NEW
YORK TRIBAL & TEXTILE ARTS SHOW MAY 14TH-17 2009
GRAMERCY PARK ARMORY @ 26TH ST & LEXINGTON
This
year the tribal show was not firing on all cylinders. Many
noteworthy dealers elected not to exhibit mostly due to the deepening
economic slump. Their spaces were filled with lesser known
dealers. The promoters made a fierce and noble effort to make the
show even happen this year. Despite heavy odds they managed to
maintain the show's upscale image even while cutting back on food and
beverage service opening night.
As was the case last year, the
show was overshadowed by the Sotheby's auctions, reducing the tribal
show to a footnote. In its second year at its new location, sadly
attendance is problematic.
Ironically
because of the reduced competition among dealers in the room this
year, those selling finer quality objects seemed to flourish.
All that said, collectors who
stayed home missed a golden buying opportunity! Americans are spending
less and saving more money. I didn't
exhibit this year but attended the show and bought very well.
Billionaire
contrarian investor Warren Buffet once said "Be fearful when others are
greedy and be greedy then others are fearful". The same is true
for the art market.
"When the
opportunity presents itself, act quickly and seize the day." It's
a great time to add to your collection, prices are reasonable, dealers
are working with customers on terms, and often selling their best pieces
to tempt buyers.
