Larry Gagosian, the renowned art dealer, recently sat down for an interview with Anthony Mason of CBS News. Gagosian discussed his extensive career in the art world and his passion for the business. Gagosian’s gallery empire spans 18 locations worldwide, giving him more exhibition space than most museums.
His annual revenues are estimated to exceed a billion dollars. In 2022, Gagosian made headlines when he placed the winning bid for Andy Warhol’s “Shot Sage Blue Marilyn” at Christie’s auction house. The final price, with fees, was $195 million.
“When you’re bidding at that level, your adrenaline is … it’s very exciting,” Gagosian said. “It’s a brutal business.
It’s a blood sport.”
Gagosian represents over 100 artists and showcases works by masters like Picasso, Warhol, and de Kooning. His clients include billionaire collectors such as Steve Cohen, David Geffen, and Leonard Lauder. Despite his success, Gagosian had no formal art training.
Gagosian’s gallery empire unveiled
He grew up in an Armenian family in Los Angeles and started his career selling posters on the street. In 1981, Gagosian discovered Jean-Michel Basquiat and bought three of his paintings on the spot.
He gave Basquiat his first West Coast exhibition, which put Gagosian’s gallery on the map. Gagosian moved to New York in 1985, knowing it was the center of the art world. He faced initial resistance but eventually forged important alliances, including with the esteemed dealer Leo Castelli.
While some argue that the art market is primarily about money, Gagosian believes passion for art plays a significant role. “If people didn’t love art, they wouldn’t buy it at that level. It’s not just an asset class,” he said.
At 79, Gagosian shows no signs of slowing down. He thrives on the hustle of the art world and enjoys his active role. “There’s no real finish line,” he said.
“I’m not ready to pass the reins. I enjoy it too much.”