Inquiry - Re: Gallery Invitation To Exhibit - Artifact Gallery In New York City

Hello Fellow Artists,

I need some advice! I was approached by a gallery in NYC to exhibit my art there. I've done some research on this gallery, and they DO exists! ;-) However, they are a "pay-to-exhibit" type of gallery.....(http://artifactnyc.net).
They require the artist to purchase an advertising package for $1,200-$1,500 (cost depends on the package; there are several choices; all buy them all for $4,000).

The gallery promises all kinds of support and marketing, etc.....

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Here is a copy of the intro letter:
Greetings from Manhattan! Recently, I was introduced to your outstanding work by one of our contributing curators. After reviewing your art online, I would like to discuss an opportunity of your possible solo exhibition at our space. (their address is 84 Orchard St.)

ARTIFACT is located on the Lower East Side -- the fastest growing art district in Manhattan with over 200 art galleries. It is close to the New York landmark Tenement Museum, and a short walk from the New Museum.

Our ground floor space has a dramatic exposure to a busy pedestrian traffic, which allows to exhibit the remarkable work of artists like you at the venue with a maximum capacity for proper presentation, marketing and sales. See it on http://vimeo.com/78958772.

As a result of our 22-year experience in the art world, we have developed business relationships and connections with some of the world's most important art collectors, critics and curators. They include Agnes Gund http://en.wikipedia.org/wiki/Agnes_Gund, philanthropist and President Emerita of MoMA, Mace Neufeld http://www.imdb.com/name/nm0626883/, Hollywood producer and collector. Among our collectors are Peter Marino http://nymag.com/thecut/2012/08/peter-marino-knows-how-to-design-stores.html, architect, and Clarence Avant(founder and president of Motown Records) and many others. Moreover, we have been collaborating with global corporations, such as Microsoft, American Express and AOL.

During a three or two-week solo exhibition the gallery covers essential expenses related to our space, installation, gallery infrastructure, printing and mailing of invitations and an opening reception.
To further promote exhibitions, artists consider additional marketing options which they can afford, including an exhibition catalog at just $15 per book. Artists cover expenses related to shipping of their artwork.

Shall you decide that our space is an appropriate venue for your possible exhibition, I would be happy to provide further details. For more information please visit http://artifactnyc.net,
and https://www.facebook.com/artifactnyc.
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Has anyone here been approached by this gallery? If yes, did you exhibit there? If yes, what was your experience?

Any advice would be greatly appreciated!!!!

Ania