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Sotheby’s and Pace Gallery In Talks For Significant Partnership: ‘A New Model’
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Sotheby’s and Pace Gallery In Talks For Significant Partnership: ‘A New Model’
Sotheby’s and Pace Gallery are currently negotiating over a deal that would see the auction house make a significant investment in the mega-gallery. While nothing has been inked yet, and the details appear to be very much in flux, a source close to the negotiations told ARTnews that it was not an acquisition, but a “joint venture between Pace and Sotheby’s that will be multifaceted and has many elements. Let’s call it a ‘new model.'” The news,…
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