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The article examines the seductive and often corrupting influence of extreme wealth in the art world, detailing how high-end dealers, advisors, and collectors indulge in lavish lifestyles involving private jets, couture, and exclusive parties. It highlights recent scandals, including the imprisonment of art dealer Inigo Philbrick and advisor Lisa Schiff for defrauding clients, and a new legal battle between prominent art advisors Barbara Guggenheim and Abigail Asher, who accuse each other of misappropriating millions to fund luxury expenses.

ADAA Art Show 2016 Review

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The Art Dealers Association of America (ADAA) kicked off Armory Week with its 2016 edition of The Art Show at the Park Avenue Armory. The fair is characterized by a high concentration of solo-artist presentations, featuring a diverse range of works including Milton Avery's paintings, Jasmin Sian's intricate paper deli bags, and Deborah Butterfield's bronze horse sculptures. Notable highlights include Maria Elena González’s player piano rolls based on birch bark patterns and a strong showing of female artists like Gillian Wearing and Mary Bauermeister.

art dealers association cancels 2025 edition of new york fair 2668781

The Art Dealers Association of America (ADAA) has canceled the 2025 edition of its annual New York art fair, The Art Show, which was scheduled to open at the Park Avenue Armory on October 28. The decision was communicated to members via email and confirmed by ADAA president Susan Sheehan, with the board citing a strategic pause to reimagine the fair for long-term sustainability. The fair has been a staple of the New York social calendar, with its VIP opening night serving as a fundraiser for the Henry Street Settlement, raising over $38 million for the nonprofit over three decades.

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The Art Dealers Association of America (ADAA) has launched a digital guide on Bloomberg Connects, a free arts and culture app developed by Bloomberg Philanthropies. The guide aggregates information on more than 200 member galleries across the United States, including exhibition listings, public programs, archival material, an interactive map, weekly openings, and interviews. The ADAA becomes one of the first national gallery associations to consolidate its programming on the platform, which already hosts guides from over 1,100 cultural organizations worldwide, including the Whitney Museum of American Art, Storm King Art Center, and the Hammer Museum.

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The article reports on a severe downturn in the art market during summer 2025, with gallery closures, declining auction sales, and widespread pessimism. Notable dealers Tim Blum and Adam Lindemann have shut their galleries, and a survey by France's Professional Committee of Art Galleries (CPGA) found 85% of respondents pessimistic about the sector's economic health, with turnover down 6% in 2024. The Art Dealers Association of America (ADAA) canceled its October Art Show in New York, and some dealers are considering small business loans to cover costs. Meanwhile, galleries like Goodman Gallery are embracing e-commerce to adapt.

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The article covers several art market stories, including Melanie Gerlis's Financial Times piece on the big three auction houses increasingly relying on luxury sales amid a market downturn, with no clear solutions in sight. It also reports that the ADAA canceled its Art Show fair, citing a 'strategic pause' to reassess support for members in an evolving landscape. Additionally, the article details a controversy in Tasmania where a planned A$64.6 million art park at Macquarie Point, backed by Mona and aimed at addressing Aboriginal genocide, was scrapped in favor of a 23,000-seat AFL stadium. Finally, it notes that Darth Vader's lightsaber from Star Wars is heading to auction via Propstore, estimated at $1–3 million.

adaa art fair 2722587

The Art Dealers Association of America (ADAA) has announced a new art fair, the ADAA Fair, set to take place at the Park Avenue Armory from November 12–16, 2026. This follows the cancellation of the 2025 edition of its long-running Art Show, prompted by the end of a partnership with the charity Henry Street Settlement, which had hosted the fair's VIP opening as a fundraiser. The ADAA plans to refocus on supporting visual arts and museums, with the ADAA Foundation continuing to provide grants to U.S. institutions.