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Property boom drives out art galleries that changed Manhattan's Chelsea neighbourhood

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.

New York

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...

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