Art galleries play a unique role in the world of contemporary art. They represent artists and promote their work. But these institutions also do a lot more than that. In addition to promoting and selling their artists’ works, they offer a variety of services, such as book publishing and financial management. This helps artists to focus on their own work and create more money. But how many art galleries are there in the world?
Art Basel estimates there were about 296,000 art galleries and dealers worldwide in 2016. Of those, 40% had annual sales of under $5 million and 40 percent were worth between $1 million and $10 million. More than half of the galleries employed five or fewer people, and just four percent employed 20 or more. But even those with large staff numbers are not immune to closures. So how do you find a quality gallery?
According to the Art Basel website, there were 296,000 art galleries and dealers globally. Of these, only 8% were international and 60% were owned by international collectors. In fact, the biggest galleries have opened branches around the world, and some have even turned their gaze directly toward their clientele. These businesses also have robust publishing arms, fund museum exhibitions, and pursue ambitious extracurricular activities. For example, Gagosian has an art advisory arm, while Zwirner has backed a promising space in New York. Some galleries are starting to set up permanent locations. A gallery in Monaco, for example, employs 20 or more people.
Some of the biggest galleries are also growing, outgrowing the definition of what constitutes an art gallery. While some are simply branching out, others are aiming directly at their clientele. The biggest galleries are opening pop-up spaces in posh vacation destinations. The latter include Gagosian and Richard Prince, and some have opened permanent sites in Monaco. In addition, some galleries have digital extras, such as the Pace and Superblue start-up.
It is impossible to accurately estimate how many art galleries are located in the world. In 2016, there were more than 290 million dealers and galleries. Of these, a quarter of the businesses had sales between $500 and $10 million. In the United States, two-thirds of the art-related business were owned by five or fewer people. Only 4% of art-related businesses employed more than 20 people.
A recent survey found that, in 2016, there were 296,000 art galleries and dealers in the world. While many of these were small-scale, most had sales below $1 million a year. Some larger galleries were more established, with a more diverse scope of work and collections. They often feature works by internationally renowned artists. So, the question remains: How many art galleries are there in the world, and how do they compete with each other?
In 2016, the number of art galleries and dealers in the world increased significantly, according to a report by Art Basel. Some of these galleries have expanded beyond the boundaries of the traditional art industry. The majority of these galleries have a smaller footprint than the big ones. Moreover, their prices are more affordable than those of their competitors. They also offer a wide range of works from emerging artists to famous collectors.
Today, there are large-scale galleries that have outgrown the definition of what an art gallery is. Some of them have a larger presence than other galleries, and they work with established artists. They also work with established estates and artists. They promote artists at exhibitions and art fairs. They choose their clients for their artworks and offer their services. And they are often in a position to be a “one-stop shop” for people who love art.
While the number of art galleries in the world is growing rapidly, the largest ones still remain the most successful and well-known. The most popular galleries are located in cities with large populations, but they are spread around the world. The big ones have an important role in promoting and selling art. Some have even opened permanent spaces in other parts of the world. For example, Hauser & Wirth’s new space in Monaco is a prime example.