President of the international Pace Gallery
It’s been a momentous year for Marc Glimcher, president of Pace: not only is the gallery celebrating its 50th birthday, but it’s doing so all on its lonesome, having demerged the Pace Wildenstein partnership Glimcher’s father, Arne, forged 17 years ago with Old Master and Impressionist specialists Wildenstein & Company. The split was seemingly amicable; Arne explained it simply as ‘We are not exchanging clients in the way we once were’ (although hundreds of millions of dollars are said to have exchanged hands by way of buyouts and inventory division).
Marc (whose wife Andrea has also long been involved in the family business) has used this period of transition to investigate new ways of operating – see revamped website and artist-developed apps – mentioning that ‘the idea of (gallery) networks is just now taking root’. That said, bricks and mortar are still important: Pace added a fourth New York gallery space to its holdings in September, maintains a fairly autonomous operation in Beijing, has a newly appointed representative in the Middle East and is developing plans to expand to Shanghai and Hong Kong.