The Hole, a gallery known for exhibiting emerging and mid-career contemporary artists, is accused in legal filings of being in significant arrears on rent. The New York–based gallery has reportedly closed its Los Angeles outpost, and artists and workers have alleged that it has has been late in sending payment, according to new report in the Art Newspaper. 

“I’ve been here for 15 years and after two extra-successful years, sales were down significantly starting at the end of 2023. For everyone in our zone, not just for us,” Kathy Grayson, the gallery’s founder, told the Art Newspaper. “I’m recalibrating things here to focus on New York and getting everything stabilised again. The up can often be as destabilising as the down.”