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Top Galleries, Famous Artists Got Millions in U.S. Bailout Loans

  • Gagosian, Zwirner galleries, artist Koons are among recipients
  • Data lists 14 art dealers that got as much as $5 million
Gagosian Gallery in New York
Gagosian Gallery in New YorkPhotographer: Joe Buglewicz/Redux
Updated on

Some of the world’s biggest galleries and the most expensive living artist received millions of dollars in U.S. federal relief loans for small businesses.

Gagosian, David Zwirner, Pace and Hauser & Wirth were among the largest recipients of aid to more than 3,000 entities listed in the “art dealers” category, with each getting aid in the range of $1 million to $5 million, according to data released by the Small Business Administration on Monday. Large artist studios including that of Jeff Koons also got federal assistance.