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Home»Art Market
Art Market

Mnuchin Gallery to Close After Death of Founder in December

News RoomBy News RoomFebruary 5, 2026
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Mnuchin Gallery, the long-running Upper East Side establishment founded by Wall Street pioneer Robert Mnuchin, will close at the end of February.

“For more than three decades, Mnuchin Gallery had the privilege of presenting exhibitions that fostered rare and sustained dialogue among scholars and audiences around some of the most significant art of our time,” the gallery said in a press release Wednesday. “In the wake of Robert Mnuchin’s passing on December 20, 2025, it is with gratitude and reflection that we announce the conclusion of the gallery’s program, an outcome that feels true to the fact that the gallery was, above all else, an expression of Robert’s passion and singular vision.”

The gallery’s final show, a series of plate paitings by Julian Schnabel, closed on Saturday.

Mnuchin, a major figure at the investment bank Goldman Sachs in the 1960s and ’70s, died in December at 92. Mnuchin entered the art world after retiring from his finance career in 1990, partnering with James Corcoran to found C&M Arts two years later. The name of the gallery changed over the years, though the location—a townhouse at 45 East 78th Street owned by Mnuchin and his wife Adriana—was a constant. In 2005, he partnered with Dominique Lévy, changing the name of the gallery to L&M Arts. In 2013, Lévy left and it became Mnuchin Gallery.

As ARTnews‘s Daniel Cassady wrote in December, on the occasion of Mnuchin’s death, the late dealer said in 2021 that it “took a lot of courage” to step away from the Goldman machine and test whether his success came from his own abilities or the institution behind him. “I wanted to see what I could do on my own,” Mnuchin recalled. And because no museum would hire someone without a formal art background, “the only alternative was to start my own gallery, which is what I did.” 

Early on, Mnuchin focused on Abstract Expressionists and other post-war artists, including Jackson Pollock, Mark Rothko, and WIllem de Kooning. But the gallery later expanded to include many women artists and artists of color. Over the last several years, the gallery staged shows for Lynne Drexler, Joan Mitchell, Lynda Benglis, Mary Lovelace O’Neal, and others.

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