Summary<\/p>\n
Powerhouse dealership Almine Rech has announced the closure of its Mayfair gallery in London
\nThe latest gallery to shutter amid the market\u2019s shaky waters, the French gallerist maintains that the English capital will remain a central site of overall strategy<\/p>\n
After more than a decade in London, Almine Rech<\/a> has officially shuttered its Mayfair outpost. First reported by T<\/a>he Art Newspaper, the Paris-born powerhouse confirmed that its UK arm entered voluntary liquidation in August, shortly after its final Gregor Hildebrandt<\/a> solo, naming the move as a \u201ctechnical step to restructure a lease that no longer aligned with [its] plans.\u201d<\/p>\n Filings to Companies House suggest that the gallery holds a \u00a36.3 million GBP deficit, though French gallerist, Rech herself, noted that \u201cthe gallery has no unpaid obligations to artists, employees, or suppliers.\u201d\n<\/p>\n The decision lands amid a wave of closures and consolidations<\/a> shaking up the global art scene. The gallery\u2019s London foothold took root in 2014 with a building of Savile Row, later moving to Grosvenor Hill two years later. Once home to headline shows by blue-chip names, including its inaugural Jeff Koons exhibition, the Mayfair spot, perhaps, faced the same headwinds hitting much of London\u2019s market: post-Brexit uncertainty and pandemic fallout.\n<\/p>\n Despite the closure, Rech reassured that London remains central to the gallery\u2019s strategy, suggesting a repositioning rather than a full exit. Almine Rech will keep on its eight spaces, including its duet Parisian sites, Brussels, Shanghai, Gstaad and New York, which is currently hosting a sold-out painting exhibition by Chloe Wise<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Summary Powerhouse dealership Almine Rech has announced the closure of its Mayfair gallery in London The latest gallery…\n","protected":false},"author":2,"featured_media":69069,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[437,434,435,436,438,146,85,46],"class_list":["post-69068","post","type-post","status-publish","format-standard","has-post-thumbnail","category-arts-and-design","tag-arts","tag-arts-and-design","tag-artsanddesign","tag-artsdesign","tag-design","tag-entertainment","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/69068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=69068"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/69068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/69069"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=69068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=69068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=69068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}