Top gallery going out of business

Bookmark and Share

One of Norway’s most prominent players in the art and antiques world, Kaare Berntsen, is going out of business after 83 years in Oslo. Thomas Berntsen, the 40-year-old who’s been running the family-owned business, wants “to do something else,” and doesn’t want anyone else to take over the company.

“I’ve taken a lot of time in this process but everyone in the family agrees with my decision,” Berntsen told newspaper Dagens Næringsliv (DN) on Wednesday. “We are a family firm with a long history, and I’m very proud of what we have built up. It’s always difficult to make such a decision and it feels sad.”

The gallery’s seven employees were informed of the decision on Monday and Berntsen will go out of business early next year, after the close of its current exhibition featuring works by Norwegian artist Kjell Nupen.

Berntsen has also been one of the world’s foremost traders of expensive works by Norwegian artist Edvard Munch, but DN reported that it has struggled with losses since revenues fell from a high in 2007. Thomas Berntsen, the third generation running the business, said he didn’t want to sell the business out of the family and thus opted to wind down operations. The parent company KP Presens has performed better, managing a considerable art collection, and it will remain a going concern.

newsinenglish.no staff