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    TEFAF New York Keeps Its Focus on the Classics In a Turbulent Time

    With the art market outlook uncertain, the New York fair aims to keep collectors coming, with a wide array of art and (relatively) less expensive prices.When the European Fine Art Foundation (TEFAF) held its very first New York fair at the historic Park Avenue Armory in 2016, the global art market was in robust health: Art sales had marked a near-record of $64 billion worldwide in the preceding year, and were at a peak in the United States, according to an art market report by the cultural economist Clare McAndrew.As TEFAF New York prepares to welcome visitors again — running from May 9 through 13, and coinciding with the closely watched May auctions — the outlook is downright cloudy. Global art sales tumbled for the second year in a row in 2024, totaling an estimated $57.5 billion, and the U.S. market was down 9 percent from the previous year, according to the recent Art Basel and UBS Global Art Market Report. More recently, stock markets have been jittery since President Trump announced sweeping tariffs on countries around the world on April 2, then said he would back down on tariffs on goods from most countries, except China, for 90 days. Economic turbulence has an immediate impact on the net worth — and the collecting appetite — of those who buy art.“The volatility that you see in the markets writ large is reflected in the art market,” said Alex Logsdail, chief executive of the Lisson Gallery, an international art dealership. He said business had “slowed significantly,” though it was “still happening” and “has not fallen off a cliff” as it did at the time of the 2008 global financial crisis.“This is a funny thing for me to say out loud, but it’s true: Nobody needs any of the things we are selling,” he said. Collecting art is “a question of want and desire and passion and confidence. It is up to us to create those conditions,” regardless of the economic context, he added.Lisson has exhibited at TEFAF New York’s spring fair from its first iteration in 2017, and Logsdail served for a time on its selection committee (which decides which galleries will get booths). He said TEFAF New York was well positioned for the current circumstances, because in unstable economic conditions, the focus turns to quality and value, and to “well-tested” and affordably priced objects. And right now, he said, “people are taking a very active interest in artists whose prices are quite low.”Among the works showing at Lisson’s TEFAF booth this spring are works by Sean Scully, including “Wall Tappan Deep Red” (2025).Sean Scully / Courtesy Lisson GalleryWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Sanford L. Smith, Creator of Prestigious Art Fairs, Dies at 84

    Over four decades, he produced more than 150 events. Some dealers reported selling more in a weekend at a Smith fair than in a year in their galleries.Sanford L. Smith, an art lover and entrepreneur who created some of New York’s most prestigious art and design fairs, generating millions of dollars in sales and drawing attention to previously overlooked areas of art, died on Saturday at a senior living facility in Manhattan. He was 84.The cause was congestive heart failure, his wife, Jill Bokor, said.Mr. Smith didn’t invent the art fair, but he made his events essential stops for both buyers and sellers. Owners of some Lower Manhattan galleries would spend tens of thousands of dollars to move their wares a few miles north to the Park Avenue Armory, where many of Mr. Smith’s shows were held.Evan Snyderman, an owner of R & Company, a TriBeCa design gallery, said that at Salon Art + Design, one of Mr. Smith’s fairs, “we always reconnect with clients that we don’t see in other places — including New Yorkers who never come downtown.”Some dealers reported selling more art in a long weekend at a Sanford Smith fair than in a whole year at their own galleries.During his years in what he called “show business,” Mr. Smith ran more than 150 fairs, including the Fall Antiques Show, Modernism and the Outsider Art Fair. They were popular (in several cases attracting some 10,000 visitors over a three- or four-day weekend) as well as critical successes. The Times called his 2012 Salon “a museum in the making.” Asked to describe his career in a 2022 interview for this obituary, Mr. Smith said, “I filled holes.” What he meant was that he found gaps in between what other art fairs offered, and created new events to meet those needs. We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    ‘Illinoise,’ a Sufjan Stevens Dance Musical, Is Moving to Broadway

    The production will make its transfer unusually fast, with an opening set for April 24, just 29 days after it wraps up a sold-out run at the Park Avenue Armory.“Illinoise,” a dance-driven, dialogue-free musical adapted from a much-loved 2005 album by Sufjan Stevens, will transfer to Broadway next month.The show, which is a collaboration between the celebrated choreographer Justin Peck and the Pulitzer-winning playwright Jackie Sibblies Drury, is to open on April 24 at the St. James Theater; the run is to be limited, with a scheduled closing date of Aug. 10.“Illinoise” depicts a group of young creative people gathered around a campfire to share stories about their lives; it ultimately focuses on the life of a man who is finding his way while confronting grief. “A lot of the show is really about the catharsis of opening up to the community around oneself,” Peck, who is directing and choreographing the show, said in an interview.“Illinoise” joins a crowded spring season on Broadway, which has a heavy concentration of openings in late April, posing significant economic challenges for producers because costs have risen and audience numbers have fallen since the coronavirus pandemic.But the creators and backers of “Illinoise” want to capitalize on their show’s momentum: It is just wrapping up a sold-out run at the Park Avenue Armory in Manhattan, and it also had successful runs earlier this year at Chicago Shakespeare Theater and last year at Bard College’s Fisher Center.The transfer will be unusually fast, with just 29 days between the end of the run at the Armory and the start of the run at the St. James. There will be a brief rehearsal period, but no previews; the first performance will also be the opening, which is uncommon for Broadway.“We have this kind of lightning in a bottle with this show that is not something that one can create intentionally,” Peck said. “We want to preserve the energy of the show, and the longer we wait between phases of this, the greater we risk losing what that energy is.”“Illinoise” is performed by a dozen acting dancers and a trio of vocalists, along with a live band.The show’s use of dance to drive a narrative is not unprecedented: The history of such so-called dansicals includes the Tony-winning “Contact,” which opened in 2000, as well as the 2002 production that most influenced Peck, “Movin’ Out,” which Twyla Tharp choreographed using the songs of Billy Joel.“The music and the story and the movement combine in your own mind, rather than being combined onstage in front of you,” Drury said in an interview. “And there’s something about that that feels really beautiful and exciting. It just allows the audience to really empathize and connect emotionally with what’s going on onstage.”The Broadway run is being produced by Orin Wolf, John Styles and David Binder, in association with Seaview. More