Owner of 17 galleries, LArry GAgosian

The man who controls an empire of 17 galleries and 120 artists must confront the ascent of his major competitors David Zwirner, Hauser & Wirth, and Arne Glimcher for the first time in thirty years. The "odds maker" who turned Wall Street and Hollywood into contemporary art discusses his succession David Hockney depicted the scene as it is. Steel-blue eyes that were piercing, assertive fingers, and a marble statue-like impassivity. He gives you a masterful Flemish look. He assesses you with the eye of a horse dealer while seated behind his enormous desk, which is covered in art books. from the knowledgeable merchant's icy gaze, but always open to surprises. Cattle, torn flesh, and mutilated bodies in the Francis Bacon style. What if Larry Gagosian wasn't just a chilly monster who was totally fixated with music? The world's most powerful businessman, known as the "great white shark" in the 1980s, is now 78 years old and enjoys the works of Caravaggio and Jean-Michel Basquiat. As if the market's "bad boy" was prepared to Andrew Fabricator is starting to resemble my right-hand man. He had previously collaborated with me in Los Angeles, Larry Gagosian explains grudgingly in his spacious, spotless office on Madison Avenue, where Picasso and Roy Lichtenstein are enshrined. "Our new art consultancy practice will be led by Andrew Paulson's wife, Laura Paulson, who formerly served as vice president of Christie's for thirty years. However, this operation is entirely independent of the gallery. She will offer advice to estates, museums, and collectors. We will start this exercise as the first gallery, and it will be great fun. A means of pleasing the two major auction houses?Additionally, Christie's and Sotheby's have increased their use of private deals. They are the ones who come to our borders more frequently, counters Larry Gagosian. preparing for succession in the absence of an heir Larry gives respectability, according to the Manufacturer-Paulson pair, who have a great reputation in the business, according to a European rival. In a frequently hostile and profane setting, the pair presents a flawless picture. a means of bolstering his teams in order to get ready for his successorship at the same time that David Zwirner and Hauser & Wirth, his two main rivals, are ramping up their projects in Europe? "I don't have a set strategy, but I want the gallery to carry on after me. That is still up in the air. Experience has shown that some galleries, like Pace Gallery, David Zwirner, or Acquavella, have been able to continue operating after its founding. Acquavella and Zwirner are even third generation. "Larry the Magnificent" responds, "I don't have any kids." Modeled after Lord Duveen Known for his talent for finding influential gallery directors, Larry Gagosian claims to have a management style that is "both flexible and centralized" and has managed prestigious estates (estates of artists) including Stefan Ratibor in London, Pepi Marchetti in Rome, and Serena Cattaneo in Paris. These estates of artists include Alberto Giacometti, Walter De Maria, Helen Frankenthaler, and others. Another indication of the "governance" of the organization's progress is the recently established Advisory Board, which brings together the 24 gallery directors from across the world and convenes four times annually."It proved to be more helpful than I anticipated. I wouldn't be able to be a "control freak" with 250 people working for me in 17 galleries across the world. At night, I wouldn't be able to sleep. But I prefer to be aware of what's happening. His one and only marriage lasted sixteen days and was celebrated in five minutes in Las Vegas. He was a devoted Playboy who never wed again. He just ended his long-term relationship with Chrissie Erpf, the gallery's director, according to the New York Post. Is Larry Gagosian really ready to enter the sector without an heir like his alleged role model, the illustrious British businessman Lord Duveen, whom he calls "the most extraordinary merchant of his time" and who amassed the dynasties' collections of the Frick, Mellon, or Kress at the start of the 20th century? Some scoff at it. He believes he is unstoppable. He always had the upper hand. He has an advanced understanding of the world market, according to Abigail Asher of Guggenheim Asher Associates in New York. The hiring of Andrew Fabrication, however, sends a strong message that management will be improved during the following ten years. According to Parisian gallery director Nathalie Obadia, "He is the only one to have succeeded in creating a real 'brand' in contemporary art, which allows him to have the greatest collectors in the world." "Is having a brand truly beneficial? We are not Coca-Cola; we are talking about art, the interested party responds with a dash of coquetry. According to American writer and art critic Robert Storr, "he never discovered a quality artist. Specifically involved in the secondary market for the resale of works, Larry is a distribution man ["a retail guy"] (1). For Jean-Michel Basquiat, it was "love at first sight" After launching its first exhibition in Soho thirty years ago, Citizen Gagosian is still a mystery. We quiet down when he walks into a room. The man's "aggressiveness" and impatience are well-known. When they ride in an elevator with him, his staff tremble in utter terror. Even the gallery directors talk about it with a mix of reverence and amazement. Larry Gagosian, the son of a Los Angeles accountant and a starlet, started his career in Hollywood as a messenger before moving on to become a secretary at the William Morris Agency (WMA), a talent agency. Office life did not appeal to him, so he started selling "posters" for $20, followed by reproductions of works by photographers Diane Arbus and Lee Friedlander, and then he started reading Picasso biographies. He yelled at us and had a fury. The punk band Sonic Youth's Kim Gordon, who was working with him at the time, said to Artnews, "He was the last guy on earth I would have envisioned being the most prominent art dealer in the world. In the 1980s, Larry Gagosian, who is based in New York's SoHo neighborhood, started to attract attention. His next-door friend Annina Nosei helped him discover a 20-year-old artist; as a result, he unexpectedly purchased three paintings by Basquiat for $3,500 apiece, not realizing that the artist would later sell for a record 110.5 million dollars at Sotheby's. Support for Leo Castelli Everything will change for him after he meets Leo Castelli, a businessman from New York. She is mentored and protected by the man who united America and Europe. He was introduced by photographer Ralph Gibson. We have developed into really close friends. He appreciated how I did things. Larry Gagosian acknowledges, "He allowed me access to his artists. He was sitting on a gold mine. According to Antonio Homem, director of Sonnabend, "Castelli was a gallery of artists, whereas Gagosian is a gallery of collectors" (Leo and his Circle, Alfred A. Knopf Ed, 2010), the distinction between the two is that Castelli was an art gallery and Gagosian was one. The veteran smuggler from the Austro-Hungarian Empire is seduced by the Californian "bad boy" of Armenian descent thanks to his bravado. "Despite coming from very different worlds, they bonded and supported one another. Leo Castelli had not been able to place Cy Twombly till Larry Gagosian helped him do so, according to Annie Cohen-Solal today. He became the preferred dealer of oligarchs and hedge fund managers, including David Geffen, Steve A. Cohen, Aby Rosen, and Roman Abramovich, with the support of publisher Samuel Irving Newhouse, the famous head of Condé Nast, and real estate mogul Eli Broad. The "collectors' merchant" favors the star system but maintains a low profile. Jean Pigozzi, Wendi Murdoch, Tom Wolfe, and other celebrities attended his Madison Avenue vernissages. He exerted every effort to get Patti Smith and Bob Dylan to display their artwork at his gallery. Even at Mr. Chow, her preferred eatery in Manhattan, Robert Mapplethorpe's muse sung for her on the occasion of her 70th birthday. When "Go-Go" brings education He makes an assumption. He frequently claims that the art market has "completely benefited from globalization." With a network of 17 galleries worldwide and an estimated $1 billion in annual sales, he understands how to treat his artists well by giving them the use of his Bombardier aircraft on occasion. This has frequently been exploited by Cy Twombly between his birthplace Virginia and Italy. A testament to his influence is the fact that the Tate Britain or the MoMA are willing to lend him their finest examples of Picasso and Bacon for his "museum" displays. Gagosian's stable comprises a number of artists who are among the most well-known or in-vogue (Richard Serra, Jeff Koons, Damien Hirst, Urs Fischer, Richard Prince, Jeff Wall, etc.), notwithstanding the occasional brief defections. One of his competitors slyly remarks, "He can recognize trendy artists. He does, however, occasionally know when to take chances while interacting with the unpredictable Sterling Ruby or the American-African Helen Gallagher. Depending on his opponents, he still harbors fantasies of taking home the Jasper Johns, Gerhard Richter, or David Hockney awards. While this is going on, "Go-go" is gathering momentum since Gagosian "shares" Murakami with David Zwirner, Hauser & Wirth, and Emmanuel Perrotin, all of which have chosen to pursue international expansion strategies. He sees his status as a trailblazer as being validated by the decision of his fierce adversary David Zwirner to open his gallery in Paris in October. It's a vote of confidence for Paris' position on the art market despite the fact that there are more rivals today. However, some question whether the Rainmaker contributed to the massive speculative bubble. A tax adjustment, followed by a transaction, in 2003, and a bitter legal dispute with The Matrix producer, billionaire Steven Tananbaum, who chose to sue Larry Gagosian and Jeff Koons for the failure to deliver three sculptures, for which he would have paid 13 million dollars in installments, were among the setbacks. In September, Larry Gagosian filed an appeal in opposition to the judgment rendered by the New York State Supreme Court regarding the complaint's admissibility. One may see clouds over Hong Kong. With the recent opening of an eight-story structure by the Pace Gallery in New York and the megacomplex of Hauser & Wirth in Los Angeles, Larry Gagosian is still dubious about the race for gigantism among dealers. As part of a "very large renovation" of his gallery on 24th street in New York, he will take over the former spaces of Mary Boone and the Pace Gallery. Mary Boone was sentenced to thirty months in jail for tax cheating in February. "It's more of a renovation than an extension in the strict sense," he claims. It doesn't always seem like a smart idea to me to race for gigantism. There is a cap on how much the general population can take in. By adding more areas, there is a chance that a gallery would lose its character.But wasn't he among the first to succumb to gigantism in 2012 at Le Bourget in Paris? It is really different. Since Charles Lindbergh's arrival, the area has a rich history. I developed a fondness for this airport, which makes me think of the "Casablanca" film. And I got the opportunity to work on this project with my good friend Jean Nouvel. The exhibition Simon Hanta, whose estate Larry Gagosian has recently taken over management of, will be held there for the Fiac seven years after Anselm Kiefer first opened the area. "Estates and foundations are a chance to present the major artists of the last century to a wider audience," despite the fact that my primary focus is in working living artists. Larry Gagosian, perched in his armchair on Madison Avenue, finds it amusing that he attracts attention. The record collector dismisses Cassandra's warnings despite there being a "clear slowdown in China" -- a country that was still a significant force just two years ago. "It is too soon to predict whether London would suffer from Brexit. There are currently no overt indicators. He worries more about Hong Kong, where he was a trailblazer. But hopefully it won't spiral out of control. I'm an optimist, so I believe they can coexist with China. He doesn't really think that a bubble will burst, despite the indications of a downturn. Major works continue to be in high demand and command very high prices. Since most sales occur as private transactions, auctions don't actually reflect what's going on in the market. He most regrets? having sold the portrait of him created by Cy Twombly's favorite artist, Jean-Michel Basquiat, in the 1980s. "I sold it foolishly. It's in a French collection, I think. I rushed the sale of my Basquiats. I should have saved more because I knew he was brilliant. It's one of my biggest trading career regrets. The future of his personal collection, which is estimated to be worth over $1 billion, is another contentious issue that surrounds his legacy. I've not made a decision yet. I still like watching it develop, says the person who debuted some significant works in 2010 in Abu Dhabi, including works by Robert Rauschenberg, Edward Ruscha, Richard Serra, Cy Twombly, Andy Warhol, and Christopher Wool. But in a 2018 videotaped interview, collector Glenn Fuhrman made it apparent that, unlike Eli Broad, he would prefer to leave his collection to an organization rather than create his own museum. The desire to emulate Lord Duveen, who contributed to funding the Turner wing of the London Tate Britain? Five Important Gagosian Empire Dates 1980: His first gallery in Los Angeles opens, and he starts showing works by Frank Stella, Eric Fischl, and Cindy Sherman there. 1985: David Geffen, Samuel Irving Newhouse, and Charles Saatchi become his principal clientele after the opening of his first gallery in Chelsea, New York. 1989: Larry Gagosian opens a brand-new gallery with dealer Leo Castelli at 65 Thompson Street in SoHo. After London, Rome, and Athens, his gallery at Paris's Rue de Ponthieu opened in 2010. April 2019: The announcement of the appointment of Laura Paulson (ex-Christie's) as the new CEO of Gagosian Art Advisory LLC and the appointment of Andrew Fabrication as the gallery's COO. Breakthroughs made by Larry Gagosian $17,105 million Jasper Johns' False Start, which he acquired in 1988 for collector Samuel Irving Newhouse. A record for a living artist, Hanging Heart by Jeff Koons was purchased by Larry Gagosian in 2008 for $23.6 million. At Art Basel 2019, the Jeff Koons piece Sacred Heart was sold on the Gagosian booth for $14–15 million. seen in m a gazine Les Echos. © Gerard Van Weyenbergh - vwart.com