Art Review City speaks with New York dealer Howard Shapiro about opening his gallery, some of his success stories, and his unique approach to the business of art.
“My dream was always to open an art gallery. No other business would allow me to be surrounded by beauty and help artists get the recognition that they deserve.”
– Howard Shapiro, owner of Lawrence Fine Arts in East Hampton, NY
Howard Shapiro spent over two decades as a consumer finance expert on Wall Street at firms including Goldman Sachs and JP Morgan, so his friends and family were surprised when he decided in 2009 to pivot his career by opening an art gallery. But it turned out to be a winning combination: he brought with him an acute understanding of business and finance, and quickly evolved from art startup to standout.
Art was always his passion, but he took a circuitous route to get there. After earning his bachelor’s degree in Comparative Literature and Art History at Yale in 1983, Shapiro was accepted into Yale’s PhD program in Art History, but his parents insisted that he choose a “real” career instead. Art was something nice to look at—and buy when he could afford it—but it wouldn’t support a family. Looking back, he acknowledges that his parents had a point. The art world would have to wait.
The Wall Street life was hectic, so when Shapiro and his wife Esther could afford to start buying for themselves, they originally sought artwork that was calm and soothing and began collecting American Impressionist works. The first work they purchased—and still own today—from a small outdoor craft fair was a … Click here to read more