Michael Hue-Williams has been dealing with the bankruptcy of Albion, his gallery which is having some of its stock sold, according to The Art Newspaper:
Roger Cutting, the Charterfields agent handling the sale on behalf of the administrators, said: “When this case started we were able to come to terms with Michael in terms of stock he wanted to buy back, and what he wanted to pay for it against valuation.” He added: “Michael was able to offer a premium price for a bulk of the stock to continue an art business. He has links with these artists, so in many ways, he is the best placed to own [it].” Geoffrey Martin & Co, the liquidators of Michael Hue-Williams Fine Art Limited, declined to comment.
Hue-Williams confirmed that he is trading under the company name Albion Editions, and is working with artists including the Campana brothers, but said: “I think it would be inappropriate at this stage for me to say what I am planning, until the historic problems [of the gallery] are removed.” Though he is not legally obliged, Hue-Williams said he intends to pay back creditors, saying: “My reputation is at stake, so we are in that process now—we’re probably 70% clear and should be finished in a couple of months. We’re nearly at the point where we can move forwards in a productive way.” He declined to comment on plans to re-open his gallery.
Hue-Williams Stock Offered in Private Sale (The Art Newspaper)
