In the evening of 24 May 2004 fire broke out in a Momart storage warehouse in Leyton, East London.

The warehouse was in the center of a large industrial building that also housed 33 other businesses, such as auto repair shops, around the periphery. Several of the other tenants used acetylene, oxygen, or propane gas cylinders.

The central warehouse was sublet from a household moving company and had been originally used by Momart to store empty crates for artwork that was on exhibit in galleries and museums. At some point, the company began storing the artwork itself in the unguarded, unalarmed, non-temperature-controlled warehouse. Arson investigators determined that burglars started the fire in an attempt to cover up the theft of consumer electronics from one of the other businesses in the building.

The blaze, which continued to smoulder for nearly a day, destroyed almost all of the artworks stored within. As well as works from other collections, over a hundred items from the Saatchi collection of so-called Britart were lost. Charles Saatchi later commented "Many of these pieces are great personal favourites and irreplaceable in British Art." Some of the artists themselves were, however, more reticent; Tracey Emin admitted "I'm upset, but I'm also upset about those whose wedding got bombed [in Iraq, on May 19], and people being dug out from mud in the Dominican Republic."

Other collectors who lost art treasures included the author, Shirley Conran and the artist, Gillian Ayres.

Art industry insiders noted that the insurance value of the works lost in the fire, particularly the "Britart" works in Saatchi's collection, would be many times their initial purchase price, and that a comparable rise could be expected in the market values of the remaining (and future) works by artists whose works were lost. One art insurance specialist valued the lost work at £50m.

Uri Geller visited the site "with a shovel and a roll of garden bin-liners" to salve the remains. Entitled "RIP YBA" the remains were housed in perspex containers as a memorial by the contemporary artist Stuart Semple, as a commission by Geller. The work was subsequently offered to the Tate after several bids were rejected, creating a legal debate concerning the ownership of the remains from the fire.

Christopher Redgrave, son of William Redgrave, whose major sculpture The Event was in the fire, visited twice and manage to retrieve over 30 out of 228 bronze figures, though cutting his hands badly in the process. He described the scene:

There was a smell of rotting food, rotting chips, rotting meat from one of the units Momart shared the building with ... There were bits of glass hanging from the roof. I had to climb over steel girders. It looked like a twisted rollercoaster that had crashed.

As far as is known he is the only person out of the artists or artists' relatives to have been to the site; he said, "this building was inappropriate for what they are doing. There's no way around that."

At Christmas, 2004, Momart commissioned the Chapman Brothers to design their Christmas corporate gift. They produced a spoof Momart zippo lighter. Dinos Chapman commented:

We didn't have to think very hard. Our work burns, the company comes to us: there's a trajectory. What else could we do, but come up with the idea of a Zippo lighter with the word Momart on it?.

Works known lost in fire

Patrick Caulfield
Hedone's
Helen Chadwick
Cyclops Cameo
Opal
8 other works
Jake and Dinos Chapman
Hell
Michael Craig-Martin
Mood Change One
Dexter Dalwood
Che Guevara's Mountain Hideaway
Tracey Emin
Everyone I Have Ever Slept With 19631995 (1995)
The Last Thing I Said Is Don't Leave Me Here (The Hut) (1999)
Patrick Heron
Many works
Damien Hirst
several paintings
unknown other works
(also works by other artists, owned by Hirst)
Craigie Horsfield
Carrer Muntaner, Barcelona
Gary Hume
Dolphin Painting No1
Sarah Lucas
Down Below
Martin Maloney
Sony Levi
(plus at least 19 other works)
Tim Noble and Sue Webster
Miss Understood and Mr Meanor
Chris Ofili
Afrobluff
Richard Patterson
Motocrosser II
William Redgrave
The Event
Gavin Turk
Floater
Rachel Whiteread
unknown

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