For the past few years the press has been speculating on seventy-nine-year-old Larry Gagosian’s succession plans for what is regularly estimated as a business with a $1 billion annual turnover (accumulated through the sale of works by the likes of Nan Goldin, Carol Bove and Richard Prince, who each had a show this year in at least one of Gagosian’s 19 galleries around the world). There was talk of Gagosian implementing a corporate structure, but that narrative was thrown into disarray this summer with the ousting of Andrew Fabricant, chief operating officer for the past five years and a rumoured successor. For some, the gallery is already far too financially oriented. Thomas Houseago, upon leaving Gagosian this year, remarked, ‘Is that a warm environment? See the people at the desks? You see the terror in their eyes.’ But Gagosian is also keen to remind people of his own legacy within the industry. Earlier this year he returned to the shop floor to curate Jean-Michel Basquiat: Made on Market Street, an exhibition focused on the work Basquiat created in LA after taking up Gagosian’s invitation to come and stay awhile during the early 1980s.
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