Jeffrey Deitch isn’t the only New Yorker making a move on LA’s art scene. In September L&M Arts launched a new gallery at a former power plant in Venice, with local hero Paul McCarthy’s first gallery exhibition in his hometown in more than a decade. Speaking of the move, Lévy recently stated that she ‘felt that the old, postwar pole of Paris–New York had become Berlin–Los Angeles’. Like many of the galleries that have been able to expand through the recent economic chaos, Lévy and Mnuchin (a former equities trader and director of the New York Stock Exchange) split their operation between the secondary and primary markets, with the LA space their biggest statement yet of an intention to dominate the latter in the way they already dominate the former.