Property boom drives out art galleries that changed Manhattan's Chelsea neighbourhood
Mon, Aug 31, 2015 - 5:50 AM
Those that will be able to remain in Chelsea are high-end emporiums - Gagosian Gallery, Gladstone Gallery, David Zwirner (above) - that own their buildings, brokers said.
TEN years ago, a group of seven young art dealers opened galleries in former loading docks on a deserted cobblestone street, helping transform Manhattan's Chelsea neighbourhood into an art destination.
Now, only two of the galleries remain after the rest relocated or...