A view of “Karl Lagerfeld – A Visual Journey” at the Pinacothèque.

PINACOTHÈQUE WOES: Ailing Pinacothèque de Paris is to shut down on Monday.

The private museum is to end prematurely the exhibition currently on displayKarl Lagerfeld, a Visual Journey,” a sprawling and diverse photo showcase that was slated to run through March 20. The show is to close Monday at 6:00 p.m. CET.

“The deadly economic climate due to a large extent to the Nov. 13 attacks forces the closing of the Madeleine sites,” Pinacothèque de Paris said in a press release on Friday, referring to its locations at 28 Place de la Madeleine and on nearby Rue Vignon.

“Our goal is to move, in the medium term, to other sites that will be more bearable economically,” the museum added.

Pinacothèque de Paris said it is eyeing the opening, within the next three to four years, of a gallery dedicated to contemporary art and another one to sculpture and indigenous art.

This comes three months after Pinacothèque de Paris has been placed into receivership by a Paris commercial court. Pinacothèque de Paris has seen visitor numbers decrease 20 to 25 percent over the last two years, its founder and president Marc Restellini told WWD in November.

Permanent collections are to be redeployed between Singapore and the future Pinacothèque de Paris “that are to open soon,” it said.

Pinacothèque de Paris’ key exhibitions in the last 10 years included “Pollock and Shamanism,” “Edvard Munch or L’Anti-Cri” and more recently “In the Time of Klimt, The Vienna Secession,” which drew 400,000 visitors.

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