On 30 November 2017, MCH Group acquired 67.5% of the shares in Masterpiece London Ltd, which organises the art fair at the Royal Hospital Chelsea in London each summer.
The remaining shares are held by the current shareholders.
With the integration of Masterpiece London, MCH Group is further expanding its already strong position in the key global collectors’ markets.
Presenting the finest works of art from antiquity to the present day, and with a unique focus on cross-collecting, Masterpiece London ideally complements MCH Group's collector events portfolio with Art Basel (in Basel, Miami Beach and Hong Kong), the Design & Regional Art Fairs and the newly launched Grand Basel for exclusive automobiles, which will premiere in Basel in 2018. Masterpiece London and Grand Basel will be staged at further locations in the USA, Asia and the Middle East over the next few years.
Masterpiece London Ltd was founded in 2008, the first edition of the fair was in 2010. At the fair, 150 leading galleries and specialists present to new and established collectors, exceptional works of art from every major market discipline, including ancient and contemporary art, rare books and photography, design and antiques, jewellery and ceramics. Masterpiece London is one of the leading events of its kind today and will retain its unique DNA and autonomous brand. Managing Director Lucie Kitchener, with the current ten-strong team, will be responsible for the new Business Unit within MCH Group under the leadership of CEO René Kamm. She joined Masterpiece London in January 2017 having previously held senior roles in the luxury goods sector. Philip Hewat-Jaboor will continue as Chairman of the Fair. The three founders, Harry Apter, Simon Philips and Harry Van der Hoorn will continue to support the management team in the Board, together with Board Advisor, Ruth Kennedy.
René Kamm, CEO of MCH Group, commented: "We are impressed by the unique concept of Masterpiece London and its successful development in the past few years. Masterpiece London is the perfect match for MCH Group’s 'Global Collector Events Strategy'. It unites collector groups from different sectors and holds great development potential. MCH Group is setting out to support the fair in its further development, enabling them to expand their position to new regions. It is our common objective to strengthen our position in the buoyant global collector market calling for new collector events."
Lucie Kitchener, Managing Director of Masterpiece London, said, “We are delighted to announce MCH Group’s acquisition of a majority stake in Masterpiece London Ltd. Masterpiece London has established itself as one of the world’s leading fairs for the finest works of art from antiquity to the present day since its first edition in 2010. With a focus on cross-collecting, Masterpiece London perfectly complements MCH Group’s existing portfolio of high calibre art fairs. We are excited at the prospect of expanding Masterpiece London internationally. We believe that our unique approach and offer, will prove a great success in new territories.”
Masterpiece London’s ninth edition will take place from 28 June to 4 July 2018 at the Royal Hospital Chelsea.