artnet: What do a filmmaker, hedge fund manager and tech company founder have in common? They are all part of the new board of Gagosian

In an unprecedented move for a commercial gallery, Gagosian has formed a new board of directors. The group of 20 people, which includes personalities from the worlds of cinema, finance and art, will offer“a strategic vision and advice for the gallery”, according to an advertisement.

Board training is in the form of questions-and persistent rumors-around the dealership Larry Gagosian’s succession plan looms. Gagosian, now 77, has overseen the gallery since its founding in 1980.

That will remain the case, it seems. The new Board of Directors will serve strictly in an advisory capacity, will meettwice a year. (The first meeting was held in May of this year.)None of its members holds a stake in the company as Gagosian retains 100% ownership.

Board members will be paid for their work, although a gallery spokesperson declined to comment on how much.

“My goal in assembling a board was to raise the bar for the gallery’s strategic thinking and vision for the future,” Gagosian said in a statement. “I felt it was important to welcome different perspectives and experiences into a conversation about the opportunities and challenges facing artists of today and tomorrow, as well as the future of the collection. “

Larry Gagosyan. (Photo by Taylor Hill/FilmMagic)

The board includes eight internal members, including Mr. Gagosian, and 12 members from outside the gallery. Among the latter group are Snap Inc. founder and CEO Evan Spiegel, billionaire hedge fund manager J. Tomilson Hill, lost in translationdirector Sofia Coppola and Gagosian artist Jenny Saville

Andrew Fabricator, a veteran of the art world who signed as COO of Gagosian in 2018, is owned by the in-house member collection, as is creative director Alison McDonald. The remaining positions are held by senior directors Kara Vander Weg (based in New York), Serena Cattaneo Adorno (Paris), Nick Simunovic (Hong Kong) and Stefan Ratibor and Millicent Wilner (both in London).

A representative noted that Gagosian selects each board member himself, with the goal being to build a team with “different perspectives and experiences”.

“We have brought together many of the most talented minds in their respective industries, a number of whom have specific experience at the intersection of their craft and their art,” the merchant explained. “Their insights can help us validate our priorities and how we position the business for success and growth.”

The long-term future of the Gagosian Gallery has long fascinated the art world. Unlike top-notch rivals David Zwirner and Marc Glimcher, who both come from art dealer families and are also much younger, Gagosian, who has no children, has always been alone at the top of his company.

Industry speculation about the dealer reached a new level this fall as rumors spread through the art world like wildfire that French luxury holding company LVMH and its owner, the mega-collector Bernard Arnault, planned to buy the whole company. Gagosian has repeatedly denied the story.

Follow Artnet News on Facebook:

Want to stay one step ahead of the art world? Subscribe to our newsletter to receive breaking news, revealing interviews and incisive reviews that move the conversation forward.

Back To Top