Overview

• Founder Peter Goulds said the Venice building will be put up for sale and remain open by appointment while the gallery sells inventory.
• Operations will concentrate at LA Louver’s Jefferson Boulevard warehouse in West Adams for private viewings, pop-ups, and occasional curated projects.
• The gallery will donate its archive and library to the Huntington in San Marino, with full transfer expected by 2029 and materials covering more than 660 exhibitions.
• Goulds plans to stay in charge, saying he has no intention to retire as the gallery reduces its public program from a regular calendar to project-based presentations.
• The move follows concerns over the cost and fragility of the art-fair model, including an estimated $600,000 outlay for multiple Art Basel programs, and comes as other LA galleries have recently closed local spaces.