Pace Gallery Lays Off 50 Workers and Drops 50 Artists, Blames "Broken" Gallery Model
By
Valentina Di Liscia
Summary
Pace Gallery has laid off 50 workers and dropped 50 artists from its roster, citing a "broken" traditional gallery model. The cuts come amid ongoing market uncertainty and the collapse of crypto-backed art ventures, which Pace had embraced early on. The gallery is restructuring to adapt to a changing art market landscape.
Source
bskyPace Gallery Lays Off 50 Workers and Drops 50 Artists, Blames "Broken" Gallery Modelhyperallergic.comKey quotes
· 2 pulledPace cuts 50 workers and 50 artists, citing a 'broken' gallery model
The layoffs and reductions come amid ongoing market uncertainty and the disastrous collapse of crypto-backed art ventures, of which Pace was an early adopter
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