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Yesterday, ARTnews reported that Lisa Cooley would be closing her eight-year-old Lower East Side gallery. This morning, Cooley spoke with us about some of the reasons for her closure, saying that, due to recent changes in the art world and art market, running a gallery of her size “is not a sustainable business right now.”

Cooley opened her gallery on Orchard Street in January, 2008. Over the years, her artists achieved considerable critical and institutional recognition. She sold artworks to the Centre Pompidou, the Los Angeles County Museum of Art, the Guggenheim, the Metropolitan Museum of Art, the Museum of Fine Arts Houston, the Dallas Museum of Art, the San Francisco Museum of Modern Art, and other major museums. She also sold work to a wide base of influential collectors.

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