Air de Paris, a leading French gallery, will close its doors and declare bankruptcy after 36 years in business, the gallery’s cofounders, Florence Bonnefous and Edouard Merino, tell Cultured. 

Bonnefous says the gallery owes money only to the landlord and the bank, not her artists. The gallery is closing, per Cultured, due to its “fragile” finances as well as the founders’ health (Bonnefous suffers from Chronic Obstructive Pulmonary Disease, and Mennino also has unspecified health issues).