NEW YORK, NY.-
The second edition of TEFAF New York Spring
opened on Friday, May 4, 2018 at the historic Park Avenue Armory, following a packed preview day on Thursday, May 3. In the first two days, the Fair saw the attendance of major collectors and international institutions, resulting in significant sales across the Fair. The opening coincided with the launch of the TEFAF Art Market Report: Art Dealer Finance written by Anders Petterson of ArtTactic. Focused on art dealer finance, the report is the first survey of its kind, and the second edition of TEFAFs new in-depth reports that concentrate on a variety of subjects in the art market.
New to TEFAF New York this year is the installation of five monumental works in the public spaces of the Armorys Drill Hall, utilizing the buildings unique architectural elements. These are Anselm Kiefer's (b. 1945) Merkaba (Nr. AKl-1063) (2004) from Beck & Eggeling (Germany; stand 2), acquired directly from the artists studio through Galerie Thaddeus Ropac; Robert Rauschenbergs (1925 2008) Shuttle Buttle/ROCI USA (Wax Fire Works) (1990), and John Chamberlains (1927 2011) Karankawas Falls (2003) from Edward Tyler Nahem Fine Art (USA; stand 86); Alexander Calder's (1898 1976) Les Trois Barres (1970) from the Alexander Calder Foundation from Van de Weghe (USA; stand 8); and Robert Motherwell's (1915 1991) painting Arabesque (1989) from Galerie Gmurzynska (USA; stand 18), an homage to The Dance by Henri Matisse (1869 1954) at the Barnes Foundation, Philadelphia.
Among the works that sold within hours of the Fairs opening are:
Philip Gustons (1913 1980) painting Forms on Rock Ledge (1979), sold by Hauser & Wirth (UK, USA, Hong Kong; stand 25) immediately upon the Fairs opening for $5.5 million.
Jean-Michel Basquiats (1960 1988) Extra Cigarette (1982), sold by newcomer Lévy Gorvy (USA, UK; stand 24), for approximately $5 million. The gallery also sold Andy Warhols (1928 1987) Brillo Soap Pads Box (1964/1969) for around $1 million; Günther Ueckers (b. 1930) Diagonale/Vertikale Struktur (Diagonal/Vertical Structure) (1965) in the range of $1.3 million; and Yayoi Kusamas (b. 1929) Untitled (1953) for just under $1 millionall fresh to market, placed with established American and European collections, and prime examples of each artists oeuvre.
Two works by Josef Albers (1888 1976), were sold by David Zwirner (USA, UK, Hong Kong; stand 67); one for $1,750,000 and a second for $750,000.
A ceiling lamp (1925) designed by Danish architect Aage Rafn (1890 1953), sold by Modernity (Sweden; stand 28).
A copper urn (ca. 1902) by American architect and designer Frank Lloyd Wright (1867 1959); a Vautheret side table (ca. 1925) by French designer Emile-Jacques Ruhlmann (1879 1933); and Judy Kensley McKies (b. 1944) bronze Owl Vessel (2002), all sold by DeLorenzo Gallery (USA; stand 31).
French graphic artist Georges Hugnets (1906 1974) collage La septième face du dé (1936) was sold by Galerie 1900 2000 (France; stand 30).
New York-based artist Joe Bradleys (b. 1975) Blonde (2011), sold by Thomas Gibson Fine Art Ltd (UK; stand 85).
TEFAF New York Spring is accompanied by a dynamic roster of programs, including TEFAF New Yorks signature Coffee Talks series, panel discussions, receptions, and more. On opening day, panelists from the Asia Society, National Museum of African Art, Smithsonian Institution, Leon Tovar of Leon Tovar Gallery, and more came together with moderator Marc Pachter, Director Emeritus, National Portrait Gallery, Smithsonian Institution to discuss Art, Nationality and Global Modernism: Challenging a Well-Known Narrative. Later in the day, in a new series TEFAF Afternoons, Daniel Weiss, President, Metropolitan Museum of Art; Tom Loughman, Director, Wadsworth Atheneum; Kaywin Feldman, Director, Minneapolis Institute of Art; and Salvador Salort-Pons, Director, Detroit Institute of Art tackled Museums and the Community: When, Whether, And How Much to Charge? in a discussion moderated by Thomas Marks, Executive Editor, Apollo Magazine.
Notable attendees to the Fair have included collectors and philanthropists Ronald, Jo Carole, Aerin and Jane Lauder; art collector Patrizia Sandretto Re Rebaudengo; architect Peter Marino; fashion designer Tabitha Simmons; actresses Mary-Kate and Ashley Olsen; actress Sienna Miller; From the museum community, representatives have included Calouste Gulbenkian Foundation, Lisbon, Cleveland Museum of Art, Detroit Institute of Arts, Georg Kolbe Museum, Berlin, Getty, Guggenheim Museum, LACMA, Metropolitan Museum of Art, Minneapolis Institute of Arts, Museum of Fine Arts, Boston, Museum of Fine Arts, Houston, Museum of Modern Art, National Gallery of Art, Washington, National Museum of Africa Art, Smithsonian Institution, Neue Gallery, Rijskmuseum, Amsterdam, Wadsworth Atheneum, and Whitney Museum of American Art.
TEFAF New York Spring opening celebrations on Thursday, May 3 also included The Society of Memorial Sloan Ketterings third annual Opening Night Benefit, the proceeds of which will support The Societys patient care, research, and education programs at Memorial Sloan Kettering Cancer Center, as well as the acclaimed cultural programs produced by the Park Avenue Armory.
This years Fair, which runs through Tuesday, May 8, features 90 of the worlds preeminent dealers in modern and contemporary art and design, with 24 new participants, including Gagosian, Gladstone Gallery, Marian Goodman Gallery, Lévy Gorvy, Matthew Marks Gallery, Mnuchin Gallery, Taffin, and more. Sales were reported throughout the preview and opening day, from the opening moments until the floor closed at 8pm.