Armory Show
Holland Cotter has an article in the NYTimes that sums up the Armory show quite nicely - with special emphasis on the fact that we’re in a down market and we’re trying to sell a bunch of art in a sector (art fairs) that have been typically very lucrative.
The Armory Show, which is on through Sunday, has always been closely watched for what it has to say about the health of the art market. Scrutiny will be particularly intense this year. And while sales tallies can’t be known for some days, observers may perceive advance indicators of distress.
For one thing, several fair stalwarts, who are also large art-world names, have not returned this year, among them Lehmann Maupin, Friedrich Petzel, Greene Naftali, the Project, Patrick Painter and Matthew Marks. Mr. Marks’s absence carries particular psychological significance, as he was — along with Pat Hearn, Colin de Land and Paul Morris — one of the fair’s founders 15 years ago.
It was very interesting to be at the fair because I could completely feel this same pulse that the article talks about. I could feel how people were feeling, I could feel which galleries were selling and which weren’t, I could really get a feel for the scope of the art market. Keep an eye out for numbers in the coming week.
3 years ago | Tags: art art fair Armory Show Art market
