Yvon Lambert Announces Closure of New London Space

Published: March 16, 2009

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LONDON—Yvon Lambert will close its London branch at the end of the month, Bloomberg reports. The gallery, which also has outposts in Paris and New York, opened the London space last October, during the Frieze art fair, in a 7,000-square-foot industrial building in Hoxton Square.

"In this period of tightening of the market, what you want is to consolidate what is crucial for you," said Olivier Belot, the general director of Yvon Lambert. "Paris and New York are the two crucial centers for the gallery."

Belot added that despite the good deal on rent that Lambert has been receiving from Alex Dellal, the landlord of the London space, producing exhibitions for three galleries has become "extremely expensive." After the branch's first show, of work by Mexican artist Carlos Amorales, making sales in London became difficult.

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"The timing was very bad," said Belot.

The space will close with a show of photographs by Andres Serrano titled "The Unbearable Lightness of Being" and on view through March 28.

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