Agnew's Sells Old Bond Street Premises

Fine art dealers, Agnew's, have sold their gallery space at 43 Old Bond Street to Italian fashion house, Etro.

The family firm had been at the site since 1877 when Sir William Agnew had it built. Current chairman, Julian Agnew, has announced that the company is looking for a smaller space to move to, since a large proportion of their work is now conducted outside of the gallery anyway, at art fairs in the UK and overseas.

Speculation suggests that the sale might have been worth about £24million to Agnew's, and they are now looking for new premises in Mayfair or St James where they will focus more attention on contemporary British art.