Veteran New York art dealer Mary Boone, 67, will shutter her eponymous gallery. She was sentenced on Feb. 14 to thirty months in prison for filing false tax returns, with prosecutors alleging that she defrauded the IRS of over $3 million.

“I had 49 wonderful years in art,” Boone told ARTnews. “If I’m going to be the Martha Stewart of the art world, I would hope to do it with the same humility, humor, grace, and intelligence that she did. I’m trying to be optimistic and see this as a learning experience.”

Boone will report to federal prison by May 15. Prior to closing, her gallery is showing Julia Wachtel at the Chelsea space and Derrick Adams on Fifth Avenue, to April 27.

Known for developing a stable of top artists, Boone's first gallery opened in 1977, showing such names as Jean-Michel Basquiat, Barbara Kruger, Brice Marden, David Salle, Julian Schnabel, Eric Fischl, and Ross Bleckner, along with historical and emerging artists.

In 2016, Boone was sued by actor Alec Baldwin over the misrepresentation of a Ross Bleckner painting, and she reportedly paid him a seven-figure sum to settle the dispute.