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AIFAF closes with Record Attendance and Strong Sales
February 15 2011

Todd Merrill Booth for American International Fine Art Fair Palm Beach February 15, 2011

Todd Merrill Booth for American International Fine Art Fair Palm Beach February 15, 2011

Todd Merrill Booth for American International Fine Art Fair Palm Beach February 15, 2011

Todd Merrill Booth for American International Fine Art Fair Palm Beach February 15, 2011

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AIFAF CLOSES WITH RECORD ATTENDANCE AND STRONG SALES

By David J. Lester | February 15, 2011

Palm Beach โ€“ February 15, 2011- The American International Fine Art Fair closed its 15th edition with record attendance and strong sales reported by a number of dealers. More than 42,500 attendees visited the 10-day event.

Many dealers reported outstanding sales results. โ€œWe had the best fair in the 14 years that we have been participating in Palm Beach,โ€ said arms and armor dealer Peter Finer of London.

Italian goldsmith and jeweler Buccellati echoed these sentiments: โ€œThis was also the best year in our long fair participation as well.โ€

In reporting multiple important sales, Jonathan Green of Richard Green commented โ€œWe were very pleased with our Palm Beach results this year.โ€

โ€œThe US economy, the general mood of the attendees and our sales has clearly improved this year,โ€ said Michael James of The Silver Fund. โ€œAll the right people were here this yearโ€. One day we were processing three black American Express cards at the same time!โ€

Howard Brassner of Brassner Fine Art quipped โ€œThis is the first year our gallery participated in AIFAF – now I know why they call it the big Palm Beach show!โ€

Among the substantial sales at the Fair:

Waterhouse & Dodd sold a Renoir watercolor for $100,000 and an oil painting by French painter Albert Gleizes for approximately $1M in addition to six other works.

Richard Green of London reported sales of six paintings reaching the multimillion levels.

Arms & armor dealer Peter Finer also reported a multimillion dollar sales total.

Brassner Fine Art sold a Botero for $190,000 as well as a Childe Hassam for approximately $1M.

Todd Merrill 20th Century Design had a very successful fair selling a Harvey Probber sofa for $50,000, a glazed “Dango” sculpture by Jun Kaneko for $45,000, a pair of Vladimir Kagan chairs with a matching ottoman for $35,000, in addition to a pair of Paul Evans chairs for $15,000 and a pair of James Mont lamps for $18,000.

Mark Borghi Fine Art sold six artworks including artwork by Andy Warhol, John Chamberlain and Elaine de Kooning.

Reubin Simantov had a successful first year at the fair, reporting multiple sales from a pair of $3,800 cuff links to a $78,000 necklace. โ€œI cannot tell you exact numbers of sales from the Fair – itโ€™s immeasurable. Today alone weโ€™ve had approximately ten clients whoโ€™ve decided to come back and make a purchase!โ€

Isaac Levy of Yvel achieved seven figure sales. โ€œI am extremely happy and proud to be part of this extraordinary fair. It offers the opportunity to reach many of my long-time clients and friends in a luxurious environment. We were also pleased with the many wonderful new relationships and sales that developed during the fair.โ€

The Silver Fund reported sales throughout the fair to old and new clients. โ€œThis was by far our most successful fair in recent years,โ€ said owner Michael James.

American dealers Avery Galleries, Alexander Gallery, Questroyal Fine Art, Thomas Colville and Rehs Galleries all reported numerous sales and a successful and profitable fair.

Organizers David and Lee Ann Lester announced that the theme of the fair in 2012 will be โ€œParis โ€“ Palm Beachโ€ which will feature French galleries, artwork, jewelry, food, and wines. The fairโ€™s well received lecture series will be broadened in 2012. AIFAFโ€™s invitational program for visiting museum groups will also be expanded to including more institutions, curators, and collector groups from throughout the United States. Ancillary social events including evening activities hosted by dealers โ€“ first introduced in 2009 – will return to the 2012 schedule.

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