Gagosian Gallery, one of the wealthiest galleries in the world, will open a 15th exhibition space in London’s Mayfair in early October this year. 

The 18000 square-foot gallery will be at 20 Grosvenor Hill, at the heart of London’s Mayfair. This third space is indicative of the important role that London now plays in the American dealer Larry Gagosian’s global empire. He first launched a gallery in London in 2000, and now has a large gallery on Britannia Street, in King’s Cross and a ‘shop window’ show room on Davies Street in Mayfair. The Art Newspaper calculates that the combined square footage of its galleries is now nearly ten times that figure, spread across 8 cities across the globe.

The new gallery space has been designed by the firm Caruso St John, who have worked on several of Gagosian’s other spaces, as well as high profile art projects such as the recent Tate Britain renovation and the New Art Gallery Walsall.

The gallery will open the week before Frieze London with a Cy Twombly show, which will include previous unseen works from one of his most celebrated series of paintings.

Since 2011 many global commercial galleries – such as David Zwirner, Pace, and Dominique Levy – have moved to Mayfair, a trend that the New York Times has called an ‘obligatory investment’.

But Mayfair has always been a hub for the art world. This July, Brown’s London Art Weekend will celebrate 150 years of galleries and great art being in the area; clearly a phenomenon that shows no sign of abating.