Saturday, August 16, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Clearing, trend-setting gallery with New York and Los Angeles locations, will close – The Art Newspaper

by SB Crypto Guru News
August 7, 2025
in NFT
Reading Time: 5 mins read
0 0
A A
0


Clearing, the influential New York gallery that has served as a launchpad for many prominent artists’ careers, will close its Manhattan and Los Angeles locations, founder Oliver Babin announced Thursday (7 August). In a statement, Babin said the gallery saw “no viable path forward”. Babin tells The Art Newspaper he’s turning in the keys to the gallery’s three-storey New York space tomorrow.

“We kept hope—probably in a sort of irrational way—that we could turn the corner. Turns out, there’s no corner,” Babin says. “Now, we are forced to face the fact that actually it doesn’t make any sense to put in another minute or another dollar trying to resurrect a corpse.”

The gallery launched in 2011 in the Bushwick at a time when the Brooklyn neighbourhood had a thriving gallery scene. Babin had moved to the US from France in 2009, first as an artist for a residency, before opening the gallery. As Babin describes it, early Clearing shows were an adventure, “pure poetry [held together] with tape and rubber band”. The gallery held more than 200 exhibitions in its 14-year run, including staging important shows by artists including Harold Ancart, Calvin Marcus, Korakrit Arunanondchai and Hannah Levy.

“We’ve been crushed by the overheads, which is pretty classic. Rent, shipping, fairs—all these things continue to increase and revenue plummets,” Babin says. “A proper [chief financial officer] would have decided to pull the plug six months, 12 months, 18 months or 24 months ago.”

The gallery’s Bushwick space relocated to the Bowery in Manhattan in 2023. In retrospect, Babin says, taking on a more expensive rent just as the art market began to slow down was a bad gamble, and could be seen as “the first nail being driven into the coffin”.

Olivier Babin of Clearing. Photo courtesy of Clearing.

Those two years recovering from the onset of the Covid-19 pandemic and leading up to the economic retraction, Babin says, “everyone was flush, business was excellent”. But by the time the new, more expensive space in the Bowery opened, “the music had stopped, the tide was low and we were overexposed”. Clearing also had other spaces to worry about by then: the gallery had expanded to Brussels in 2012 and Los Angeles in 2020. (Last year, the former Clearing outpost in Brussels split from the rest of the gallery in a restructuring that ended with that location’s former director, Lodovico Corsini, now operating the space under his own name.)

“I have no regrets, but yeah, I probably should have done a few things differently,” Babin says. “But ultimately, everyone’s suffering right now.”

Clearing’s final exhibitions were solo painting shows, Henry Curchod in Los Angeles and Coco Young in New York. In June, the gallery launched Maison Clearing, a pop-up group exhibition of works by 46 artists—most not members of the gallery’s roster—in a villa in Basel, Switzerland, instead of taking part in any of the city’s concurrent art fairs.

Clearing is the latest in a spate of US galleries to shutter this summer. On Wednesday (6 August), Chelsea stalwart Kasmin announced it would close in order to transition to a new venture called Olney Gleason, led by the former’s executive leadership. Venus Over Manhattan founder Adam Lindemann said last month he would shut down the business to focus on building his own collection, and Tim Blum announced he too would “sunset” his eponymous Tokyo and Los Angeles spaces.

As for Babin’s next steps, he says not to expect him to take a sales director position at a larger, more established gallery. It’s not an uncommon path to take: after Jasmin Tsou closed her closely-watched gallery JTT, she joined Lisson Gallery; Gavin Brown—whose namesake enterprise was a fixture of the downtown and, later, uptown scene—is now a partner at Barbara Gladstone; Simon Preston was hired by Pace after closing his eponymous Lower East Side gallery.

“I don’t want it, and I think I would be really bad at it,” Babin says. “I want to stay a wild animal. And I’d rather suffer in the wild than become like a lap dog.”

Babin says he has been touched by the outpouring of support since announcing the gallery’s closure. He wants to stay in an art-adjacent career, and is taking an expansive view of the situation.

“I’m going to drink Ayahuasca in the Amazon next week,” Babin says. “I’ll see what I learn and what I find out. Where I should go, what I should do.”





Source link

Tags: AngelesArtBitcoin NewsClearingCloseCrypto NewsCrypto UpdatesGalleryLatest News on CryptoLocationsLosNewspaperSB Crypto Guru NewstrendsettingYork
Previous Post

OpenAI, ChatGPT Releases ‘Smarter’ New Model: GPT-5

Next Post

Streamly Snapshot: Startup Success, Financial Management, and the Innovation Ecosystem

Related Posts

Gaza Biennale, featuring works by artists from the war-torn strip, will come to New York City – The Art Newspaper

Gaza Biennale, featuring works by artists from the war-torn strip, will come to New York City – The Art Newspaper

by SB Crypto Guru News
August 15, 2025
0

As efforts to ease the humanitarian cataclysm in Gaza show few signs of progress, a group of Palestinian creatives are...

Sweet Loren’s TikTok Name Error Led to Viral Success, Sales

Sweet Loren’s TikTok Name Error Led to Viral Success, Sales

by SB Crypto Guru News
August 15, 2025
0

Gluten-free cookie dough brand, Sweet Loren's, has gone viral before (both Kylie Jenner and Glen Powell have touted the sweet...

‘An incredible instinct for contemporary art’: Doris Lockhart, the overlooked figure behind the Saatchi collection, has died aged 88 – The Art Newspaper

‘An incredible instinct for contemporary art’: Doris Lockhart, the overlooked figure behind the Saatchi collection, has died aged 88 – The Art Newspaper

by SB Crypto Guru News
August 15, 2025
0

Doris Lockhart, the US-born art collector credited with changing the UK contemporary art scene in the 1970s and 1980s with...

Lost Maya stronghold against Spanish conquest discovered in Mexican jungle – The Art Newspaper

Lost Maya stronghold against Spanish conquest discovered in Mexican jungle – The Art Newspaper

by SB Crypto Guru News
August 14, 2025
0

The likely site of a lost city believed to be the final refuge of the Lacandon Ch’ol Maya community may...

xAI Cofounder Says He Learned 2 Major Lessons From Elon Musk

xAI Cofounder Says He Learned 2 Major Lessons From Elon Musk

by SB Crypto Guru News
August 14, 2025
0

Igor Babuschkin announced this week that he is leaving the company he helped cofound with Elon Musk to start his...

Load More
Next Post
Streamly Snapshot: Startup Success, Financial Management, and the Innovation Ecosystem

Streamly Snapshot: Startup Success, Financial Management, and the Innovation Ecosystem

Ethereum-Based DeFi Protocol Euler (EUL) on the Rise Following Coinbase Listing

Ethereum-Based DeFi Protocol Euler (EUL) on the Rise Following Coinbase Listing

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.