The Art Newspaper reports that Nicole Klagsbrun will close her Chelsea gallery, which she opened in 1998.

Ms. Klagsbrun’s quote is one for the record books:

“I’m not sick and I’m not broke. I just don’t want the gallery system anymore,” Klagsbrun says. “The old school way was to be close to the artists and to the studios. Nowadays, it’s run like a corporation. After 30 years, this is not what I aspire to do. It is uninteresting.”

She opened her first gallery, Cable Gallery, just above Houston in 1984 with Clarissa Dalrymple and then opened her own in Soho in 1989.