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trending_up market schedule Apr 6, 2026 visibility 10 link 5 artists, 7 galleries

Overdue payments to artists, landlords and workers at a popular gallery reflect pressures squeezing the dealer sector

The Hole, a prominent gallery with locations in New York and Los Angeles, is facing significant financial distress characterized by shuttered spaces and mounting legal disputes. Following a period of rapid expansion fueled by the 2021–2023 art market boom, the gallery has permanently closed its West Hollywood location and is currently facing multiple lawsuits from Manhattan landlords alleging over $180,000 in unpaid rent and taxes. Founder Kathy Grayson attributes the crisis to a sharp decline in sales starting in late 2023, which has left the gallery struggling to pay artists, staff, and creditors.

newspaper The Art Newspaper open_in_new Read original
article news schedule Apr 7, 2026 visibility 8 link 3 artists, 4 galleries

New York Gallery The Hole Sued Over Back Rent, Accused of Not Paying Artists and Workers

The Hole, a prominent New York-based contemporary art gallery, is facing multiple lawsuits and allegations of financial instability. Legal filings from landlords at both its Bowery and Tribeca locations indicate significant rent arrears totaling over $180,000, alongside unpaid real estate taxes. Founder Kathy Grayson confirmed the closure of the gallery’s Los Angeles outpost, attributing the crisis to a sharp decline in sales starting in late 2023 and a destabilizing period of rapid expansion.

newspaper ARTnews open_in_new Read original
trending_up market schedule Apr 8, 2026 visibility 5 link 3 artists, 2 galleries

The Hole Gallery Sued Over Unpaid Back Rent

The Hole, a prominent contemporary art gallery founded by Kathy Grayson, has shuttered its West Hollywood location amid a wave of legal and financial troubles. Court filings reveal that the gallery faces multiple lawsuits for unpaid rent and real estate taxes across its Los Angeles and Manhattan outposts, with debts totaling over $180,000. Beyond real estate disputes, the gallery has been dogged by allegations of financial instability and delinquent payments to artists, including a 2019 lawsuit from artist Dan Lam regarding unpaid sales and damaged works.

newspaper Artforum open_in_new Read original

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