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Thursday, March 21, 2019

Gagosian Gallery to Pay $4.28 Million in Back Taxes

Gagosian Gallery. Gagosian Gallery. Wikimedia Commons

The Gagosian Gallery, which operates sixteen gallery spaces across the globe, will pay $4.28 million in back taxes to New York State. According to  Eric T. Schneiderman, the New York State Attorney General, the gallery failed to pay sales tax on hundreds of art transactions between 2005 and 2015. The settlement was the largest ever reached by the Attorney General’s office in a case involving an art gallery. Gagosian, which represents, Jeff Koons, Anselm Kiefer, and Richard Serra, brings in tens of million of dollars a year.

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