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.
The cancellation signals ongoing contraction in the art market, following recent closures of prominent galleries like Blum and Venus Over Manhattan, as well as legal disputes among top art advisors. The ADAA, founded in 1962 with over 200 members including mega galleries like David Zwirner, plans to bring the fair back in 2026. The move reflects broader challenges facing the art market, where even established events and institutions are reassessing their models amid shifting economic and cultural landscapes.