Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

New Space in London Closes

March 16, 2009 by Marion Maneker

Katya Kazakina reports on a high profile gallery closing in London:

Art dealer Yvon Lambert, who runs galleries in Paris, New York and London, will shut down his U.K. branch at the end of this month. It’s the first major gallery to close in London as the global art market slows.

“In this period of tightening of the market what you want is to consolidate what is crucial for you,” said Olivier Belot, general director at Yvon Lambert. “Paris and New York are the two crucial centers for the gallery.” [ . . . ]

“If people are buying art they are probably doing it from someone they already know,” said Suki Larson, a London-based consultant for art galleries, luxury brands and design firms. “In the luxury sector, people are sticking to what they know and what represents in their mind secure value.”

Yvon Lambert, Newcomer to London, Closes Hoxton Square Gallery (Bloomberg)

More from Art Market Monitor

  • Emily Carr Under Painting Found at MuseumEmily Carr Under Painting Found at Museum
  • Who Is Cui Ruizhou? China’s Most Ambitious PainterWho Is Cui Ruizhou? China’s Most Ambitious Painter
  • Investing in HirstInvesting in Hirst
  • Art Market Research (PhD) Position in HollandArt Market Research (PhD) Position in Holland
  • Conor Jordan Smoothly Teases Whitehead Collection on CNBCConor Jordan Smoothly Teases Whitehead Collection on CNBC
  • Sotheby’s London Contemporary Day Sale = £16.9mSotheby’s London Contemporary Day Sale = £16.9m

Filed Under: Dealers

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor