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American Focus > Blog > Culture and Arts > Market Uncertainty Didn’t Dampen Sales at This Year’s Armory Show
Culture and Arts

Market Uncertainty Didn’t Dampen Sales at This Year’s Armory Show

Last updated: September 6, 2024 5:57 pm
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Market Uncertainty Didn’t Dampen Sales at This Year’s Armory Show
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The Armory Show, New York City’s largest art fair, kicked off on September 5 with a buzz of excitement in the air. Collectors, art advisors, and VIPs flooded the Javits Center, eager to discover new pieces to add to their collections. Despite some concerns about the art market downturn, caused by rising prices and lower sales at auctions, galleries remained optimistic as they showcased their artists’ works.

Stefano Di Paolo from Tribeca’s Anat Ebgi Gallery highlighted the importance of focusing on long-term institutional placements for artists, rather than speculative sales. This approach seemed to resonate with buyers, as galleries reported strong sales throughout the fair. Kasmin, a prominent Chelsea gallery, sold pieces by Robert Motherwell and Walton Ford for high prices, indicating a continued interest in established artists.

However, it was the debut of women artists that stole the spotlight at this year’s Armory Show. Artists like Emily Weiner, Gabrielle Garland, and Naudline Pierre quickly sold out their works, showcasing the growing demand for female artists in the art world. Dana James, a first-time exhibitor, found success with her paintings at Hollis Taggart, attracting new collectors with her unique blend of beauty and menace.

Berry Campbell, a women-owned gallery, also saw strong sales of works by Nanette Carter, Yvonne Thomas, and Lynne Drexler. The gallery’s commitment to showcasing excellent and historic pieces drew in buyers looking for the next big thing in the art world. Tierra Del Sol, a gallery working with artists with developmental disabilities, presented a collection of abstract paintings by Michael LeVell, showcasing the power of art to transcend barriers.

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Elizabeth Leach Gallery featured Native artist Sara Siestreem’s revitalization of traditional basket weaving practices from the Hanis Coos tribe. Siestreem’s innovative approach to preserving her tribal heritage through art captivated viewers and institutions alike. The success of her work demonstrated the market’s growing interest in diverse and culturally significant art.

Overall, the Armory Show proved to be a vibrant and successful event, showcasing a diverse range of artists and styles. Despite challenges in the art market, galleries and artists alike remain resilient and continue to push boundaries in the ever-evolving art world.

TAGGED:ArmoryDampendidntmarketSalesShowUncertaintyYears
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