New York's New Dealers: How Galleries Adapted After the 1990s Art Market Crash
Following the collapse of the art market in the early 1990s, dozens of well-established galleries in New York closed, leaving hundreds of emerging and mid-career artists without exhibition spaces. In response, New York gallerists rethought how art is presented and circulated, favoring a succession of ephemeral events, innovative distribution methods, and unconventional venues. This wave of renewal gave rise to the pioneers of the Chelsea neighborhood in western Manhattan, as well as home galleries.
Key facts
- The art market collapsed in the early 1990s.
- Dozens of established galleries closed in New York.
- Hundreds of emerging and mid-career artists lost exhibition spaces.
- Gallerists rethought presentation and circulation of art.
- They favored ephemeral events, innovative distribution, and original sites.
- Pioneers of Chelsea emerged in western Manhattan.
- Home galleries also appeared during this renewal.
- The article was published in artpress in October 1997.
Entities
Locations
- New York
- Chelsea
- Manhattan
Sources
- artpress —