Speaking to The Korea Times during the opening of Correspondence: Lee Ufan and Mark Rothko at Pace’s Seoul branch, CEO Glimcher was in a philosophical mood. ‘Artists are creating something that’s purely of the spirit, but we’re hoping someone will actually spend money on it. And that’s because money is a symbol of reality, while art represents something beyond it. We’re essentially trying to exchange one for the other.’ To sell the spirit of 132 artists, collectives and artist estates, you need a lot of real estate. Following the establishment of its us home (two addresses in New York, where it is headquartered, and one in la), Pace expanded into Asia 16 years ago, first to Beijing (since closed) and then to Seoul and Hong Kong (it also has galleries in London and Geneva). This year it opened a Sou Fujimoto-designed space in Tokyo, giving a local home to Japan-based gallery artists Yoshitomo Nara, Lee Ufan and TeamLab. Pace Tokyo, however, used its new three-storey gallery to first show the paintings of Maysha Mohamedi, followed by those of Arlene Shechet.