Pace Gallery Cuts 50 Artists and 50 Staff in 'Model Correction'

Pace Gallery recently underwent major shifts, letting go of 50 staff members and removing 50 artists from its roster. CEO Marc Glimcher referred to this as a crucial 'model correction' for what he sees as a failing gallery system. This comes right after they opened their $100 million flagship location in Chelsea and began exploring crypto art. In other news, Marjane Satrapi, the Iranian-French artist behind 'Persepolis,' died at 56. Furthermore, more than 100 people are considering legal action against the Venice Biennale Foundation for not processing 'Visitor Lion' withdrawals. The Met Museum is now offering free 'Explorer' memberships to SNAP recipients in New York. New regulations from Trump could limit federal loans for 44% of MFA fine arts programs. Sotheby's in London expects Lucian Freud's 'Sleeping by the Lion Carpet' to fetch around $47 million. Makeda Best has been named the chief curator of Photography at MoMA. Obituaries have been released for Alan Saret, Julio Le Parc, and Hilde Lynn Helphenstein.