Murmurs, a gallery located in Downtown Los Angeles that was known for its eye for spotting rising talent, announced this week that it will close after seven years in business. Its final exhibition was a solo for Rodrigo Ramírez Rodríguez, which ended on June 27.

In an Instagram post, cofounders Allison Littrell and Morgan Elder and director Gabrielle Datau wrote that the “bittersweet news” came after “a long period of reflection.” They cited the “intense economic squeeze” that the art world is currently facing.