"Three months before yesterday's announcement that Sperone Westwater would close after 50 years in business, dealer Gian Enzo Sperone sued his cofounder, Angela Westwater, claiming he was in a "parasitic deadlock" with her after she wrested control of a corporation that has a 50 percent stake in the gallery. The suit also accuses Westwater of mishandling funds, withholding records from Sperone and gallery stockholders, and mismanaging rent payments for the gallery."
"Founded in 1975 as Sperone Westwater Fischer, with dealer Konrad Fischer who departed in 1982 to found his own gallery, Sperone Westwater has long shown artists such as Bruce Nauman, Francesco Clemente, Susan Rothenberg, Enzo Cucchi, David Lynch, Mario Merz, and many others of note. It is set to close this December with its current show by Richard Long, another staple of the gallery's programming. The 50-year-old gallery's closure was confirmed on Monday night, following a report on rumors of its shuttering by Katya Kazakina in Artnet News from last Friday."
Gian Enzo Sperone sued cofounder Angela Westwater, alleging a "parasitic deadlock" after she took control of a corporation owning 50 percent of the gallery. The lawsuit accuses Westwater of mishandling funds, withholding records from Sperone and gallery stockholders, and mismanaging rent payments, and reports that the two are so divided that they do not speak directly. Sperone filed the suit alongside Sandstown Trade Ltd., the 50 percent stockholder, and notes that he was replaced as a Sandstown director in 2024 by Filippo Pistone. The gallery, founded in 1975 and known for major contemporary artists, will close this December amid these disputes.
Read at ARTnews.com
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