Partridge Fine Arts Enters Administration - FAD Magazine

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Partridge Fine Arts Enters Administration

A Selling exhibtion of the Recent Works of Keith Grant opens 2nd December
Partridge Fine Art, the dealership set up in 1902 to buy antiques for Queen Mary, was placed into administration yesterday.

The business, sells to private clients, designers and institutions such as the Metropolitan Museum of Art, the British Museum and the J Paul Getty Museum.

Andrew Stoneman and Matt Bond, partners in MCR, have been appointed joint administrators and the business is trading as normal.

Mr Stoneman, a partner in MCR, said that it was too early to determine the reasons why Partridge had gone into administration. A spokesman said that the tough economic climate was likely to be the main reason for the group’s downfall. It is unclear how many jobs were at risk.

“We are concentrating on saving the business and selling the store as a going concern, thus saving a piece of history as well as the employment of those working there,” Mr Stoneman said. “We are confident that there will be a significant amount of interest.”

Partridge operates out of a purpose-built four-storey listed building in New Bond Street, Central London, called the “Palace of the Arts”. It maintains photographs of every item that it has sold since the Second World War. via (The Times)
Renowned art dealership falls into administration (The Guardian)



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