WASHINGTON, DC.- artDC organizers regretfully announced today their difficult decision to cancel the 2008 show due to the recessionary nature of the present economy.
artDC was set to return to the Washington Convention Center May 16 to 18 following last years inaugural success, but uncertain economic conditions were the deciding factor in cancelling this years show.
The world of art fairs has expanded globally while galleries and dealers are narrowing their field of participation to the proven markets, such as New York and Miami.
We were excited to be bringing this modern and contemporary art show back to our nations capital, but current indicators show that the return on investment is not there for our exhibitors in this economic climate, said Eric Smith, Vice President of Summit Business Media, which runs artDC.
However show organizers plan to continue other events in more established markets, including New York and Miami, and have not ruled out bringing artDC back in the future.