Lawrence Gilbert “Larry” Gagosian (born April 19, 1945) is an Armenian American art dealer and owner of the Gagosian Gallery chain. Known for collaborating with major collectors like Douglas S. Cramer, Eli Broad, and Keith Barish, Gagosian gained a reputation for curating museum-quality exhibitions of contemporary art.
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Larry Gagosian Net Worth
Larry Gagosian has a net worth of $600 million and is a dominant figure in the international art world. In 2011, ArtReview ranked him fourth in its list of the most powerful people in art. Robert Longo featured Gagosian in his iconic ‘Men in the Cities’ series.
In 2022, The Financial Times named him the most important art dealer in the world. Gagosian’s influence spans decades, and he remains central to shaping the careers of leading contemporary artists globally.
Early Life
Larry Gagosian was born on April 19, 1945, in Los Angeles, California, the only son of Armenian parents. His mother, Ann Louise, was an actress and singer, while his father, Ara, worked as an accountant and later a stockbroker.
His grandparents, originally named Ghoughasian, immigrated from Armenia. Both Gagosian and his parents were born in California. From 1963 to 1969, he studied English literature at UCLA, graduating in 1969.
Career
In 1978, Larry Gagosian opened his first gallery on La Brea Avenue in West Hollywood, showcasing young Californians like Vija Celmins and Chris Burden, and New Yorkers like Eric Fischl and Cindy Sherman. That year, he also bought a loft on West Broadway in New York, across from the Leo Castelli Gallery.
Leo Castelli introduced him to Charles Saatchi and Samuel Newhouse Jr. In 1979, Gagosian co-presented David Salle’s first exhibition with Annina Nosei. In 1982, they also exhibited Jean-Michel Basquiat in Los Angeles, where Basquiat worked in Gagosian’s Venice studio.
Personal life
Larry Gagosian was briefly engaged to Catherine Kerr, a dancer. In 2021, he began a relationship with artist Anna Weyant, but by 2024, ArtNet News reported they had separated.In 1988, Gagosian purchased the Toad Hall estate in Amagansett, New York, featuring an 11,000-square-foot house designed by Charles Gwathmey for François de Menil. In 2009, he commissioned Christian Liaigre to design a home in Flamands Beach, St. Barths.
In 2010, he bought a 5,700-square-foot Holmby Hills estate from David Bohnett, originally designed by A. Quincy Jones for Gary Cooper, for $15.5 million. In 2011, he purchased the Harkness Mansion at 4 East 75th Street in Manhattan for $36.5 million.
Who is the Most Powerful Art Dealer in the World?
Larry Gagosian is frequently cited as the world’s most powerful art dealer. His extensive gallery network, ability to broker monumental deals, and influence over the global art market underscore his unparalleled position in the industry.
Conclusion
Larry Gagosian’s journey from selling posters to establishing an unrivaled gallery empire encapsulates the pinnacle of success in the art world. With a net worth of $600 million and a reputation as the most powerful art dealer globally, Gagosian’s legacy is a testament to the profound impact one individual can have on the cultural and financial dynamics of the art market.
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FAQs about Larry Gagosian
- How did Larry Gagosian start his career in art dealing?
- Gagosian began his career by selling posters near UCLA, gradually moving into the contemporary art market.
- What makes Larry Gagosian a pivotal figure in the art world?
- His visionary approach to art dealing, global gallery network, and ability to broker significant art transactions have made him a pivotal figure.
- Has Gagosian faced any controversies?
- Yes, Gagosian has faced controversies, including legal challenges and accusations of unethical business practices.
- What sets Gagosian Galleries apart from other art galleries?
- The global reach, exclusive artist representations, and high-profile exhibitions set Gagosian Galleries apart.
- What is the future outlook for Larry Gagosian and his galleries?
- With continuous expansion and a keen eye for the evolving art market, the future outlook for Larry Gagosian and his galleries remains promising.
