What It Costs To Run A (New York) Gallery

“Veteran art dealers report that some big things have changed to make it more difficult, and less profitable, to run an art gallery—even in what’s been, at least for the past few years, a booming market for Contemporary art. Basic expenses are way up, from the proliferation of far-flung art fairs (a slew begin this week in Miami) and rising rent, to climbing insurance and storage costs. A lot else is different, too.”