Galleries
The announcement got here as a wonder to many.
After a decade of industry, Denny Gallery has develop into the newest New York gallery to shutter in a contemporary wave of closures.
Denny Gallery will shut on October 7, “after over a hundred exhibitions, three gallery spaces, two continents and ten years in business,” the gallery wrote in a message shared on social media. The industry had simply celebrated its decennial anniversary with a summer season team display of paintings via all 16 of its roster artists, together with Jessie Edelman, Michael Mandiberg, and Sheida Soleimani.
“The gallery’s recent milestones presented an opportunity to reflect on the accomplishments of the past decade and consider actively and openly what we would like to focus on for the next 10,” the remark went on. “After heartfelt consideration, we feel that it requires a shift.”
Founded via Elizabeth Denny, the gallery opened on Manhattan’s Lower East Side in 2013. Katie Alice Fitz Gerald signed on as a spouse later that yr; broker Robert Dimin joined in the identical capability in 2015. Four years later, the gallery—then referred to as Denny Dimin—relocated to a bigger house in Tribeca and unfolded a 2d department in Hong Kong, led via Fitz Gerald.
A turning level got here overdue ultimate yr, when Demin left to begin up his personal gallery. The break up wasn’t amicable, he informed Artnet News this summer season.
“The breakup happened kind of abruptly at the end of December [2022]. It was not something that I was anticipating at the time,” he mentioned in the interview, alluding to the “drastically different personality types” between he and Denny. “I don’t know if she ever really looked at me as a partner, even though we had a partnership agreement, my name was on the door, I cosigned the PPP loans, the lease was in both of our names.”
The news comes amid an alarming wave of gallery closures in fresh months as the artwork marketplace’s heart elegance is still squeezed via broader financial downturns.
JTT, a liked gallery that opened two years earlier than Denny on the Lower East Side, shuttered in August. Foxy Production adopted swimsuit ultimate month after two decades, as did Queer Thoughts after 11.
“Am I nervous? Maybe a little, but it’s a motivating nervousness,” Sara Blazej, a former director at Karma who opened her personal gallery, Sara’s, in the identical Chinatown construction as Foxy Production this spring, informed us not too long ago. But, Blazej went on, “even if there is some steep economic downturn coming and all the small galleries close or get cannibalized by larger ones, my feeling is that people will always find a way to do cool and interesting things, either within those new systems or not.”
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