> My former Artnet colleague Tim Schneider’s analysis at the time of the deal revealed that the gallery was on the hook for $704,000 in monthly rent, or $8.5 million a year—$220 million over the course of the lease
Seems like it’s not an art problem but an art dealer problem. If you rent a $100k/month restaurant space that seats 20 people, is the food industry dying if you can’t turn a profit and close?
Seems like it’s not an art problem but an art dealer problem. If you rent a $100k/month restaurant space that seats 20 people, is the food industry dying if you can’t turn a profit and close?