Larry Gagosian Isn’t Losing Much Sleep Over the Great Wealth Transfer

During a talk at the Parrish Art Museum in the Hamptons last week, mega-dealer Larry Gagosian was asked for his predictions on whether an enormous amount of art could hit the market in the coming years as aging boomers die and their collections pass to their heirs. Bloomberg recently put the potential haul at around $1 trillion and warned that younger generations may have little interest in keeping what their parents collected.“I guess the worry is that it will push prices down,&