Dominique Lévy and Robert Mnuchin open L&M Arts gallery in Los Angeles with Paul McCarthy exhibition

In September, L&M Arts, a gallery founded by Dominique Lévy and Robert Mnuchin, opened a new venue in Venice, Los Angeles, inside a converted power plant. The debut exhibition featured Paul McCarthy, marking his first presentation in his hometown in over ten years. Lévy noted a noticeable shift in the postwar art scene, moving from the Paris–New York focus to a Berlin–Los Angeles dynamic. This growth occurs amid economic challenges, with many galleries successfully operating in both primary and secondary markets. Lévy and Mnuchin, who previously worked as an equities trader and led the New York Stock Exchange, are looking to enhance their foothold in the primary market, following the footsteps of other New York figures like Jeffrey Deitch in L.A.