On the heels of its third version, the Impartial twentieth Century truthful introduced on Monday (8 September) that it’ll relocate subsequent yr to the Breuer Constructing, quickly to turn into the New York headquarters of Sotheby’s public sale home. The truthful will even shift again by three weeks, going down 24-27 September.
The constructing was designed by Marcel Breuer for the Whitney Museum of American Artwork, and the Modernist landmark later served as an outpost for the Metropolitan Museum of Artwork after which the non permanent residence of the Frick Assortment whereas the establishment’s Beaux-Arts mansion on the Higher East Facet was underneath renovation. In 2023 Sotheby’s introduced it had acquired the constructing, reportedly for $100m. As a result of lots of the inside areas are landmarked, Sotheby’s has made restricted and refined renovations led by the agency Herzog & de Meuron, and is ready to formally open the brand new headquarters on 8 November—simply in time for the marquee autumn public sale.
“That is greater than a brand new venue location, it’s an emblem of how we want to think about unforgettable exhibitions of the twentieth Century for a well-informed viewers and for a brand new era of collectors,” Elizabeth Dee, the truthful’s founder and chief government, stated in a press release.
The brand new location will permit Impartial twentieth Century to assist greater than 50 galleries, she added. In earlier years and final week, the truthful has hosted round 30 exhibitors Casa Cipriani, positioned contained in the Battery Maritime Constructing within the Monetary District.
The association between Impartial and Sotheby’s is a singular one within the artwork world, the place business gala’s and public sale homes function in numerous areas of the identical business. Dee informed The New York Instances neither get together is “taken with a landlord-tenant relationship”.
“We obtained in a room, began speaking about all of the issues which can be working and never working in tradition, and we’re all aligned when it comes to tips on how to work collectively to maneuver ahead and innovate,” Dee informed the Instances.
Each gala’s and public sale homes are going through financial headwinds, because the artwork market stays tender in comparison with the growth in 2021 and the pre-pandemic years. In keeping with Artwork Basel and UBS’s most up-to-date Artwork Market Report, gross sales at dwell occasions like gala’s accounted for 31% of seller gross sales in 2024, in comparison with 42% in 2019, and Sotheby’s gross sales dropped by 23% final yr.
The announcement of Impartial twentieth Century’s transfer comes simply weeks after Impartial introduced its up to date artwork truthful will relocate from Spring Studios in Tribeca to Pier 36 on Manhattan’s Decrease East Facet subsequent Could.
