Editions
Newsletters
Art market
Museums & heritage
Exhibitions
Books
Podcasts
Columns
Technology
Adventures with Van Gogh
Art market
Museums & heritage
Exhibitions
Books
Podcasts
Columns
Technology
Adventures with Van Gogh
The Insiders
blog

Comment | A spate of dealer anniversaries offers hope amid art market doomerism

Several New York galleries have hit major milestones in recent months—what lessons can those in charge impart?

Tim Schneider
27 October 2025
Share
Pace Gallery’s 65th anniversary group exhibition, on show in Geneva until 7 November

Photo © Annik Wetter Photography, Courtesy Pace Gallery

Pace Gallery’s 65th anniversary group exhibition, on show in Geneva until 7 November

Photo © Annik Wetter Photography, Courtesy Pace Gallery

Looking at recent headlines, you could be excused for thinking the traditional dealer model is falling apart. Look a bit deeper, however, and New York galleries are alive with exhibitions commemorating anniversaries of a decade or more in business. The trend offers a heartening counterpoint to the earthquake afflicting the sector this year.

Pace Gallery has been hosting a series of exhibitions tied to its 65th birthday this year, most recently a group show in Geneva titled Pace: 65 Years (until 7 November). 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. Sperone Westwater on the Bowery rang in its 50th year with a show that opened on 5 September, as did Hal Bromm, whose group exhibition 50: The View From Tribeca runs until 29 November. Further uptown, the co-founders of the Chelsea dealership Albertz Benda have curated ten: an anniversary (until 18 October) to cap their tenth jubilee.

Downturn vets

Established midway on the timeline between these galleries are three other veterans who have weathered market turbulence more than once. Jane Lombard, who launched her eponymous gallery in 1995, is showing 30 x 30: A Selection of Thirty Artists Over Thirty Years, until 25 October.

Over email, Lombard calls the industry’s recent tremors a “natural” part of its ongoing evolution, adding as an example: “A major fair cancels, and the headlines echo it for weeks, but often what’s happening is a period of reflection and recalibration. That can be healthy.”

Seconding these sentiments is Yancey Richardson, whose group show commemorating her photography- and film-centric gallery’s third decade closed on 15 August. “There has always been a continual cycle of galleries closing while new galleries arrive on the scene with fresh energy,” she says.

Headquartered only a block away from Lombard’s gallery, James Cohan is still reflecting on a quarter-century of his own gallery a few months after closing the corresponding anniversary show in late July. “We live so much in the present because you’re only as good as your next exhibition and the next sale, but understanding both the successes and the failures is a valuable experience,” he says.

Lessons learned

Cohan’s endurance has beaten at least one early prediction; in 1982, he was fired from his first gallery job after ten weeks. “I was told I probably didn’t belong in the art world,” he says, chuckling. But years of subsequent work for the dealers John Weber and Paula Cooper changed his trajectory. One crucial point he gleaned from his time with these figures was the value of cementing his perspective on the primacy of serving artists above everyone—including collectors.

“You’ve made the choice to represent or show that artist, but it’s their ass that’s on the line. It’s incredibly vulnerable for them,” Cohan says. “When you appreciate that, your value systems are in the right place.”

Asked for the most important lesson from her 30 years in business, Richardson points to learning to trust her gut instincts when considering new artists. The few times she’s been “swayed by other voices” to ignore her reservations, it has been “a disappointment, if not a downright disaster”. Conversely, when she has allowed her excitement about an artist to overrule what appeared to be long odds of success, the return on her gambles have proven “extraordinary”.

More than the marketplace

According to Lombard, her gallery’s adaptability has come partly from working with artists grappling with grave political realities. These include Dan Perjovschi, who navigated repression under Communism in Romania, and Via Lewandowsky, who escaped East Germany. Their stories inspire her “to keep going, evolving and continue sustaining a gallery that gives space to voices that matter”.

Also aiding the business’s growth has been the gradual evolution of Lombard’s approach to team-building. “In those early days, roles within galleries were far less defined and everyone did a bit of everything,” she says. But her operation has become “more structured” over time while still “maintaining a spirit of collaboration”.

One last consideration for longevity: validation of, and sales to, museums. Cohan calls institutional support the gallery’s “gold standard”—because they take the long view of art history, and their endowments commit them to acquiring art no matter the market cycle. “There’s a lot of noise out in the world, but the fundamentals of our business march on,” he says.

The InsidersArt marketCommercial galleries
Share
Subscribe to The Art Newspaper’s digital newsletter for your daily digest of essential news, views and analysis from the international art world delivered directly to your inbox.
Newsletter sign-up
Information
About
Contact
Cookie policy
Data protection
Privacy policy
Frequently Asked Questions
Subscription T&Cs
Terms and conditions
Advertise
Sister Papers
Sponsorship policy
Follow us
Instagram
Bluesky
LinkedIn
Facebook
TikTok
YouTube
© The Art Newspaper

Related content

The Insidersblog
9 May 2025

Why dealers play the waiting game before exhibiting a newly signed artist

Michael Armitage, for example, had his first show at David Zwirner three years after being signed to the gallery

Tim Schneider
The Insiderscomment
19 March 2025

São Paulo's newest gallery knows you must ‘burn cash to support great artists’

Yehudi Hollander-Pappi, founded by two former Mendes Wood DM employees and a seasoned collector, opens this week with a 20-strong roster and a clear vision for success

Kabir Jhala
The Insidersanalysis
14 March 2025

Dealers are facing the tricky challenge of balancing artist and collector priorities

Gallerists vary in how they navigate between building relationships with the artists they represent and the collectors who are their clients—but there may be an overarching advantage to the struggle

Tim Schneider
Art marketnews
11 July 2024

Marian Goodman Gallery sets opening date and programme for new Tribeca flagship

The 30,000 sq. ft space will debut on 26 October with a group show featuring works by nearly 50 artists

Tim Schneider