This 12 months’s version of The Artwork Present, an annual artwork honest held by the Artwork Sellers Affiliation of America (ADAA) in New York since 1988, has been known as off by organisers in what was termed a “strategic pause” in an e mail despatched to ADAA members this week. The information was first reported by Artnews.
“This can be a pause, not a cancellation of the honest,” a spokesperson for the ADAA informed The Artwork Newspaper in an announcement. “This choice was not a response to monetary stress, nor was it a mirrored image of exhibitor curiosity—our members stay deeply engaged and dedicated.”
The ADAA says it can use the time to reassess and strengthen The Artwork Present’s honest mannequin. All exhibitors have been contacted, and organisers have outlined subsequent steps for refunding exhibitor charges, a spokesperson informed The Artwork Newspaper. The honest will reconvene in 2026, organisers informed members of their e mail, including the pause “permits us to guage how finest to assist our members, companions and the broader arts neighborhood in an evolving cultural and market panorama”.
In April, the newest Artwork Basel/UBS Artwork Market Report discovered that world gross sales of artwork and antiques fell for a second consecutive 12 months in 2024, by 12% to an estimated $57.5bn. Concerning artwork gala’s, particularly, the research discovered that whereas sellers reported gross sales elevated barely year-on-year, the share of gross sales made at gala’s and different dwell occasions nonetheless do not match what they had been earlier than the Covid-19 pandemic.
The Artwork Present was slated to start on 28 October with a profit preview to boost cash for Henry Avenue Settlement, an organisation primarily based on Manhattan’s Decrease East Facet that helps social providers, arts and healthcare programmes for New Yorkers. As an alternative, the ADAA is now directing donations to a web based fundraising marketing campaign. Having raised greater than $38m for Henry Avenue Settlement over three a long time, The Artwork Present has been the nonprofit’s largest fundraiser.
“That chapter has come to a detailed, and we’re grateful for the influence we achieved collectively,” the ADAA spokesperson stated in an announcement about its partnership with the Henry Avenue Settlement. “Because the cultural panorama shifts, the ADAA is evolving to satisfy the second—refocusing our philanthropic efforts to assist a broader, nationwide arts ecosystem.”
Final 12 months, the ADAA launched a brand new programme at The Artwork Present known as Highlight On…, supposed to focus on member gallery stands from cities outdoors of New York.
