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The Blobification of the Art Industry: How Lockdown Has Accelerated the Blurred Lines Between Galleries and Auction Houses

The Blobification of the Art Industry: How Lockdown Has Accelerated the Blurred Lines Between Galleries and Auction Houses
As they compete for art market dominance, auction houses and galleries are increasingly adopting one another s sales strategies.
April 13, 2021
Sotheby’s exhibition of Prints & Multiples is now open in London, England, ahead of the auction on 19th March at Sotheby s on March 13, 2020 in London, England. Photo by Tristan Fewings/Getty Images for Sotheby s.
In February last year, a group of art-dealing titans went public with an unusual proposition they would team up and sell the storied collection of the late philanthropist Donald Marron. The move was a shock to the art-world system because it saw three galleries, Gagosian, Pace, and Acquavella, snaffling up a $450 million estate that historically would have been the territory of auction houses. ....

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Perrotin Is Launching a Secondary-Market Business in Paris to Offer Collectors a Bespoke 'Alternative to Auction Houses'

(L to R) Tom-David Bastok, Emmanuel Perrotin, Dylan Lessel. © Photo Claire Dorn
Emmanuel Perrotin, who runs galleries in Paris, Hong Kong, New York, Seoul, Tokyo, and Shanghai, is expanding yet again by opening a new standalone business selling art on the secondary market.
The dealer has partnered with Tom-David Bastok and Dylan Lessel to launch Perrotin Secondary Market (or Perrotin Second Marché), which is taking over a five-story townhouse on Paris’s Avenue Matignon, near the Grand Palais and Christie’s and Sotheby’s. After developing the project together over the past several months, the opening is planned for early 2021. ....

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