NEW YORK—Earlier this month, Pace Gallery and Wildenstein & Co. announced that they are dissolving their 17-year partnership as the galleries increasingly pursue separate programs, with Pace focusing heavily on contemporary art and Wildenstein focusing on more-classical art from Renaissance to Impressionist and modern art.
Pace founder Arne Glimcher told ARTnewsletter the split was “amicable.” According to a statement issued by Pace, “the companies have determined that their respective business interests have changed,” but nonetheless “do not exclude future collaboration that would be to our mutual benefit.” Pace Wildenstein will resume using the name The Pace Gallery, under which it operated when it opened in Boston in 1960. Pace moved to New York in 1963.
Glimcher noted that Pace’s gallery in Beijing, which opened nearly two years ago, has had sold-out shows for contemporary Chinese artists Zhang Xiaogang and Li Songsong, and noted that there is a growing collecting base for Chinese art. Whereas collecting in the field used to be mainly outside China, he says, more recent buyers include mainland Chinese, Swiss and Korean collectors.