21:01 5 November
Richard Telles Fine Art, Prominent Los Angeles Gallery, to Close Amid ‘Diminished Sales’
Richard Telles Fine Art, Prominent Los A Los Angeles
Los Angeles, United States Of America
Richard Telles recently announced on Instagram that he is going to close his L.A. gallery, Richard Telles Fine Art, referring to the highly increasing costs and declining sales. Richard opened his Art gallery in 1993, at 7380 Beverly Boulevard, ensuing the spell as a director of Santa Monica branch.
The gallery came to an end after its 26-year-long run with the last exhibition of the painting by John McAllister and Richard Hawkins. Richard Telles launched the career of the artists like Monika Baer, Ginny Bishton, Hawkins, and Jim Isermann.
Due to ever-increasing real-estate prices and healthy competitions against mega-gallery empires like David Zwirner and Gagosian, the mid-size galleries all around the globe are striving to survive.
In L.A., a few essential spaces have either moved or shuttered recently. Telles wrote, “Thank you to everyone who has come by over the years,” in the Instagram post.