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sperone westwater gallery closing 1234762042

Sperone Westwater, a pioneering New York gallery that launched artists like Bruce Nauman, Richard Long, and Francesco Clemente, will close on December 31 after 50 years. Co-founders Angela Westwater and Gian Enzo Sperone are pursuing separate endeavors. The gallery’s final show is a current exhibition for Long, and it will still participate in Art Basel Miami Beach next month. Founded in 1975 in SoHo, the gallery was known for championing Neo-Expressionism and transavanguardia, and later diversified its roster with artists like Joana Choumali and Gamaliel Rodriguez. Its eight-story Bowery building, designed by Norman Foster, faces an uncertain future.

sperone westwater gallery closing 1234762042

Sperone Westwater, a pioneering New York gallery that launched artists like Bruce Nauman, Richard Long, and Francesco Clemente, will close on December 31 after 50 years. Co-founders Angela Westwater and Gian Enzo Sperone are pursuing separate endeavors. The gallery's final show is a current exhibition for Long, and it will still participate in Art Basel Miami Beach next month. Founded in 1975 in SoHo, the gallery was known for championing Neo-Expressionism and transavanguardia, and later diversified its roster with artists like Joana Choumali and Gamaliel Rodriguez. Its eight-story Bowery building, designed by Norman Foster, faces an uncertain future.

high art paris gallery closing 1234764267

High Art, a Parisian gallery known for launching the careers of artists like Lucy Bull and Julien Creuzet, is closing its physical space after 12 years. The gallery announced on Instagram that its last exhibition closed in July and that it will transition toward collaborations, offsite exhibitions, and individual artworks. Founded in 2013 by Romain Chenais, Jason Hwang, and Philippe Joppin, High Art became a tastemaker in Paris's gallery scene, known for its challenging and often unconventional program. Many artists who showed there early, including Rachel Rose, Matt Copson, and Frieda Toranzo Jaeger, later achieved international recognition.

david adjaye museums open without starchitect 1234755459

René Magritte's surrealist masterpiece *La Magie Noire*, unseen on the market for nearly a century, will be auctioned at Sotheby's Paris later this month with an estimate over $8 million. The painting was originally purchased by the family of WWII resistance heroine Suzanne Spaak, who supported Magritte during a financially difficult period. Separately, three major museums designed by star architect David Adjaye—the Princeton University Art Museum, the Museum of West African Art in Benin City, and the Studio Museum in Harlem—are set to open this fall, but institutions are downplaying Adjaye's involvement following sexual misconduct allegations he denied in 2023. Other news includes Pace Gallery closing its Hong Kong space, Colnaghi opening in Riyadh, and the death of ARTnews owner Milton Esterow.

hauser amp wirths uk profits drop 1234755773

Hauser & Wirth's UK subsidiary reported an 87% decline in pretax profit for 2024, falling to $1.6 million from $12.5 million the previous year, as revenue dropped by more than half to $91.4 million. The gallery attributed the downturn primarily to a sharp fall in secondary-market sales, which can fluctuate significantly based on a few high-value transactions. The UK entity represents only a small portion of the gallery's global business, which the founders said remained aligned with the previous year's successful performance. Meanwhile, the gallery's hospitality arm, Artfarm Group, posted a wider pretax loss of $24 million despite a 16% rise in turnover.

hauser amp wirths uk profits drop 1234755773

Hauser & Wirth's UK subsidiary reported an 87% decline in pretax profit for 2024, falling to $1.6 million from $12.5 million the previous year, as revenue dropped by more than half to $91.4 million. The gallery attributed the downturn to a sharp fall in secondary-market sales, which can fluctuate significantly based on a few high-value transactions. The UK entity represents only a small portion of the gallery's global business, which the founders said remained aligned with the prior year's successful performance. Separately, the gallery's hospitality arm, Artfarm Group, posted a wider pretax loss of $24 million despite a 16% rise in turnover.

stevenson gallery closing johannesburg branch 1234765511

Stevenson Gallery is closing its Johannesburg branch after 17 years, with the last day on December 12. The final exhibition, Tofo Bardi's "Underground: Nothing to Hold," will close early. The gallery's Cape Town and Amsterdam locations will remain open. Founded in Cape Town in 2003 by Michael Stevenson, the Johannesburg outpost opened in 2008 and moved several times before settling in Parktown North in 2019.

Blue Phrog Gallery closing doors in downtown Montevallo

The Blue Phrog Gallery, a staple of the downtown Montevallo art scene for over 15 years, has announced its permanent closure. Founded in 2009 by Phil and Suzanne Hurst in a repurposed bank building, the gallery served as a primary venue for Alabama-based artists and University of Montevallo students to showcase and sell their work. The building at 955 Main Street is currently listed for sale following the recent passing of co-founder Phil Hurst.