"There's a new buzzword circulating in the art trade right now: "strategic pause." Last week, Vienna's Spark Art Fair said it would take a hiatus. Days earlier, Berlin dealer Mehdi Choukri revealed that his 30-year-old gallery would temporarily suspend exhibitions. Last summer, the Art Dealers Association of America's venerable fair the Art Show coined the strategic pause phrase when it said it would skip a year to "reimagine" its future."
"Is pausing a version of "quiet quitting" or is there something more at play? Plus, why New York's Metropolitan Opera is thinking of selling its iconic Marc Chagall murals. And a fresh-to-market Magritte heads to Christie's London. For more need-to-know intel, subscribe now to The Back Room, our lively recap funneling only the week's must-know intel into a nimble read you'll actually enjoy delivered straight to your inbox every Friday."
The art trade is adopting the phrase "strategic pause" to describe temporary halts and skipped seasons. Vienna's Spark Art Fair announced a hiatus and Berlin dealer Mehdi Choukri temporarily suspended exhibitions at his 30-year-old gallery. The Art Dealers Association of America's Art Show skipped a year to "reimagine" its future. Questions arise whether such pauses resemble quiet quitting or represent deliberate restructuring. The Metropolitan Opera is considering selling Marc Chagall murals. A fresh-to-market Magritte is slated for Christie's London. The Back Room newsletter offers weekly concise art-market updates and intel.
Read at Artnet News
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