The contemporary art market is experiencing its biggest shrinkage in living history as gallery closures accelerate and sales plummet from 2022 onwards. What insiders had originally thought might prove a cyclic slowdown increasingly appears set to result in a root-and-branch overhaul of an over-burgeoned ecosystem.
The announcement of The Armory Show 2025 details, the first edition under Kyla McMillan’s directorship, reveals a decidedly strategic approach that merits our attention. This emblematic New York fair, a cornerstone of the American art scene since 1994, appears determined to redefine its identity while preserving its historical anchoring.