In London, a 30-Year-Old Blue-Chip Gallery Expands Amid Stark Drop in Profits

Since 2022, there has been near-constant talk of a soft art market, with the latest UBS Art Basel Report finding that global art sales contracted for the second consecutive year. And yet, it is perhaps a sign of strength—or at least confidence—that major galleries continue to expand. The latest example is Sadie Coles, a pillar of London’s contemporary art scene for nearly three decades. Coles announced in February that her gallery will open a new 6,000-square-foot London locati