Art Market Monitor

Global Coverage ~ Unique Analysis

  • Contact Us
  • Podcast
  • Newsletter
  • AMM Fantasy Collecting Game
  • AMMpro

Artsy: A Chastened Genocchio Tries to Make Armory Show Relevant In Gallery-Squeezing Market  

February 28, 2017 by Marion Maneker

Benjamin Genocchio_photo by Vicente Munoz_3
Benjamin Genocchio photographed by Vicente Munoz

Alexander Forbes of Artsy opens his preview of the new, new Armory Show, a fair that has struggled to define itself in the new era of global art fairs, with this frank description:

“The yardstick when I came in was getting to the level of a Basel fair,” says Benjamin Genocchio of his remit one year ago when he became director of The Armory Show. The 47-year-old former art journalist came out swinging for the Swiss mega-fair and for Frieze. But in the weeks before the 2017 edition of The Armory Show, the first that truly bears his signature, a more demure Genocchio has emerged—and with him a revised strategy for the fair that he says plays to its strengths while rethinking what it means to be relevant in the current market. […]

“It was time that we took a broader look at the fair climate and asked how we could rewrite The Armory Show to today’s market conditions,” says Genocchio, characterizing the market as “choppy” at present.

While data on primary market performance in 2016 is yet to be released, judging by auction sales and the prices being paid on the secondary market for young artists’ work, 2016 likely followed the downward trend experienced in 2015. If the market did contract, it’s not to say that some or even many dealers aren’t still doing well. But, according to Genocchio, all are feeling the squeeze.

“Every single dealer that participates in this fair, whether they are a billion-dollar business or a dollar business, is price-sensitive at this point in the market cycle,” he says. “They’re aware of the costs of participating in the fair. They’re trying to save money. And they don’t want to take unnecessary risk.”

He sees it as his responsibility as director to facilitate that more conscious, business-like spending by his clients.

Benjamin Genocchio on Making The Armory Show Relevant in Today’s Market (Artsy)

More from Art Market Monitor

  • Chuck Close Wasn't Impressed by Armory ShowChuck Close Wasn't Impressed by Armory Show
  • Vernissage TV: Armory ShowVernissage TV: Armory Show
  • Paddle 8 Made 50 Armory Show SalesPaddle 8 Made 50 Armory Show Sales
  • Feigen Predicts BoomFeigen Predicts Boom
  • The Fair TruthThe Fair Truth
  • A Very Modern ArmoryA Very Modern Armory
  • Print
  • Tweet

Filed Under: Art Fairs, General Tagged With: Armory Show

Advertise on Art Market Monitor with Nectar Ads

Top Posts

  • The New York Times Still Doesn't Get Art & Money Laundering
  • David Hockney's $20m Pacific Coast Highway & Santa Monica
  • Man Ray's Noire et Blanche (€1-1.5m) Offered at Christie's France in November
  • Why I Am Leaving Gagosian
  • Podcast
  • Tony Podesta's Secret Art Buying
  • About Us/ Contact
  • Newsletter
  • Bonhams Brings Second Generation of Modern Vietnamese Art in Hong Kong
  • Sotheby's Brings $30m Pollock to New York


  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • Art Loans
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
Advertise on Art Market Monitor