As the Fall Art Season Opens, New York Galleries Stay Stubbornly Optimistic

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A Fair Reset

The current market has a way of sorting the good businesspeople from the bad—or at least rewarding those who’ve exercised restraint. “It is a time for caution and revisiting every single art fair and art fair expense and travel and entertainment,” dealer Alexander Gray told ARTnews. Gray added that he is scrutinizing “every budget line,” though that practice predates the current market. That’s been their modus operandi since completing a two-year small-business management program shortly after founding his eponymous gallery in 2006. 

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