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Art World Giants Unite for Secondary Market
2 Dec
Summary
- Pace Gallery, Di Donna Galleries, and Sotheby's exec partner for new venture.
- The new firm, PDS, will focus on secondary market art sales.
- PDS aims for a global scale, launching a space in 2026.
In a significant move reflecting shifts in the art market, Pace Gallery, Di Donna Galleries, and Sotheby's executive David Schrader have announced the formation of Pace Di Donna Schrader Galleries (PDS). This new boutique enterprise will concentrate on secondary market art sales, an area where major players are reportedly scarce.
PDS is set to operate on a global scale, with plans to open a physical space on the Upper East Side in summer 2026. The venture aims to provide an alternative to art auctions by offering curated sales across various genres and time periods, from Impressionism to contemporary art.
The collaboration brings together extensive experience, with Pace contributing its global network and historical artist relationships, Di Donna specializing in Surrealist and Modern art, and Schrader bringing a strong background in private sales and finance from Sotheby's.
