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On April 30, 2010, Movie Gallery announced it was closing and liquidating all of its stores per a filing of Chapter 7 bankruptcy. [2] [3] At its peak the firm had about 4,700 stores in North America, operating mainly under the Movie Gallery, Hollywood Video, and GameCrazy brands. The last of the company's stores were closed in August 2010.
May 2, 2010 · NEW YORK (Reuters) - Movie Gallery Inc., which filed for bankruptcy in February with plans to close hundreds of stores, will now shut down the balance of its 2,415 stores, according to the...
Feb 28, 2021 · It closed in 2011 amid lawsuits for fraud concerning questionable paintings purporting to be by some of the leading Abstract Expressionists, including Jackson Pollock, Mark Rothko, Clyfford Still, Robert Motherwell and Richard Diebenkorn. The gallery had been in operation for 165 years.
- A History of Questionable Dealings
- A Gallery Reborn
- Things Fall Apart
When Michael Knoedler arrived in New York in 1846 as a representative of the French lithographer Goupil & Cie, the city had virtually no art dealers to speak of. Because few Americans could afford to purchase one-of-a-kind oil paintings, Knoedler’s job was to sell customers inexpensive prints from Paris. By the turn of the century, the gallery adva...
Soon after the ignominy of the Elmyr affair, Knoedler found itself teetering on bankruptcy. In 1971, the gallery was sold for $2.5 million– to their old partner in the Hermitage deals: Armand Hammer. Hammer made the excellent choice of appointing his business partner Maury Leibovitz to run the operation. Leibovitz, in turn, hired a well-connected a...
Armand Hammer died in 1990, and his grandson, Michael A. Hammer, assumed control of the gallery. When Leibovitz died in 1992, the gallery’s relationship with Neiman deteriorated. Then, in 1994, Michael Hammer dismissed Rubin, ceding total control of the operation to his protégé Ann Freedman, which caused an exodus of artists led by Rauschenberg. Th...
May 10, 2010 · The acquisition made Movie Gallery the second-largest rental chain in the country but it has been forced to close more than 2,400 of its stores in the past three years, according to court...
Feb 3, 2010 · NEW YORK (Reuters) - Movie Gallery Inc, operator of the Hollywood Video rental chain, filed for bankruptcy for the second time in three years after sales fell and losses mounted, and said...
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Aug 31, 2020 · There have been a series of lawsuits over the years regarding the New York gallery’s peddling of forged Abstract Expressionist artworks, and there have been many reports about how the $80...
