Norman Foster Gallery Bets Millions on Scruffy N.Y. Art Scene

Source: www.bloomberg.com
Peter Sung / (0) / posted over 2 years ago / flag this / read more
This Tuesday is the private opening the Sperone Westwater Gallery on the Bowery right next to the New Museum in the LES of Manhattan. Bloomberg reports, "When the new home of Sperone Westwater gallery opens on Manhattan’s Lower East Side next month, it will stand out in every way.
To an area where emerging-art galleries occupy storefronts and cramped walk-up spaces, Sperone Westwater will bring an eight-story sliver designed by Sir Norman Foster with laminated- glass facade, three floors of gallery space and a display room that moves from floor to floor. The price tag could be north of $20 million.
The 20,000-square-foot building, which showcases a blue- chip program led by Lucio Fontana and Bruce Nauman, will add some serious commercial bling to the scruffy emerging-art galleries clustered around the New Museum.
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