London-based Timothy Taylor Gallery will close its New York outpost next month after an exhibition by James Prapaithong after nearly a decade in Manhattan.
The gallery said the decision was taken “to ensure the long-term stability of the gallery and its surrounding community” art news. However, the gallery will maintain an office and showroom in New York.
“Given current market conditions, the gallery has decided to close its New York space and consolidate its operations, while continuing its relationships with artists and maintaining our gallery space in London,” gallery founder Timothy Taylor said in an emailed statement. art news. “However, current realities, combined with the significant costs of operating a second permanent space, make this a prudent and responsible step.”
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Taylor opened in Mayfair, London, in 1996, and first expanded to New York in September 2016, opening on the ground floor of a townhouse on 19th Street in Chelsea. In 2023, it moved to Tribeca, taking a 6,000-square-foot space at 74 Leonard Street.
In New York, the gallery represents Philip Guston, Alex Katz, Eduardo Terrazas, Josephine Meckseper, Leon Kossoff, Kiki Smith and Honor Titus), as well as group exhibitions such as “Dubuffet/Chamberlain” and “The Essence of Painting: New York 1980 to the Present”.
and “Architecture of Color: The Legacy of Luis Barragan,” which inaugurated the space.
“New York remains the center of the contemporary art world. Our commitment to it and to the artists we work with remains unchanged,” Taylor said in a statement, adding that the gallery would continue to collaborate internationally but once again “with London as its primary base.”
Taylor’s closure of the New York location is the latest in an international wave of gallery closings, all of which are for a variety of reasons. Last November, Stephen Friedman Gallery closed its New York space; last month it was revealed that the gallery had also closed its London headquarters and entered bankruptcy proceedings.
Several galleries that are closing entirely or closing specific locations also cited current market conditions. These include Project Native Informant in London, Galerie Francesca Pia in Zurich, Altman Siegel in San Francisco and LA Louvre in Los Angeles.
Art dealer Tim Blum, one of the first in the recent wave to close his spaces in Los Angeles and New York, said it wasn’t the market that forced him to act but the gallery system as a whole, adding, “It’s not working. And it hasn’t been working. Even though it looks like it’s working.”
Taylor added in the statement: “I remain fully committed to the art world that has shaped my life over the past 40 years and given me extraordinary personal and professional achievements. It is in this world that I met my wife and my eldest son with whom I now work closely. Next month we will open an exhibition in London to mark our 30th anniversary, a time of reflection, gratitude and new purpose.”
