Van de Weghe Trumps Recession: Buys Upper East Side Townhouse
Van de Weghe, via Artinfo
New York art dealer Christophe Van de Weghe has purchased a 9,000 square foot five-story townhouse on Manhattan’s Upper East Side. He plans to use some of the space as a showroom for art, open by appointment only.
The building, located on East 78th Street between Madison and Fifth Avenue, requires a gut renovation. Construction is expected to last two years.
Van de Weghe specializes in big-ticket secondary market artworks by Basquiat, Warhol and other artists. He operates from a gallery at 1018 Madison Avenue, home to other major art merchants including the Richard Gray Gallery and Mitchell-Innes & Nash.
Earlier this year, he subleased a ground-floor gallery space he owns at 521 West 23rd Street in Chelsea to photography dealer Stephen Kasher. Van de Weghe used the space as a gallery until this summer.
[...] recession, right? Except, in New York we’re seeing galleries continue to open and expand. Lindsay Pollock reports this morning that private dealer Christian van de Weghe just bought a 9000 square foot [...]