In 2018 José Freire of Team Gallery announced through Artnet that he was “quitting art fairs” citing the corporatization of the art world. Degrowth, as it has been proposed to western markets and production is a clear plan, it’s the psychology that cripples its application in a growth-based society.
Over the past year multiple significant New York galleries that have been in business for over 10 years have announced closures. These announcements come via social media as clients, dealers, and artists all take part in adding a “thank you”, broken heart emoji, or a preemptive “looking forward to the next chapter”.