International auction house Christie's has announced plans to close its South Kensington showroom.
The auctioneers says it is considering consolidating into one sales site in London as a result of online-only art sales growth.
That would see the flagship headquarters in King Street in St James's retained at the expense of the showroom in Old Brompton Road .
Christie's chief executive Guillaume Cerutti said: “Following our success in leading the development of online-only art sales and growing our global client base through our investments in Asia and other regions, we are considering shifting more sales into our key regional hubs and online.
“This means we are now considering consolidating into one sales site in London and changing our sales offering in Amsterdam.”
The auction house goes on to say: “The current proposal is to offer a single destination to collectors in London creating a vibrant hub at the flagship King Street headquarters to offer a fuller, broader range of sales at a wider range of price levels.”
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