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Artnet News' Wet Paint column reports a wave of gallery closures and rumors in New York's art scene. Blum and Venus Over Manhattan have recently shut down, while Clearing's Bowery space temporarily became a Tank Air clothing pop-up, not a permanent closure. Micki Meng sent a cryptic 'I'm quitting' email but clarified it was a reference to Marcel Duchamp, not a business closure. Jack Barrett Gallery is relocating, not closing, and Tramps has closed its Washington Square Park location while planning a new Paris outpost. Jack Hanley, who closed his gallery in January, is now painting in the Hamptons.

Chicago’s Neighbors and Barely fairs show the strengths of smaller, alternative formats

Chicago’s art week is being defined by the success of alternative, small-scale satellite fairs like Barely Fair and Neighbors, which offer an intimate counterpoint to the massive Expo Chicago. Barely Fair, located in a storefront in McKinley Park, features 32 exhibitors presenting works in 20-inch-square miniature booths. This format encourages rigorous curation and creative risk-taking from a mix of artist-run spaces and established galleries, with price points ranging from $20 to $8,000.