Roughly two years after Bloomberg Philanthropies acquired 980 Madison Avenue, Larry Gagosian‘s New York headquarters since 1989, the mega dealer is readying his next chapter in the building.

On April 25, Gagosian will open a newly overhauled space on the building’s ground floor with a show of Marcel Duchamp readymades, timed to the Museum of Modern Art‘s widely praised new Duchamp retrospective. (Here’s Artnet critic Ben Davis’s review.) That is the day after the end of Gagosian’s acclaimed Jasper Johns show, which occupies the above-ground galleries that the dealer has long leased.

Marcel Duchamp inside the exhibition “The Art of Assemblage” at the Museum of Modern Art, New York (1961), with his artworks Fountain (1950, replica of lost 1917 original) and Bicycle Wheel (1951, replica of lost 1913 original). Artwork: © Association Marcel Duchamp/ADAGP, Paris/Artists Rights Society (ARS), New York 2026
Photo: Marvin Lazarus

“I couldn’t imagine a better artist or a more critical body of work to be the first exhibited in our new gallery at 980 Madison, a building he showed in just over 60 years ago,” Gagosian said in statement, referring to a 1965 Duchamp show at the Cordier and Ekstrom Gallery in 1965. (Calvin Tomkins reviewed it for the New Yorker.)

In a recent interview with Elle Decor, Gagosian said that “it was pretty devastating” to be forced out of 980 Madison, but that the gallery was fortunate to have “the resources to make a move like this.” In 2013, the gallery opened a bookstore and modestly scaled exhibition space on the ground floor of the building that this new venue expands on.

Marcel Duchamp, Fountain, (1964) (after 1917 lost original). Porcelain, glaze, and black paint. © Association Marcel Duchamp/ADAGP, Paris/Artists Rights Society (ARS), New York 2026. Photo: Owen Conway. Courtesy Gagosian

The Duchamp show will feature readymades that the artist created in 1964 with the help of the Italian art dealer Arturo Schwarz. (Many of his original readymades were lost or damaged in the decades after he made them in the 1910s.)

The show will include Duchamp’s famed Bicycle Wheel (1964, after 1913 lost original), which is “the only surviving example not currently in the collection of a major international institution,” according to the gallery, as well as a version of Fountain and a Boîte-en-valise (1935–49; contents 1935–41). Most of the featured pieces are from editions of eight, with varying numbers of works outside the edition.

Marcel Duchamp, Porte-chapeau (Hat Rack), (1964) (after lost 1917 original). Wood. © Association Marcel Duchamp/ADAGP, Paris/Artists Rights Society (ARS), New York 2026. Photo: Owen Conway. Image courtesy Gagosian

The record for a work by Duchamp at auction is $11.4 million (€8.9 million), according to the Artnet Price Database. That was set for Belle haleine–eau de voilette (1921), a sculpture sold at Christie’s Paris in 2009 from the storied collection of Yves Saint Laurent and Pierre Bergé.