Inside Gagosian’s Quiet Power Move to Street Level on Madison Avenue
Artnet News reports that Gagosian is opening a new 2,275-square-foot, street-level gallery at 980 Madison Avenue, a building that originally opened in 1949 as the home of Parke-Bernet Galleries. The move ends the gallery’s 37-year run in a smaller 1,300-square-foot space located six floors up, a change director Millicent Wilner described as a “new chapter,” and Larry Gagosian said addresses artists’ concerns that the upstairs location was “off-putting.” The new space will be inaugurated with works by Marcel Duchamp and Robert Rauschenberg. The relocation follows major changes at 980 Madison: Bloomberg Philanthropies sought to lease much of the building in 2023 from owner Aby Rosen, and Michael Bloomberg purchased the property in June 2024 for $560 million, displacing several art tenants.
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This story was covered in Museum Money Games and AI’s New Frontier