Pace Gallery Lays Off 50 Workers and Drops 50 Artists

Pace Gallery has terminated 50 employees and removed 50 artists from its lineup, which accounts for approximately 20% of its workforce and one-third of its artist roster. CEO Marc Glimcher referred to this decision as a "model correction," emphasizing that "the current gallery model isn't only broken, it's unfixable." This restructuring follows the opening of a $100 million flagship space in Chelsea, Manhattan, and Pace's emergence as a frontrunner in the crypto art sector. Additionally, Hyperallergic's Valentina Di Liscia and Rhea Nayyar reported the passing of Marjane Satrapi, the Iranian-French creator of the graphic novel "Persepolis," at 56. The newsletter also critiques the film "Moss & Freud" and highlights Makeda Best's new role as chief curator of Photography at MoMA, along with the Asian Cultural Council's $1.6 million grant distribution to artists.