Recent London Gallery Closures Show Struggle at Art Market’s Middle

Ever since the global financial crisis of 2008 and the art market’s subsequent decline a year later, the middle market has come under increasing pressure. According to economist Clare McAndrew’s Art Market | 2017 report, the middle market—defined for dealers as works priced between $5,000 and $50,000—is the “most difficult segment” in which to operate. […]