Newspaper article The Evening Standard (London, England)

Bond St Not the Spot for Hirst as He Quits Gallery

Newspaper article The Evening Standard (London, England)

Bond St Not the Spot for Hirst as He Quits Gallery

Article excerpt

Byline: Laura Chesters

DAMIEN Hirst is to ditch his Bond Street outpost, becoming the latest gallery to quit Mayfair.

Hirst, the world's richest artist with an estimated PS200 million fortune, cofounded Other Criteria a publisher, retailer and gallery business in 2008. The spot, next to Sotheby's at 36 New Bond Street, has hosted sales of everything from jewellery to sculptures.

But now Other Criteria has hired property agent Levy to sell the lease, where the rent is PS435,000 a year, and will seek a larger space.

A spokesman for Other Criteria said the group wants to triple its existing size and is shortlisting locations in the West End, in places such as Soho. It is also set to open in New York's SoHo this spring.

Other Criteria is following a number of auction houses and galleries that have moved from Bond Street, largely due to rising rents and demand from high-class retailers in the area.

Antiques auction house Mallett & Son relocated from Bond Street to Dover Street after Italian brand Fendi paid PS1. …

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