London

Christie’s is weighing up options for the sale of the lease of its Old Brompton Road premises after it held its last sale before closing the popular South Kensington auction rooms.

Nic McElhatton, former chairman of Christie’s South Kensington, is leaving to set up his own business that will see him move between the worlds of auctions and private sales.

Roseberys has made a swoop for senior Christie’s South Kensington former heads as the south-east London auction house signals its mid-market ambitions.

The farewell party for Christie’s South Kensington, around the corner from Old Brompton Road at The Kensington Hotel on July 19, was a melee of former staff, clients and friends of the auction house. So packed was the room, moving from one end to the other was tricky.

Landmarks along the Christie’s South Kensington memory lane...

With the disappearance of Christie’s South Kensington the London market is in a state of flux. ATG looks to the future and considers the opportunities for the firms that seek to take its place.

In the lead-up to Masterpiece, the organisers suggested that, despite the high-quality offered, the fair offers more than just the astronomically expensive.

South London auctioneer seizes chance to hire specialists as it looks to plug gaps in its offer...

At just after 10am on July 19, William Porter – the first of four carefully chosen auctioneers – climbed the rostrum to a ripple of applause from an audience of two dozen staff and a dozen or so buyers. “Ladies and gentlemen. Welcome to Christie’s South Kensington and welcome to the Interiors sale.” Long pause. “For the last time,” he said. “Boo,” heckled a voice from the front.

London Art Week (June 30-July 7) had its first run as a biannual event organised by a limited company.

The closure of Christie's South Kensington has meant several firms are vying to gain a slice of the market in one of London's wealthiest area as well as draw the specialist staff who are moving on.

ATG's selection of quotes about the closure of Christie’s South Kensington...

An extraordinarily rich and varied crop of book sales have taken place this summer.

A superb set of decorated armour sold at Sotheby’s (25/20/12% buyer’s premium) is believed to have set a record. The £880,000 hammer price for the three-quarter-length cuirassier protection is believed to be the highest auction result for 17th century armour.

I grew up with Christie’s South Kensington. In late 1975, when I joined the fledgling four-year-old Antiques Trade Gazette, CSK was in its first year of existence.

Fine art was a leading field at Masterpiece London (June 28-July 4) which, despite some challenges, retained and even reinforced its position as a top international fair during its most recent run.