""We are the only major gallery whose founding partners are auction veterans, and we are leveraging this experience and knowledge for the benefits of both buyer and seller," said co-founder Brett Gorvy."
"The filings reveal total gallery debts of £7.8 million ($10.6 million), highlighting the financial risks artists face when galleries fold."
LGD Hammer, a new live-bidding platform by Lévy Gorvy Dayan, aims to combine private sales' exclusivity with auction competitiveness. The first sale on May 16 will showcase a Willem de Kooning painting valued between $10 million and $15 million. Artists Alexandre Diop, Deborah Roberts, and Kehinde Wiley face financial losses due to the collapse of Stephen Friedman Gallery, collectively owed over £790,000. Zoe Leonard has transitioned from Hauser & Wirth to Maxwell Graham, while other galleries have made notable artist acquisitions and partnerships.
Read at Artnet News
Unable to calculate read time
Collection
[
|
...
]