Part of an exhibition by Sol LeWitt and Zhang Xiaogang at the Pace Gallery in Beijing, which recently closed. Its American owner says the US-China trade war was the last straw in what was already a difficult business environment. Photo: Darbu Photography Studio
US-China trade war blamed for Pace Gallery Beijing’s closure, but is it last straw for art market? Two views
- It’s impossible to do business in China, American art market grandee Arne Glimcher said of his Pace Gallery closing in Beijing, with trade war the latest blow
- Another gallerist whose space in Beijing recently closed also cites threat of tariffs, but a veteran art dealer in China says business has never been so good
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US-China trade war
Part of an exhibition by Sol LeWitt and Zhang Xiaogang at the Pace Gallery in Beijing, which recently closed. Its American owner says the US-China trade war was the last straw in what was already a difficult business environment. Photo: Darbu Photography Studio