As Paris’s artwork market star continues to ascend, the Swiss mega gallery Hauser & Wirth has introduced at this time it should open its first location within the French capital, deliberate for spring subsequent yr.
The gallery will occupy the whole lot of a late Nineteenth-century townhouse at 26 bis rue François 1er within the metropolis’s eighth arrondissement, between Avenue Montaigne and the Champs-Élysées. It’s situated close to Gagosian’s Rue de Ponthieu house, which opened in 2010, however is a few whereas away from the big cluster of blue chip galleries within the Marais district, which embody Thaddaeus Ropac, Perrotin, Chantal Crousel and lately, David Zwirner, which opened its first French location in 2019.
Unfold throughout 800 sq.m and 4 flooring, Hauser & Wirth’s Paris department will embody a six-m-high floor flooring exhibition house and an additional one upstairs on the primary flooring. From 1955 to 2018 the constructing was the headquarters of the radio station Europe 1, one in every of France’s hottest networks. Earlier than that, it was as soon as occupied by the ornamental arts gallery La Maison Decour till the Forties. Hauser & Wirth will lease the house from an funding fund that purchased the constructing in 2018 from Lagardère Group, which personal Europe 1.
Information of the gallery’s arrival is not going to come as a shock to most trade gamers, with the gallery’s co-founder Iwan Wirth saying in an announcement: “We’ve got made no secret that we now have been in search of the right dwelling for Hauser & Wirth in Paris for some years and I’m delighted that the search is now over.” He provides: “Our love for Paris extends past the gallery’s 30 years and matches that of our artists, a lot of whom have already been embraced by the Parisian artwork neighborhood, establishments and collectors who’re very supportive of our programme. On this respect, the town is a pure match for the gallery.”
French, or French-based artists on the gallery’s prolonged roster embody Pierre Huyghe and Camille Henrot, in addition to the property of Louise Bourgeois. It maintains European areas throughout Switzerland, the UK, Spain and Monaco.
Hauser & Wirth’s Paris transfer is the newest signal of renewed artwork market curiosity within the metropolis, which has seen quite a lot of worldwide galleries and advisories open prior to now 5 years. Most lately, Artwork Basel introduced it should launch a brand new industrial occasion this yr, Paris+, pushing out the stalwart Foire internationale d’artwork contemporain (Fiac) from its regular October slot on the Grand Palais. Hauser & Wirth will apply to participate within the inaugural version of the truthful, a gallery spokesperson says.
Information of Paris’s recent art trade boom typically accompanies hypothesis round post-Brexit London’s dwindling place throughout the world market. The latest UBS/Artwork Basel report discovered that the UK’s global share of the art market fell by 3% to 17% final yr, whereas France’s elevated from 7% to eight% throughout the identical interval. Nonetheless, in a transfer probably meant to reaffirm its dedication to Britain, Hauser & Wirth introduced in December it should even be opening a brand new flagship gallery in London on South Audley Road in Mayfair, greater than doubling its footprint within the UK capital.
“Regardless of the disappointments and downsides that got here with Brexit, our artists all wish to present in London. It has such a draw and vibrancy. London is on no account useless by a thousand cuts,” Iwan Wirth informed the Financial Times on the time of the announcement.