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trending_up market calendar_today Tuesday, May 19, 2026

At TEFAF New York, the Masterpiece Market Had Plenty to Celebrate

TEFAF New York returned to the Park Avenue Armory with record attendance on its Collector Preview day, May 14, featuring 90 exhibitors showcasing modern and contemporary masterpieces, antiques, decorative arts, and jewelry. Dealers reported strong sales across price tiers, including an Andy Warhol Mao sold by ML Fine Art within the first hour, a Lucio Fontana *Concetto Spaziale* for $2.3 million at Mennour, and works by Giorgio Morandi, Giosetta Fioroni, and Meret Oppenheim sold by Galleria d’Arte Maggiore g.a.m. A new secondary-market partnership, Pace Di Donna Schrader Galleries, debuted with a booth anchored by a 1956 Rothko, signaling renewed confidence in the market.

This edition matters because it reflects a significant uptick in collector confidence and serious engagement, with blue-chip postwar works moving quickly and multiple galleries reporting sold-out booths. The fair’s alignment with the May marquee auctions and the launch of the PDS partnership underscore a robust appetite for high-caliber Modern and Postwar art, positioning TEFAF New York as a key barometer for the upper echelons of the art market.