Well, I would say the great days of gallery posting are definitely past, but a person with the right knowledge set and 10-20k$ to invest could still extract a middle class living out of it. It just would be much more dull work and much less fun than it was 2-3 years ago. Could an inexperieced person do it working from a cold start? Well, lets just say I haven't seen it.
But, if you combine gallery posting with a distributed set of business activities, you can usually extract a useful amount of profit from it.
There are 'corporate' type groups of professional gallery builders and posters that work by the numbers, they get a 50-100% margin out of posting and they can survive okay on that. But those types of groups seem to be reducing in numbers these days too. Non-U.S. and non-western-european posters seem to be increasing the fastest.
I'd hate to try living off gallery posting profits alone, but I'm easily bored, I like a little variety in my day to day worklife.
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