Marlborough Gallery, a cornerstone in the art world for nearly 80 years, has announced the sale of its Chelsea location in New York City. This move follows the gallery's decision to wind down operations across its global branches, including those in London, Madrid, and Barcelona. 

Founded in 1946 by Frank Lloyd and Harry Fischer, Marlborough Gallery played a pivotal role in shaping the post-war art scene. The gallery was renowned for representing influential artists such as Francis Bacon, Frank Auerbach, Henry Moore, Lucian Freud, Barbara Hepworth, and Paula Rego. In 2019, Marlborough consolidated its New York operations into a flagship space in Chelsea, aiming to adapt to the evolving art market. 

However, by April 2024, the gallery announced plans to cease operations, citing the need to "sunset" the nearly 80-year-old firm. 

The decision to close and sell its properties, including the Chelsea location, marks the end of an era for Marlborough Gallery. The gallery's extensive inventory, reportedly valued at around $250 million, will be dispersed in the coming months and years. A portion of the proceeds is earmarked for donation to non-profit institutions supporting contemporary artists. 

The sale of the Chelsea gallery sale reflects broader shifts in the global art market, as traditional galleries navigate changing dynamics and economic challenges. The property is on the market with Roger Gillen and Jeffrey Zelden for $10.9 Million.