News that Hotspur, who were established in 1924 and Jeremy, who were founded in 1946, are to close has come as a shock to the top end of the trade but both the firms, who have showrooms opposite each other in Lowndes Street, Belgravia, emphasise the decision has nothing to do with the state of business.
Indeed, both firms are known to have enjoyed an extremely successful Grosvenor House fair last month, with Jeremy reporting their best ever event.
Hotspur were founding members of the Grosvenor House Antique Dealers’ Fair in 1934 and have been BADA members since 1932. Jeremy have provided two past presidents of BADA.
Michael Hill, who with his brother John owns and runs Jeremy, told ATG: “We decided, bearing in mind our age, it was time to hang up our boots. There are no hidden reasons. Business is good and we had an unbelievable Grosvenor House. But purely and simply there comes a time when you can’t give the business 110 per cent. In this business one of us always has to be here, free time is difficult.”
Both brothers are in their 60s.
Regarding the joint decision with Hotspur, Mr Hill added: “We have been friends since 1959 and decided the time has come to allow other people in.”
Hotspur confirmed Robin Kern, the current owner and the third generation of his family to run the firm, wants to retire and spend more time at his house in France.
However, Mr Kern will maintain a London presence and act as a freelance consultant, advising clients. He will continue to vet at Maastricht and the Biennale.
Christie’s confirmed the joint sale will be in November but said: “All further details are yet to be announced.”
Neither firm has yet decided exactly when they will cease trading.
Jeremy, however, will not be at the International fair in New York in October where they have exhibited since its launch in 1989.
By David Moss
