ARTFEED — Contemporary Art Intelligence

Pace Gallery Cuts Staff and Artists, Raising Questions About Mega-Dealer Model

market-auction · 2026-06-12

Pace Gallery, one of the world's top mega-dealers, has suddenly laid off staff and dropped half of its artists, according to an ARTnews report. The move raises concerns about the sustainability of the mega-gallery model. Meanwhile, a Yale Review piece questions 21st-century creativity, but innovations like carbon-fiber violins and metrology for authenticating Van Gogh paintings suggest invention is happening in new places. A new Authors Guild study shows U.S. authors' incomes continue to decline. Glenn Close will finally receive an honorary Oscar after eight nominations over four decades.

Key facts

  • Pace Gallery cut staff and dropped half its artists.
  • The layoffs were reported by ARTnews.
  • A Yale Review article questions 21st-century creativity.
  • A luthier compared a carbon-fiber violin to a Stradivarius.
  • Scientists use metrology to authenticate Van Gogh paintings.
  • An Authors Guild study shows U.S. authors' incomes declining.
  • Glenn Close will receive an honorary Oscar.
  • Close had eight nominations over four decades.

Entities

Artists

Institutions

  • Pace Gallery
  • Yale Review
  • The Strad
  • Artnet
  • ARTnews
  • Authors Guild
  • Publishers Weekly
  • AP

Sources