Lot 2 Artspace, taking its name simply from its building designation, embodies a clear philosophical approach: the gallery should serve merely as a frame, enabling and focusing attention on the art itself. 

This principle was boldly demonstrated in its opening exhibition, which brought together works by European masters like Picasso and Georges Braque alongside West Australian modernists, some of which remain available for acquisition.

The gallery's mission to cultivate art appreciation, particularly focused on West Australian modernist artists, takes on special significance given its unique location. Situated in Pemberton, a town historically known as Wandergarup ("plenty of water") by the Bibbulmun people, the gallery sits at what feels like the edge of the world – 3.5 hours from Perth, the world's most isolated capital city, and just kilometers from the southern hemisphere's largest inland sand dune, beyond which lies Antarctica. 

This remote setting, with its surrounding karri forests and rich history transitioning from indigenous land to timber town to tourist destination, provides a compelling backdrop for experiencing the space.

Today, Lot 2 artspace maintains a significant collection of works directly from the Guy Grey-Smith estate, including his woodcut prints, alongside major works by both Guy and Helen Grey-Smith. 

By showcasing local artists of national and international calibre, the gallery highlights not just Pemberton's unique art history, but its continuing role in Australia's cultural landscape, despite – or perhaps because of – its remarkable isolation.