Heath Lambert has confirmed it is the broker for the Momart specialist art storage company.
A Momart warehouse in Leyton, East London was destroyed after fire swept through the industrial estate where it was located. Works of art worth “tens of millions” are believed to have been destroyed in the blaze.
Heath Lambert also said it represented a variety of individuals and organisations who had works of art in the warehouse.
Among the collectors, dealers and institutions who stored work with Momart was Charles Saatchi. Several well-known pieces in his modern art collection are said to have been lost.
Heath Lambert said any claims from the fire would be spread throughout the specialist providers within the Lloyd's and company markets.
Executive director Richard Northcott said: “This type of incident is exactly why the insurance market exists, and so far we have received a very positive response from the various insurers involved.
“The Leyton facility is one of several operated by this client, with the vast majority of its business operations unaffected.
“We are working closely with all of our clients to ensure that the remainder of their businesses and their other facilities continue to run smoothly.
“It is too early to say what impact, if any, this loss will have on insurance rates and capacity in the specialist art market.”
According to reports, the fire started in another unit on the Leyton industrial estate, spreading to the Momart warehouse. It is though that approximately 32 units were destroyed in the blaze.
Loss adjusters are expected to be allowed on the scene today.
