Positive Signs of Turnaround in Armory Show Opening Sales Defy Art Market ‘Doomsayers’
In the midst of market uncertainties, the VIP preview of The Armory Show in New York brought optimism to dealers, advisors, and collectors. Despite recent trepidation and a slow art market, significant sales were reported, signaling a positive turnaround. Galleries such as Hollis Taggart and Berry Campbell Gallery saw success, with notable sales of artworks fetching high prices. Collectors showed eagerness to purchase, dispelling concerns of a market contraction. The fair also featured works referencing current events, including those related to the upcoming US presidential election.
With a new owner under Frieze, the 30th anniversary of The Armory Show proceeded smoothly, maintaining its reputation as a leading art fair. Sales at the event reached substantial figures, with galleries like Kasmin and Tang Contemporary Art reporting notable transactions. Notable prizes were awarded to emerging artists and galleries, reflecting a diverse range of talent showcased at the fair. The grid-like layout and curated sections added a fresh dynamic to the show, enhancing the overall experience for attendees. Despite industry challenges, the fair’s positive atmosphere and strong sales indicate a resilient and promising future for the art market.
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Cillian O’Rourke, studied at the National College of Art and Design in Dublin, Ireland, where he majored in Visual Communication. His work spans graphic design, illustration, and branding, with a distinct minimalist style that emphasizes simplicity and impact. Cillian has collaborated with international brands and runs his own design studio focusing on creative solutions for startups.