Why Do So Many Art Galleries Lose Money?

James Tarmey | Bloomberg Business | 31st July 2015

Art gallery profitability might sound like a dry topic. However it is an important determinant of the health of the art sector because galleries are pivotal in providing support for working artists. A forthcoming book argues that the art market is antiquated and that relatively few galleries are strongly profitability. The proposed remedies are nothing if not provocative, including paying gallery staff more and artists less.