Sorry, but Pace’s cutbacks aren’t the death of mega-galleries

Tim Schneider | The Gray Market | 12th June 2026

Does the Pace Gallery downsizing signal the end of “mega-galleries”? One writer ignores that question and goes for the jugular: “Pace … is built around a fantasy of endless growth and hype and the assumption that bigger automatically means better.” Just as unsettling for market watchers are comments from an art market observer that NextGen collectors may have different tastes to current norms. They have a “distrust of institutions” and their passions little known … perhaps custom skateboards?