Shocker: Old Masters dealer Agnew’s is closing
Georgina Adam at the Financial Times reports that Agnew’s, the London-based art dealership, will close on April 30. Adam writes that efforts to sell the firm had failed and they did not have the financial wherewithal to continue in business. According to the firm’s Chairman, Julian Agnew:
“I wanted to retire and there was no obvious successor,” says Agnew, whose daughter Gina left last year to start her own gallery. “We are not in a happy place: we are neither big like Sotheby’s and Christie’s, the ‘supermarkets’ of the art world, nor small enough. We were undercapitalised for today’s art prices.”
The firm’s legacy is significant. The 1967 catalogue produced in honor of their 150th anniversary includes photographs of dozens and dozens of major works by Simone Martini, Piero di Cosimo, Giovanni Bellini, Raphael, Titian, Robert Campin, Hans Memling, Gerard David, Mabuse, Rubens, Rembrandt, Vermeer, Velasquez, Goya, Poussin, and many others now in museum collections worldwide.