An art gallery in the University area run by Ron Gremillion will soon be transformed into a new arts-centric events space.

But first, a monthlong sale event beginning Dec. 3 will give guests the opportunity to purchase more than 500 art pieces from the collection.

It will be both the first and final art sale for Gremillion & Co. Fine Art, which has been at 2501 Sunset Blvd., Houston, for most of the past 40 years, according to a Nov. 21 news release. The gallery closed in 2021 after Gremillion retired but will reopen for the sale event, which will run from Dec. 3 for roughly one month.

The pieces available during the sale will be mostly modern leaning and will range in price from $200 to nearly $200,000, according to the release. Only half of the pieces will be on display at one time due to space constraints, and pieces will be rotated over the course of the month. Five first-floor offices at the gallery will be repurposed into single-artist exhibition spaces.

“Gremillion is a gallery that has supported artists and put them first, and to some degree, that’s how this vast collection was amassed—pieces never stopped coming,” Gremillion said in a statement. “This last hurrah is an opportunity to pair beautiful works of art with buyers that will be moved by them, compensate their talented creators and make way for the next chapter in a space that has made so many memories.”

A group of Houston entrepreneurs has purchased the property along with a residential property next door at 2508 Nottingham St., Houston, built around the 1940s. After the gallery sale, the 21,000 square feet of total space will be refreshed and transformed into an events space that will be called Horizon on Sunset, according to the release.

The Nottingham home will be turned into a catering kitchen on the first floor and guest apartments upstairs for artists and chefs during visits to the site. Between the properties, officials plan to create a shaded garden and terrace space.

Horizon on Sunset will debut in phases beginning in February, according to the release.

Starting Dec. 3, the sale will run from 10 a.m.-6 p.m. Mondays-Saturdays and from noon-5 p.m. on Sundays.