Christie’s have decided to close their Haunch of Venison dealership and focus all efforts on what has become the hottest area of competition between them and rivals Sotheby’s.
Both the New York and London
operations at Haunch of Venison will go, with staff cuts and the
shedding of artists from the gallery's stable.
The auction house kept its public
announcement brief but is thought to have decided that resources
would be better placed chasing highly lucrative private treaty
deals in the secondary market than comparatively costly and riskier
primary market business.
Christie's Private Sales will take
over the Bond Street gallery in March and it will become a
permanent exhibition and sales space.
"We have not formulated these plans
lightly and unfortunately this proposed restructure will affect a
number of employees at Haunch of Venison, as well as some artists
represented by the gallery," said a spokesman. "We are making every
effort to assist and support our colleagues, artists and friends at
the gallery who may be affected during the transition."