Art Market Minute
Why Galleries and Fairs Are Pausing
Plus, why the Met Opera may sell its iconic Marc Chagall murals.
Sonia Manalili &
Margaret Carrigan
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There’s a new buzzword circulating in the art trade right now: “strategic pause.” Last week, Vienna’s Spark Art Fair said it would take a hiatus. Days earlier, Berlin dealer Mehdi Choukri revealed that his 30-year-old gallery would temporarily suspend exhibitions. Last summer, the Art Dealers Association of America’s venerable fair the Art Show coined the strategic pause phrase when it said it would skip a year to “reimagine” its future. Is pausing a version of “quiet quitting” or is there something more at play?
Marc Chagall’s Le Triomphe de la Musique (The Triumph of Music), located in the Met Opera’s Grand Tier South. Courtesy of the Metropolitan Opera.
Plus, why New York’s Metropolitan Opera is thinking of selling its iconic Marc Chagall murals. And a fresh-to-market Magritte heads to Christie’s London.
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