The Pace Gallery and Wildenstein & Co. Inc. announced today that they are amicably dissolving PaceWildenstein, the joint venture they formed 17 years ago, and the Pace Gallery will again operate independently.
For many years prior to officially joining forces, Wildenstein & Co. Inc. and The Pace Gallery had collaborated on a number of contemporary art projects and shared a deep respect for one another. In 1993, under the direction, respectively, of Guy Wildenstein and Arne Glimcher, the two galleries agreed to formalize their association.
The companies have determined that their respective business interests have changed and Arne and Guy, along with their sons Marc and David, jointly stated, “Our families will always remain friends, and we do not exclude any future collaboration that would be to our mutual benefit.”
Wildenstein & Co. Inc. is internationally renowned for its fine arts business headquartered for over 75 years at 19 East 64th Street in New York City. “Since the firm was founded in Paris in 1875, five generations of Wildensteins have dealt in masterpieces of European and American art, from Giotto, Leonardo da Vinci and Michelangelo to Monet, Mary Cassatt, Cézanne, Bonnard and Picasso, and we continue in this tradition,” said the gallery’s President, Guy Wildenstein. A great number of celebrated works of art in major collections and art institutions throughout the world have come from Wildenstein & Co., which will remain the purveyor of the finest examples of works from the Renaissance to the present. Wildenstein, which is publishing the catalogue raisonné of Jasper Johns, will pursue its interest in contemporary art through its core strengths of scholarly research and dealing in the secondary market.
PaceWildenstein will resume using the name The Pace Gallery, which it was given when founded in Boston in 1960. There the gallery presented early exhibitions of Pop artists including Andy Warhol, Jim Dine, and Claes Oldenburg, among others. In 1963, Pace moved to New York City and it continues to present important exhibitions of contemporary art as well as scholarly presentations of artists such as Picasso, Dubuffet, Calder, Rothko, and Martin.
Today the gallery operates three venues in New York City: 534 West 25th Street, 545 West 22nd Street and its headquarters at 32 East 57th Street as well as Pace Beijing which opened in the historic 798 district of the Chinese capital in August 2008.
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