For its 4th edition, Paris Photo LA would have taken place at Paramount Studios.

In a press release issued Monday, February 15, Reed Exhibitions has announced the end of Paris Photo LA. The organizing company also waves goodbye to the LA edition of FIAC.

Paramount Studios in Los Angeles Image via fabrik.la Paramount Studios in Los Angeles
Image via fabrik.la

Jean-Daniel Compain, Executive Vice President, culture, luxury and leisure at t Reed Exhibitions France, said: "The absence of a mature market in terms of art fairs of this scale and scope has driven us to make this difficult decision."

"Despite the abundance of collectors in Los Angeles and California that figure among the buyers regularly in attendance at international fairs, the level of sales during Paris Photo Los Angeles is not sufficient to support such a Fair and to offer our exhibitors the best conditions on return on their investment."

Paris Photo Los Angeles, 2014 Image via parisphoto.com Paris Photo Los Angeles, 2014
Image via parisphoto.com

Paris Photo at the Grand Palais Image via parisphoto.com Paris Photo at the Grand Palais
Image via parisphoto.com

There is hope yet for the fairs to expand outside of Paris. However, the closure of Paris Photo LA and FIAC, is undoubtedly a hard return to the realities of the art market.

In the same weekend of the November Paris attacks, Paris Photo was forced to not open for the weekend event.  The negative impact of the situation would have been enough to deter big names from venturing to the next edition of Paris Photo LA.

In addition to these tragic events, Paris Photo LA has always struggled to find its place in the busy schedule of international fairs.
The difficulties for a non-American gallery to get the seller's permit required by the State of California for art transactions, also discourages those who had seen Los Angeles as an opportunity to earn big.
The 20th edition of Paris Photo at the Grand Palais will be held from 10 to 13 November, 2016.

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