Mega Gallery Pace is Dropping Some 50 Artists, 50 Staff in ‘Model Correction’

Pace Gallery, a mega gallery with seven locations worldwide, is laying off some 50 staff and dropping about 50 artists.In a statement to ARTnews Thursday, CEO Marc Glimcher said that the gallery will now focus its roster on 85 artists, after growing to 135 and will “continue to be a global gallery” with plans to “ground their programs in the character of the local art scene.”“Galleries need a model correction,” he said. “For Pace, this means returning to