May 8, 2017, New York, NY: The inaugural edition of TEFAF New York Spring ran from May 4-8, 2017 at the Park Avenue Armory. It provided a new art platform for Manhattan and an immersive visual experience for its 15,000 visitors and demonstrated the far reaching international appeal of its 93 illustrious exhibitors. TEFAF New York Spring attracted 4,000 guests to the VIP Preview on May 3rd and garnered positive reviews from the press, collectors, institutions and members of the global art community. Museum caliber art and design dealers, and a small number devoted to jewelry, African & Oceanic art and antiquities, exhibited side-by-side to create a vibrant visual mix.
TEFAF New York Spring engaged the visitor with curated salon-like environments created by the dealers throughout the first and second floor rooms and the Wade Thompson Drill Hall. The exceptional pieces presented by the exhibitors drew sales from the first minutes of the Fair. Appetite for top quality blue chip Modern and Contemporary Art & Design alongside other categories was evident from the scope of sales reported by the exhibitors. Both private and institutional buyers acquired some of the finest and rarest works available on the market, with sales reported across all price points and throughout all collecting categories.
“I am blown away by the extremely warm reception and heartening support we received from the City of New York and the global art community for this inaugural edition of TEFAF New York Spring,” comments Patrick van Maris, CEO of TEFAF. He added “Collectors and institutions from all around the world who attended the fair blended in perfectly with the New York based visitors. This, combined with the expertise of our exhibitors and the uniquely high quality of their presentations, resulted in a very dynamic event with strong sales and new relationships being forged throughout the fair.”
TEFAF New York Spring is one of the two events TEFAF has launched in New York as part of a joint venture with Artvest Partners. Principals Jeff Rabin and Michael Plummer serve as Managing Directors of both TEFAF New York fairs. Says Mr. Rabin "The Fair was a tremendous success and exceeded our highest expectations. The cultural programming was extremely well received and further enhanced the overall visitor experience.” Mr. Plummer added, “the expertise and goodwill of our cultural partners and eminent institutional figures was remarkable. We are proud and pleased that TEFAF has so quickly become an integral part of the New York art scene and has been accepted in such a profound way."
"I am very excited about this successful new chapter in TEFAF's history,” comments Nanne Dekking, TEFAF Trustee and CEO Artory, Inc. New York. He continues “TEFAF New York Spring sets very promising standards for the future and it further secures TEFAF’s reputation as a trusted brand of excellence."
EXHIBITOR COMMENTS ON TEFAF NEW YORK SPRING:
“In its sophisticated manner, TEFAF New York Spring is providing a today much needed sanctuary in which to look at great works of art in a time-pressure free zone. This allowed for a true exchange between the exhibitors and the visitors to make well informed decisions. Our sales were accordingly spread out from the VIP opening all the way through.” - Mathias Rastorfer CEO & Co-Owner Galerie Gmurzynska
"TEFAF New York Spring sets the standard to what fairs should be like. It is beautiful, filled with collectors and museum curators. It is great to be here." -Hans P Kraus, Jr
"We appreciate how TEFAF New York Spring approaches the Park Avenue Armory, as we enjoyed being in a historic room upstairs--this is truly unique. For TEFAF New York Spring, we found it important to respect the historic integrity of the space while adding new elements to fit the modern and contemporary fair. It is all about mixing, which has been a longstanding focus of our gallery. TEFAF continues to showcase the highest standard with TEFAF New York Spring, and we are very pleased." - Robert Lauwers, Axel Vervoordt Gallery
Commenting on its Mondrian-style booth design in celebration of the 100th anniversary of De Stijl. "TEFAF fairs are distinguished in their presentation and design, and TEFAF New York Spring continues this high standard. This is with the fair overall, as well as how the individual galleries design their booths to showcase their material." - James Roundell, Director of Dickinson Gallery and TEFAF Trustee.
“Lisson Gallery was pleased to participate in the inaugural spring edition of TEFAF New York with a solo booth of works by Carmen Herrera. We had strong interest from the presentation of Herrera’s early paintings which were created during the artist’s post-war years in Paris c. 1948 – 1953, and many of which had never been shown. We were pleased with the fair experience, and with the busy opening days. There was a great deal of sales interest in the presentation, with work headed to a major museum. With the exhibition of recent work at our Tenth Avenue gallery, this early work from her Paris years, and her 102nd birthday in a few weeks, we are happy that the inaugural edition of TEFAF in New York helped to create another exciting moment for Carmen." -- Alex Logsdail, International Director, Lisson Gallery
TEFAF NEW YORK SPRING -- A SAMPLING OF SALES:
White Cube sold Joan Mitchell’s Syrtis (1961), sold for $6.75 million
David Tunick sold Henri Matisse’s (1869-1954) ‘Jazz’ from 1947, a complete portfolio of twenty pochoirs as well as Fernando Leger’s (1881-1955) Les Constructeurs, The Builders, dated 1950 in Gouache and pencil on paper mounted on cardboard by the artist. Signed in pencil “F-L 50” middle right Annotation: Titled and signed in brush on the verso, “Souvenir/ les “Constructeurs”/Amigo /F. Leger”
DeLorenzo Gallery was successful in selling an array of important pieces including a Judy Kensley McKie "Anteater" Bronze Bench to a collector in Canada; a set of 4 Pierre Chareau wall sconces that will be heading back to Paris. An Aublet and Delaunay lamp table lamp that will be staying in a very important collection in New York; an iconic Tiffany "Wisteria" table lamp which sold to an important figure in the music industry; and a set of 27 Motherwell Prints to an important New York collector. A major highlight of Delorenzo stand -- a Pierre Chareau Chair (c. 1927), a single “MF 158” armchair in Macassar ebony and silvered bronze with golden upholstery, signed underneath – sold at the beginning of the fair.
James Butterwick sold Natalia Goncharova’s “L’Arbre Rose – Printemps” (1912) by for $25,000 -- Signed by the artist, gouache on paper.
Leon Tovar Gallery sold 7 works by Jesús Rafael Soto, Carmelo Arden Quin, Fanny Sanin, among others. Approximately ¾ of the works were sold to museums, and others were acquired by private collections.
Mazzoleni, specialists in post-war Italian art, sold two pieces by Alberto Burri (1915-1995) to international collectors for $1.3 million and for $450,000
Petzel Gallery: Dana Schutz’s (Livonia, 1976) Self-Eater (2003) for $400,000
Yufuku Gallery – Niyoko Ikuta’s “Free Essence” (2017), laminated sheet glass. “Skyscraper” by Masaki Yonemoto (2017), cut and polished sheet glass.
TEFAF is a not-for-profit foundation acting as an expert guide for both private and institutional collectors in a global art marketplace, and inspiring lovers and buyers of art everywhere. TEFAF now runs three Fairs internationally: TEFAF Maastricht, TEFAF New York Fall and TEFAF New York Spring.
About TEFAF New York
A joint venture between TEFAF and Artvest Partners, TEFAF New York was founded in early 2016 to host two annual art fairs in New York at the Park Avenue Armory, TEFAF New York Fall and TEFAF New York Spring. Each Fair feature over 90 leading exhibitors from the around the globe. Tom Postma Design, celebrated for its innovative work with leading museums, galleries, and art fairs, has developed designs for the Fairs that interplay with the spectacular spaces while giving them a lighter, contemporary look and feel. Exhibitor stands will flow throughout the Armory’s landmark building encompassing the Wade Thompson Drill Hall and extending to both the first and second floors of the Armory’s period rooms, creating a Fair of unprecedented depth and impact in New York City.
TEFAF New York Fall 2017 will be held October 27 through 31, 2017.
About TEFAF Maastricht
TEFAF Maastricht, the world’s leading art and antiques air, champions the finest art dealers and experts from around the world. It was the first art fair to be run by dealers for dealers, and inspires lovers and buyers of art everywhere. TEFAF is a not-for-profit foundation acting as an expert guide for both private and institutional collectors in the global art marketplace. The 31st edition of TEFAF Maastricht will be held in the Maastricht Exhibition & Congress Centre from March 9-18, 2018.
Since 2005, TEFAF has been supporting research and international collaboration by means of a special Chair of Oncology at the research institute GROW, the School for Oncology and Developmental Biology at the Maastricht University Medical Centre.
Artvest Partners LLC is an independent art advisory firm founded by Jeff Rabin and Michael Plummer who counsels private clients, museums, foundations, and Fortune 500 companies on valuations, market trends, acquisitions, dispositions, and business strategies related to art. Additionally, Artvest arranges art financing for private collectors and dealers. Since its founding in 2009, Artvest has guided clients from around the globe on projects in the billions of dollars. In 2014, Artvest was named as an Expert Witness for the Detroit Institute of Arts and the City of Detroit in the City’s Chapter 9 bankruptcy trial. From 2014 to 2016, Artvest owned and managed Spring Masters, an art fair held annually in May at the historic Park Avenue Armory. www.artvest.com
About TEFAF’s Sponsors:
Invaluable – TEFAF Marquee Sponsor
Invaluable is the world’s leading online marketplace for fine art, antiques and collectibles. With best-in-class online bidding technology, along with a fixed-price retail platform, Invaluable provides sellers with e-commerce and marketing solutions, as well as auction management software. Headquartered in Boston, Invaluable also has offices in the United Kingdom, France, Germany, Belgium and Australia. For more information, visit www.invaluable.com or follow Invaluable on Twitter at @InvaluableLive.
Athena Art Finance
Launched in October 2015 with $280 million of equity capital led by the Carlyle Group and investors of the private equity unit of the Pictet Group, Athena is an independent specialty finance company, dedicated to serving the financing needs of the global art market. Building upon the strength of its founding shareholders, The Carlyle Group and investors of the private equity unit of the Pictet Group, Athena specializes in lending solutions secured by blue-chip fine art collections. www.athena-art.com
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