The Armory Show 2010
You’d never know the economy is still stuck in the mud with some of the outrageously high bids fetched at art auctions in the last year. Andy Warhol’s dollar bill painting went for $43.8 million, a Matisse still life of cowslips went for $45.6 mil and a chalk drawing by Raphael topped them all at $47.5 mil. Of course contemporary art is going for slightly less. A lot less, actually. Sotheby’s London contemporary auction brought in a total of $26 mil, the lowest in 5 years. That said, it will be interesting to see how sales go at The Armory Show this week in NY.
Now in its 12th year, The Armory Show is one of the most important fine art fairs in the world. It continually draws an international crowd, both in visitors and exhibitors, including representation from more notable galleries and dealers than many of the other art fair opening this week can boast. The Armory Show is divided into two groups: “new work by living artists” at Pier 94 and Modern art from “dealers specializing in historically significant Modern art” at Pier 92. If this past year’s auction numbers are any indication, Pier 92 will probably fare better, but we’ll have to wait for the numbers at the end of the week.