Just over a year since closing its Albemarle Street gallery, the long-established London art dealership Agnew’s has been acquired by new owners.
The firm, established in Manchester in 1817, will continue
trading under the directorship of Anthony Crichton-Stuart, former
head of Christie's Old Master Paintings department in New York and
subsequently a director of Noortman Master Paintings, which also
closed last year.
Mr Crichton-Stuart said: "The Agnew's name is strong and well
respected and we aim to build upon this legacy.
"We are confident that the company's historic reputation for
connoisseurship and fair dealing will remain one of its greatest
assets and that this, combined with the dynamic and progressive
approach of our new team, will secure the future of the firm well
into the 21st century."
They are currently looking for premises for the gallery but in
the meantime will be operating from 13 Old Bond Street, London.
The new owners approached Agnew's at TEFAF Maastricht
last year, following the announcement that they were to close and
the board was considering winding down the business.
The board continued the business while negotiations took place,
and these were successfully concluded in late 2013.
Julian Agnew, the sixth generation to work for the family firm,
and Christopher Kingzett, a former director also now dealing under
his own name, will remain as part-time consultants.
Mr Agnew said: "I am delighted by the successful sale of the
company, and that Agnew's can now look forward to celebrating its
200th anniversary in 2017."
The new owners, led by Boston collector and investor Cliff
Schorer, have purchased the holding company of Thos. Agnew &
Sons Ltd from members of the Agnew family, including the stock of
works of art, an important library and an extensive photographic
However, last week it was announced that Agnew's comprehensive
archive had been sold to the National Gallery, at a discounted
price of £240,000, funded by the National Gallery Trust.
The archive, which dates back to the 1850s, consists of detailed
stockbooks, daybooks, diaries and huge leather-bound account
ledgers, and this is the first time that the gallery has purchased
an archive that is not directly related to its own history.
The archive will be catalogued over the next two years but
efforts will be made to make it as accessible as possible during
Nicholas Penny, director of the National Gallery, said: "Agnew's
has been at the centre of the art trade for almost 200 years and
importantly during the late 19th century and early 20th century
when major shifts in collections between the UK and USA were taking
"As the largest and most influential dealer of its age, the
information held within the archive is of international
significance and has outstanding research value."
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