.New York dealer Per Skarstedt will definitely relocate in to a Chelsea area that formerly housed Cheim & Read, a gallery that shuttered in 2014 after 26 years in business. Skarstedt will certainly continue to operate his Upper East Side area on East 79th Street, according to Kenny Shachter, who initially mentioned the news in his Artnet pillar. Skarstedt, whose roster includes artists like Eric Fischl, KAWS, David Salle, and also Martin Kippenberger, has protected a $13.5 million offer to relocate in to the West 25th Street picture site.
The 6,000-square-foot structure, made through designer Richard Gluckman, was actually noted for $15 million in May. The step is a large change for Skarstedt, which are going to now be actually closer to a number of its peers. Skarstedt also has a picture in Greater london.
His gallery’s development comes as many others are actually leaving Chelsea. Before couple of years, a lot of galleries have departed for Tribeca, where a vast network of rooms is actually now sited. That community currently hosts galleries such as James Cohan, Andrew Kreps, and also P.P.O.W., every one of whom were actually Chelsea essentials prior to relocating downtown.
The turn over has enabled some new entrants to open up shop in your area. Kurimanzutto, David Kordansky, Nara Roesler, as well as others have all opened Chelsea galleries before five years, with Aura readied to follow recently. A Skarstedt agent did certainly not respond to ARTnews’s ask for comment.