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Pace Gallery, one of the art world's most prominent institutions, announced Thursday that it is cutting approximately 50 artists from its roster and laying off around 50 staff members in what CEO Marc Glimcher called a rejection of the mega-gallery…

Jeff Koons has returned to Gagosian Gallery after departing the mega-dealer four years ago for an exclusive partnership with Pace, marking a dramatic reversal for the world's most expensive living artist. Gagosian announced the reunion on August 27, confirming Koons…