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Rental Revenue Is Keeping Some Art Galleries in the Black

The art market has its ups and downs, but with high fixed costs including rent, salaries, utilities and insurance at big city galleries, a down month with slow or no sales at an art fair booth or gallery exhibition can become a financial catastrophe. Consequently, many gallerists look for “additional revenue streams,” Andrew Schoelkopf, gallerist and former president of the Art Dealers Association of America, told Observer.

Observer     Dec 05, 2023