BgArt News Blog
Saturday, March 11, 2006
  Saatchi Gallery Debts
According to this report by the Guardian newspaper, the company that was set up to run the Saatchi Gallery in South Bank, London has has found itself in court for not paying a debt of £1.8 million.
Saatchi firm wound up with debts of £1.8m
"Mr Saatchi, who was earlier accused of "distortion, intimidation and evasion" in his dealings with the landlords, has already announced plans for a new gallery to display his collection, said to be the most important of British contemporary art in the world. It will open in Chelsea, west London, in 2007. A liquidator will now examine the assets of Danova.
However, a spokesman for Mr Saatchi said Danovo was purely the vehicle through which the lease for the County Hall building was held. It has no association with Mr Saatchi's artworks and no other recoverable assets. He said Mr Saatchi had offered to pay £1.6m in full and final settlement of the debt, adding: "That offer remains on the table."
Guardian

The new Saatchi Gallery at Kings Road, Chelsea looks impressive, and big enough at 50,000 square feet. See a virtual tour of the new gallery.
>> Arts News
 
BgArt News Blog Comments:
Damn, the new Saatchi gallery looks good. Plenty of room and plenty of class. It was probably a good move to get out of the old gallery.
I just hope painting stays in fashion! Dead sharks are so last week. Painting is the new brown.
 
Post a Comment

See our comments policy Comment spam will be deleted

<< Art News Home
BgArt News Blog - gallery reviews and art news
BgArt News Blog is a selection of visual art news, art reviews and art related stories online. We search the web for some of the more interesting art news stories published each day.
BgArt News Blog on Twitter BgArt News Blog on Facebook Subscribe to RSS Feed

ART NEWS CATEGORIES
Art Auctions / Art Competitions / Art Exhibitions / Art Museums / Books / Famous Artists / General Arts / Internet News / All Art News Archives / BgArt News Blog Home

ARCHIVES
August 2004 / September 2004 / October 2004 / November 2004 / December 2004 / January 2005 / February 2005 / March 2005 / April 2005 / May 2005 / June 2005 / July 2005 / August 2005 / September 2005 / October 2005 / November 2005 / December 2005 / January 2006 / February 2006 / March 2006 / April 2006 / May 2006 / June 2006 / July 2006 / August 2006 / September 2006 / October 2006 / November 2006 / December 2006 / January 2007 / February 2007 / March 2007 / April 2007 / May 2007 / June 2007 / July 2007 / August 2007 / September 2007 / October 2007 / November 2007 / December 2007 / January 2008 / February 2008 / March 2008 / April 2008 / May 2008 / June 2008 / July 2008 / August 2008 / September 2008 / October 2008 / November 2008 / December 2008 / January 2009 / February 2009 / March 2009 / April 2009 / May 2009 / June 2009 / July 2009 / August 2009 / September 2009 / October 2009 / November 2009 / December 2009 / February 2010 /

POSTS OF INTEREST
List of Art Scammers
List of Artist Studios
Most Expensive Living Artist
Who is Banksy?


BgArt News Blog INFO
SEARCH BgArt News Blog
Art Resources Online
About BgArt News Blog






Add to Google Reader or Homepage
Subscribe in NewsGator Online
Add to My AOL
Subscribe in Bloglines
Powered by Blogger