Pinacothèque de Paris closes after nine years, plans new sculpture and tribal arts spaces

The Pinacothèque de Paris, a private museum, closed its doors on 15 February 2016 at 6pm, nine years after opening at its Place de la Madeleine location. Founder and president Marc Restellini attributed the closure to a 20-25% attendance decline over two years and a challenging economic climate, partly linked to the 13 November attacks. The museum's parent company, Art Héritage France, entered receivership in November 2015. Despite the closure, plans were announced to open two new spaces within three to four years: one for sculpture and another for tribal arts, contingent on finding more affordable premises. The museum's collection, primarily consisting of medium-term loans from collectors, will be distributed between these new venues and its Singapore outpost, which opened in May 2015. The closure reflects ongoing financial pressures in the cultural sector, with the museum citing specific economic hardships. No reopening date was specified for the original site, but the institution aims to continue its mission through future projects. The announcement was reported by The Art Newspaper, highlighting the museum's efforts to adapt to changing circumstances.