Everyone knows the market will come down. When you are dealing with young artists, the numbers have got to work. The big boys will survive. I think everything is on hold right now. In the next year and a half, you will see a lot of change.
Most Chelsea galleries are on five-year leases, so they have two more years before they come up.
Galleries such as Sonnabend who own their spaces will survive. Guys that came in later will suffer. After the next five years, a new zone for galleries will probably appear. Probably Brooklyn or Queens, but it won t happen for five years. Next year will be very interesting.