Marlborough Gallery’s governing trust has listed its London building, Scandia House, for over £25 million (approximately $32 million), according to the Art Newspaper. The ten-story, 10,300-square-foot property is located in the upscale Mayfair district, near major galleries like David Zwirner and Gagosian. Real estate agency Pilcher London is handling the sale.

The gallery plans to vacate the building by the end of the year. This decision follows the gallery’s April announcement that it would be winding down its operations. As of June, Marlborough Gallery no longer represents artists or estates, nor does it hold exhibitions.

The process of closing the gallery is expected to take several years due to its extensive inventory of photographs, works on paper, and paintings, which are collectively valued at up to $250 million. In addition to Scandia House, the gallery owns real estate in New York, Madrid, and Barcelona. Some employees remain on staff to assist with the liquidation and other necessary operations to close the gallery permanently.

Founded in 1946, Marlborough Gallery was a major player in both New York and London for decades. The gallery built its reputation on French Impressionist and Post-Impressionist painters like Edgar Degas and Auguste Renoir, and later staged exhibitions for modernists such as Wassily Kandinsky and Kurt Schwitters. After opening in New York in 1963, it began representing Abstract Expressionists like Philip Guston and Robert Motherwell, as well as the estates of Franz Kline and Jackson Pollock.

Sayart / Amia Nguyen, amyngwyen13@gmail.com