The economist Don Thompson, author of The $12m Stuffed Shark, estimates that Gagosian employs more than 150 staff worldwide and that the gallery makes annual sales of around $1.1bn, or $20m a week. So in one rough estimate, other overheads and commissions notwithstanding, Gagosian Gallery earns in a week almost double its annual property costs.
Was there ever any doubt?
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bypriceles answered:
the more i know, the less i understand.
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