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New York Is About to Sell $3 Billion in Art. Who’s Buying?

Vanity Fair's Nate Freeman reports on New York's spring art season, where auction houses are poised to sell at least $2.6 billion in art alongside major museum exhibitions (Raphael at the Met, Duchamp at MoMA, Matisse at Acquavella) and the opening of Frieze New York at The Shed. The article follows the social and commercial frenzy, highlighting a David Shrigley gong installation at Anton Kern Gallery's booth and the enduring dominance of New York, where nearly 90% of U.S. art sales occur.

Inside TEFAF New York’s Annual Wealth Pageant

The 12th annual TEFAF New York fair took place at the Park Avenue Armory from May 15 to 19, attracting wealthy collectors with a mix of blue-chip art, design objects, and jewelry. Highlights included Kathleen Ryan's bejeweled 'Bad Fruit' sculptures at Gagosian, Cai Guo-Qiang's gunpowder paintings at White Cube (which sold 11 of 12 works), Sheila Hicks's textiles at Demisch Danant, and a new David Hockney painting at Annely Juda Fine Art. The fair featured 88 galleries from 14 countries, with VIP previews drawing art advisors and high-net-worth clients.

The Can’t-Miss Moments at TEFAF New York 2026

TEFAF New York 2026 opened to packed crowds at the Park Avenue Armory, showcasing a mix of historic and contemporary works. Highlights include Gagosian’s solo booth of Kathleen Ryan’s bejeweled “Bad Fruit” sculptures, Thaddaeus Ropac’s presentation of monumental canvases by Danish painter Eva Helene Pade, and Axel Vervoordt Gallery’s spotlight on overlooked Italian painter Ida Barbarigo. The fair also features collectible design and perennial favorites like Alexander Calder mobiles and Alighiero Boetti tapestries.

How Does an Art Fair Stand Apart? TEFAF NY Has an Answer.

TEFAF New York returns to the Park Avenue Armory from May 15-19, featuring 88 dealers and galleries from 14 countries across four continents. The fair distinguishes itself from competitors like Frieze, NADA, and Independent by offering an unusually broad range of works—from Modernist paintings and contemporary sculpture to ancient artifacts, fine jewelry, and design. Notable exhibitors include Gagosian showing Kathleen Ryan’s bejeweled fruit sculptures, Thaddaeus Ropac presenting newcomer Eva Helene Pade, and Belgian dealer David Lévy pairing Keith Haring with Willem de Kooning. Design is a particular highlight this year, with galleries such as Sarah Myerscough, Gomide&Co, and Modernity Stockholm showcasing everything from Shaker-inspired chairs to Brazilian modernist furniture and Scandinavian classics.