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Why Blum’s Closure Is Shaking the Art World

Major gallerist Tim Blum’s decision to shut his galleries has industry-wide implications, writes Marc Spiegler.
Tim Blum.
Major Los Angeles art dealer Tim Blum has decided to “sunset” his gallery. (Blum Gallery)

On Tuesday, as Europe was going to bed and New York was wrapping its business day, the art world was hit by startling news: after 31 years, major Los Angeles dealer Tim Blum (a friend of many years), had decided to “sunset” his gallery, shutting the massive Culver City space he opened in 2009 with his long-term partner Jeff Poe. He will also close his 12-year-old Tokyo space and ditch plans for a massive new Tribeca gallery in New York City, where Blum & Poe opened in 2014.

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