Exhale

If the Armory Show was supposed to be a test of how the art market was faring amid tumultuous finan­cial markets, initial results revealed that the fair more than passed—and exceeded the expectations of many of the more jittery dealers.

Now that many have made sales, dealers readily admit that they arrived on Pier 94 with butterflies in their stomachs. “If I had applied two weeks ago instead of a year ago, I wouldn’t have come,” said Andreas Brändström of Brändström & Stene (118) in Stockholm. “The collapse of Bear Stearns is a huge issue in Europe,” he said. But by the second day, he said: “My sales are even better than last year’s.”

Read the whole article from the Art Newspaper here.