[analyse_image type=”featured” src=”https:\/\/www.artnews.com\/wp-content\/uploads\/2022\/12\/MarcGlimcher.jpeg?w=1024″]<\/p>\n
\n\tPace Gallery, a mega gallery with seven locations worldwide, is laying off some 50 staff and dropping about 50 artists.<\/p>\n
\n\tIn a statement to ARTnews<\/em> Thursday, CEO Marc Glimcher said that the gallery will now focus its roster on 85 artists, after growing to 135 and will \u201ccontinue to be a global gallery\u201d with plans to \u201cground their programs in the character of the local art scene.\u201d<\/p>\n \n\t\u201cGalleries need a model correction,\u201d he said. \u201cFor Pace, this means returning to our roots, recentering and reasserting our historic mission: We\u2019re going back to the future, connecting younger artists to their spiritual fathers and mothers, focusing on a group of around 80 artists, which represents an intergenerational mix of new and established artists and estates.\u201d<\/p>\n \n\tThe news of the layoffs was first reported by the New York Times<\/em> on Wednesday night. However, sources at Pace told ARTnews<\/em> that the Times<\/em> story ran early, before the gallery had actually conducted the layoffs, leading to confusion amongst gallery staff. A town hall is planned for 9 a.m. Thursday morning.<\/p>\n \n\tIn the Times<\/em> story, Glimcher blamed an art system that has become \u201ctoo big, too commercial, too impersonal, and too corporate.\u201d \u201cWe all know it\u2019s true,\u201d he went on. \u201cBut you actually have to do something to adapt to it. You have to make some substantial changes.\u201d An accompanying photograph shows Glimcher holding the viewer\u2019s gaze, his right hand outstretched on the desk, clenched in a tight fist.<\/p>\n \n\tIt is not clear which artists have been dropped, and gallery has not released a list of those it will no longer represent. The roster will be cut by about 30 percent. Staff cuts will amount to a roughly 20 percent reduction to 200 from about 250.<\/p>\n \n\tSome artists now missing from those listed on the gallery website include Keith Coventry, TeamLab, John Gerrard, and Glenn Kaino. The latter spoke to the NYT<\/em> and did not seem surprised by the news, which follows industry speculation about the gallery\u2019s finances. \u201cIt\u2019s been clear to me for a while that their model was optimized for a vision of the art world that never materialized,\u201d Kaino said in an email.<\/p>\n \n\tPace\u2019s downsizing comes after several years of market contraction driven by economic and global uncertainty, high interest rates, Trump\u2019s trade war, and conflicts in the Middle East and Ukraine. Numerous long-standing galleries closed in 2025, most prominently Blum, who collaborated with Pace on some artists and who also blamed the current gallery system.<\/p>\n \n\tIn an interview with ARTnews,<\/em> Glimcher said the cuts were not simply a response to a weaker market, but an attempt to break what he described as a self-reinforcing cycle of rising costs and rising prices. Pace has generally avoided the aggressive price hikes seen elsewhere in the market, he said, but galleries with large overhead face mounting pressure. \u201cIf you\u2019re not super responsible about your operating expenses and the overhead of your business,\u201d he said, \u201cthe overhead of your business will force you into that loop. If you don\u2019t pay attention to it and just let rampant competition and thoughtlessness drive your business strategy, that\u2019s the spiral<\/p>\n \n\tArne Glimcher, Pace\u2019s founder, who turned over the business to his son, Marc, in 2010, has long criticized the inherent flaws in the model of the \u201cmega\u201d gallery, marked by a constant need to expand operations, set up shop in multiple cities, and take on large numbers of artists.<\/p>\n \n\tGlimcher said the changes should not be viewed as a rejection of the gallery\u2019s long history of expansion and experimentation. \u201cOur constant searching should not be confused with this phenomenon of getting too big and getting too corporate,\u201d he said, describing that impulse as \u201c100 percent the legacy of my father.\u201d The issue, he argued, was not ambition but the overhead required to sustain the mega-gallery model.<\/p>\n \n\tAs ARTnews<\/em> reported in 2023, Pace scooped up more than a dozen artists over roughly a 12-month period between 2022 and 2023, who also ranged significantly in stature.\u00a0 Last month, the gallery announced it would represent the estate of Constantin Brancusi, and in March, added artist Anicka Yi was joining their roster.Glimcher noted the gallery would continue representing new artists, and that it was holding onto its newly renovated flagship headquarters on Chelsea\u2019s West 25th Street, which reportedly costs about $9 million in rent per year, for a 20-year lease.<\/p>\n \n\tLast year, the gallery also joined forces with dealers Emmanuel Di Donna and David Schrader to create the new Pace Di Donna Schrader Galleries (PDS), a collaboration that will continue, and which is debuting at Art Basel this month. At the time, Glimcher told ARTnews<\/em> in an email: \u201cThe obsession with competition has gotten us into a low margin, high overhead arms race that benefits neither the artists nor the clients.\u201d As an alternative, \u201cPace, Di Donna, and David have pioneered a collaborative model which embraces the art world networking relationships. That\u2019s the future.\u201d\u00a0<\/p>\n \n\tWhile Pace has not released a list of artists cut from its roster, the following artists, who appeared on their February 2026 artists page, have since been removed:<\/p>\n \n\tRichard Avedon [analyse_source url=”https:\/\/www.artnews.com\/art-news\/market\/pace-gallery-layoffs-artist-roster-cuts-1234788318\/”]<\/p>\n","protected":false},"excerpt":{"rendered":" [analyse_image type=”featured” src=”https:\/\/www.artnews.com\/wp-content\/uploads\/2022\/12\/MarcGlimcher.jpeg?w=1024″] Pace Gallery, a mega gallery with seven locations worldwide, is laying off some 50 staff and dropping about 50 artists. In a statement to ARTnews Thursday, CEO Marc Glimcher said that the gallery will now focus its roster on 85 artists, after growing to 135 and will \u201ccontinue to be a global […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,226],"class_list":["post-1971866","post","type-post","status-publish","format-standard","hentry","category-politics","tag-artnews-com","tag-crawlmanager"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1971866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1971866"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1971866\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1971866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1971866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1971866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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