Gagosian exits locations in Basel and London’s Burlington Arcade
Tim Schneider | The Art Newspaper | 31st July 2026
After the mid-year art auctions, some market observers suggested a rebound in confidence following several years of subdued results. Others are less sure, though, pointing to large “estate” sales that had boosted turnover. Now, Gagosian has announced it is closing two of its galleries, joining two other large galleries which have also recently trimmed their real estate. Some will see this as confirmation that the boom times are gone, feeding anxieties that younger collectors just aren’t into fine art.