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Powerhouse gallery Gagosian has formed an advisory board of directors from the ranks of the art world’s elite, a move that signals long-term planning in an industry where galleries rarely outlive their impresario founders.
The gallery’s 77-year-old founder, Larry Gagosian, said Wednesday that he’s not retiring anytime soon, but he wants to do whatever he can to give his company a fighting chance in the long run—and creating a board could help, he said. The 20-member board he formed earlier this year will advise him on strategic and financial decisions. He said he retains ultimate say.
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