Since the Brexit referendum, Paris' prestige as a new European art market capital has grown steadily.
Next October, the first edition of a Paris Art Basel will replace Fiac.
International galleries were looking for suitable premises: David Zwirner moved to the gallery district of the Marais, where the Galleria Continua also recently settled.
Above all, the area around Avenue Matignon became the new epicenter of art.
Christie's, Sotheby's and Artcurial have their headquarters there. The Gagosian mega gallery was joined by Perrotin, Kamel Mennour, Skarstedt, White Cube and Mariane Ibrahim, among others.
It was foreseeable that the Swiss gallery Hauser & Wirth, which is one of the largest international dealers with seventeen locations, some of them museum-sized, on three continents, would like to gain a foothold in Paris.
The new address at 26 bis, Rue François 1er lies between the Champs-Élysées and the Seine, just outside the golden gallery radius of the Matignon district.
An exhibition area of 800 square meters will open behind restored Haussmann facades in spring 2023.