Dominique Lévy and Robert Mnuchin, partners since 2005 in L&M Arts, are parting ways. Carol Vogel has the scoop in her New York Times Inside Art column today. Ms. Lévy plans to open up shop elsewhere on the Upper East Side. The Dominique Lévy Gallery will open in the spring. Mr. Mnuchin will continue to helm the gallery that the two ran on East 78th Street as the Mnuchin Gallery.
The pair will continue to be partners in the Los Angeles gallery they started two years ago, which is overseen by Sarah Watson.
Some details about the forthcoming Dominique Lévy Gallery, from its release:
Dominique Lévy Gallery will specialize in masterworks of post-war art and important contemporary art, in both the primary and secondary markets. The gallery will present a program of curated exhibitions that range from thematic historical surveys to showcases of exceptional new work by living artists. It also will focus upon private sales in the secondary market; produce key publications; provide advisory and collections management services; and participate in art fairs internationally.
Before partnering with Mr. Mnuchin seven years ago, Ms. Lévy was the international head of private sales at Christie’s.
As Ms. Vogel notes, things are really topsy turvy at the upper echelon of the art market. Just last week, three top level dealmakers joined forces to create Connery, Pissarro, Seydoux.