Reading a Gallery Roster Like a Portfolio Manager
Every gallery is a fund. Its roster is the fund’s holdings. If you can’t read it the way you’d read a 13F, you shouldn’t be buying from it.
Gallery Consolidation Is Almost Finished. The Next Phase Is Worse.
The mega-galleries have absorbed the mid-tier. The next wave won’t be mergers — it’ll be the slow winnowing of the ecosystem that made the megas possible.