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Independent Art Fair Trades Downtown for the World

The Independent Art Fair has moved to Pier 36 on the Lower East Side waterfront for its 17th edition, running through May 17. The fair features 76 booths with a more spacious, warehouse-like layout, and a noticeably older, glossier crowd compared to previous years. Exhibitors include Los Angeles-based ATLA and Diane Rosenstein galleries, as well as international participants like Bogotá's SGR Gallery, showcasing solo presentations by artists such as Yoshikazu Tanaka, Kuniko Kinoto, and Johan Samboní. The fair has also announced partnerships with Sotheby's for its 20th-century edition and with the nonprofit Henry Street Settlement, signaling a tension between upscale ambitions and local community ties.

Comment | All hail the rise of the art internship

Sotheby's auction house and Sotheby's Institute of Art, through their parent company Edconic, have launched a formalized, paid fellowship program. The initiative places 20 master's students from the Institute's New York program into 12-week paid internships at the auction house, with plans to expand to London and eventually involve 60 students. The program aims to provide practical, credit-earning work experience directly within the art market.

nifty gateway nft platform shutters

Nifty Gateway, one of the earliest and most prominent NFT marketplaces, announced it will shut down on February 23, 2026, citing sharply declining activity. The platform, founded in 2018 by twins Duncan and Griffin Cock Foster and acquired by Gemini in 2019, has entered withdrawal-only mode, advising users to move their assets before the deadline. At its peak in 2021, Nifty Gateway reported $300 million in gross merchandise value, boosted by a Sotheby's partnership for a $17 million NFT drop by the artist Pak. The closure follows the collapse of the NFT boom, with trading volumes plummeting and other platforms like Async Art, KnownOrigin, and MakersPlace already shuttered.