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  • A Brisk Start to the Armory Show Suggests Optimism as the Market Adapts to New Rhythms

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    The Armory Show 2025 opened with a VIP preview on September 4 and runs through September 7. Casey Kelbaugh/CKA

    American collectors seem to have taken the back-to-school spirit seriously this year, with several dealers reporting a brisk and buoyant first day at the Armory Show. The New York fair—one of the city’s most established and historic—opened yesterday, September 4, at the Javits Center and quickly surpassed expectations across price ranges, leaving dealers cautiously hopeful that this season might mark the start of a healthier moment, at least for the U.S. market.

    “People are excited to be ‘back to school’—both dealers and collectors,” New York dealer David Nolan told Observer. By early afternoon, his booth had already sold well to existing clients and some new ones. “Many serious collectors are in from out of town to get in on the fun,” he noted. “Not to be hyperbolic, but things are flying off the wall.” Nolan’s booth was strategically conceived to offer something for everyone—one hundred works on paper spanning 1944 to the present, embracing a range of styles and narratives and, most importantly, different price points.

    Reflecting on the market, Nolan added that in his experience, the art world operates in cyclical patterns. “I have seen several waves of change since I opened my gallery, and they are good and necessary.” On the fair floor yesterday, there was no room for gloom and doom—only optimism. “I’m not afraid to be a pessimist, but there’s just no place for it at the moment!”

    A brightly lit Armory Show booth displays dozens of framed drawings and works on paper arranged salon-style on white walls, with a wooden table and chairs placed at the center of the space.A brightly lit Armory Show booth displays dozens of framed drawings and works on paper arranged salon-style on white walls, with a wooden table and chairs placed at the center of the space.
    David Nolan. Photo: Marc Selwyn

    Some international professionals at the fair were more critical, lamenting that The Armory Show no longer attracts many of the major galleries that once participated. “The Armory is stuck in the middle,” art market expert and thought leader Magnus Resch told Observer. “It has a strong team and a prime venue, but it’s held back by unfortunate timing, the absence of top galleries and direct competition from Frieze Seoul.”

    Optimism and early sales nonetheless offered immediate relief—and hope—to younger dealers, particularly those in the fair’s Present section, dedicated to galleries under ten years old and featuring the largest number of participants in Armory’s history. As director Kyla McMillan told Observer in an interview ahead of the fair, for her first edition, she wanted the event not only to appeal to seasoned collectors and institutional players but also to engage a broader, younger audience. The Armory Show is, after all, one of the longest-running fairs in the U.S. and a cornerstone of New York’s cultural scene—and often, for many New Yorkers, the first or only art fair they attend.

    One standout this year in the Present section was the alchemical cosmologies translated into glazed ceramic vessels by Mexican artist Alejandro Garcia Contreras, presented by Swivel Gallery in its Armory debut. Following Contreras’s sold-out debut at NADA New York two years ago and a solo exhibition, his new works once again captivated visitors with their mysterious, symbolic, archetypal language, merging mythological visions with pop culture to grapple with the mysteries of the universe. Four vessels and a ceramic mirror sold within the first hours of the fair, priced between $11,000 and $20,000, with an additional $12,000 vessel placed by evening.

    The gallery is also presenting in Platform, the section dedicated to large-scale installations, a new work by Jamaican-born artist Simon Benjamin, Tidalectic No. 1, 2025—a 700-pound iteration of his sand-barrel works, transmuting sediment and shoreline into vessels of memory. The piece exposes a geology and maritime history embedded in colonial pasts, engaged in the present and gesturing toward imagined futures.

    A dramatic installation of glazed ceramic sculptures by Alejandro Garcia Contreras is displayed on tiered white platforms, featuring fantastical, mythological figures, intricate textures, and surreal, brightly colored details.A dramatic installation of glazed ceramic sculptures by Alejandro Garcia Contreras is displayed on tiered white platforms, featuring fantastical, mythological figures, intricate textures, and surreal, brightly colored details.
    Swivel Gallery presenting the work of Alejandro García Contreras. Photo: Cary D Whittier

    The solo booth of British abstract artist Jo Dennis, presented by Mexico City- and New York-based gallery JO-HS, also attracted plenty of attention. On opening day, the gallery placed one of Dennis’s sculptures made from used military tent fabrics, where dense layers of intuitive marks and gestures accumulate as a psycho-emotional and poetic record of past memories and new bodily and identitarian awareness. By evening, several of her dynamic paintings were on hold with both existing and new collectors.

    Returning to Armory this year, Mrs. Gallery is showing a solo presentation of Molly Bounds’s intimate and psychologically nuanced paintings that place undefined and often archetypal subjects in liminal, contemplative and suspended states that resonate emotionally beyond any individuality. By evening, the gallery had placed at least two works, priced at $7,000 and $4,000, respectively.

    Also in Present, DINIM Gallery mounted a solo booth of evocative works by Emily Coan. By evening, the gallery had sold at least five pieces, captivating collectors with their imaginative, magical atmosphere inspired by fairy tales and myths. “There’s a tremendous amount of excitement and buzz,” Robert Dinim told Observer, noting the strong institutional presence with curators from museums across the U.S. and a large number of private collectors and advisors out with multiple clients. For him, the first-day atmosphere suggested the possible beginning of a market shift.

    A mixed-media work on washi paper by Alexa Kumiko Hatanaka shows a seated human figure formed from colorful geometric fragments, surrounded by monochrome fish prints arranged around the edges.A mixed-media work on washi paper by Alexa Kumiko Hatanaka shows a seated human figure formed from colorful geometric fragments, surrounded by monochrome fish prints arranged around the edges.
    An Alexa Kumiko Hatanaka work presented by Patel Brown. Courtesy of Patel Brown

    Toronto-based Patel Brown similarly reported a strong first day in the same section, selling six works from their solo presentation of Canadian-Japanese artist Alexa Kumiko Hatanaka, all priced under the $25,000 threshold. Combining tradition and innovation, nature and human creation, Hatanaka works on traditional Japanese washi paper with printmaking and ink, shaping her practice as a way to reattune to the organic rhythms of nature. Her process embraces transformation and the alchemical power of materials to create seemingly abstract compositions that move beyond human-centered perception and expression, while reflecting the fragility of environments and the delicacy of entire ecosystems disrupted by human activity.

    Meanwhile, for its inaugural participation in the Armory, Miami-based gallery Andrew Reed featured a solo presentation by Cornelius Tulloch, reporting sales of multiple works in the range of $4,000 to $6,000. Moving within a largely symbolic and allegorical realm, Tulloch explores themes of migration, masquerade and Afro-Indigenous rituals in paintings that evoke both the mystery and vitality of the tropical South Florida and Caribbean landscapes.

    Also making its Armory debut, the dynamic Chicago-based Povos Gallery presented a solo booth of Mexican multidisciplinary artist Leopoldo Gout, following his sold-out show at the gallery last year. Gout’s ever-expanding creativity traverses mediums and themes, weaving stories about human nature in relation to the natural world and emphasizing the power of collective imagination. The gallery reported strong interest and promising conversations likely to lead to additional sales in the coming days.

    In the Focus section, one of the most anticipated highlights was the solo booth of vibrantly colored ceramics by Miami artist Joel Gaitan, presented by The Pit, which went on to win the $10,000 SAUER Art Prize.

    In the main section, Brazilian dealer Nara Roesler saw positive interest in both the Brazilian artists central to her program and international names. By evening, the gallery had placed a linen-and-wool work by Sheila Hicks for $87,000, a print edition by Vik Muniz for $50,000, and works by Marcelo Silveira ($18,000), Manoela Medeiros ($20,000) and Bruno Dunely ($8,000). “We are happy to be back at the Armory with such a strong group of galleries. The mood is still high,” senior director Patrícia Pericas told Observer. “We have been particularly pleased with the increased interest from advisors requesting works by Brazilian artists for their clients.”

    A brightly lit Armory Show booth by Nara Roesler features colorful large-scale works, including a suspended red geometric sculpture, a golden circular wall piece, abstract canvases, and a tall wooden installation.A brightly lit Armory Show booth by Nara Roesler features colorful large-scale works, including a suspended red geometric sculpture, a golden circular wall piece, abstract canvases, and a tall wooden installation.
    Nara Rosler. CHARLES ROUSSEL

    In the main section, Marc Straus featured a group presentation of leading names from his roster, with a clear emphasis on the handmade and on legacies of craftsmanship reimagined through contemporary material approaches. The booth included Jeffrey Gibson’s Like a Hammer—the title piece of his landmark touring museum survey that began in 2014—alongside works by Abdulnasser Gharem, Folkert de Jong, Hermann Nitsch, Ozioma Onuzulike, Anne Samat, Antonio Santín, Renée Stout and Marie Watt. “We had a tremendous first day, with five works sold within the first few hours and both new and returning collectors visiting our booth,” Straus told Observer. “I believe our strong sales came from bringing the very best works by each artist and, as always, keeping our prices fair.” First-day sales for the gallery included oils by Antonio Santín.

    A range of abstract works dominated James Fuentes’s booth, including pieces by John McAllister and Pat Lipsky, anticipating their fall exhibitions at the gallery. Fuentes had already sold Lipsky’s Winter Landscape (1971) ahead of the fair for $180,000. The artist’s upcoming show and renewed market attention coincide with the release of her book Brightening Glance: Recollections of a New York Painter (University of Iowa Press).

    Among the highest-priced sales on opening day, Galleria Lorcan O’Neill placed works by Tracey Emin, Kiki Smith and Rachel Whiteread in the range of $15,000 to $1,000,000, while Sean Kelly sold a painting by Kehinde Wiley for $265,000.

    By day’s end, the other major-ticket work at the fair—a $1.2 million Alex Katz anchoring Peter Blum’s booth—remained available. Nonetheless, Blum reported several other sales, including works by Martha Tuttle and Nicholas Galanin, who continues to enjoy a strong institutional presence this year, both in the U.S. and in biennials and museums worldwide.

    Visitors interact with a hanging installation of wire eyeglass shapes, one woman taking a selfie while others look on and smile.Visitors interact with a hanging installation of wire eyeglass shapes, one woman taking a selfie while others look on and smile.
    The fair’s opening day reinforced the resilience of the art market. Photo by Casey Kelbaugh. Courtesy of The Armory Show and CKA.

    James Cohan Gallery placed a sculpture by Kennedy Yanko in the first hours for $150,000. Yanko only recently joined the gallery’s roster, following her solo presentation with Cohan at Frieze London and a nearly sold-out double exhibition staged jointly with Salon 94 last September. The gallery reported a number of first-day placements for other in-demand artists on its roster, including two paintings by Naudline Pierre at $25,000 and $12,000, a painting by Mernet Larsen ($12,000), two sculptures by Tuan Andrew Nguyen at $95,000 each (following his solo booth at Frieze New York in May) and two works by Trenton Doyle Hancock ($85,000 and $40,000). On the textile front, the gallery placed two appliqué works by Christopher Myers ($45,000 and $37,000) and a woven piece by Claudia Alarcón & Silät ($25,000).

    Returning to the Armory this year—and participating in both the New York and Seoul fairs this week—White Cube sold several works from its solo presentation dedicated to the Croatian artist duo TARWUK, with paintings ranging from $65,000 to $100,000. Coming of age amid the dissolution of socialist Yugoslavia, the trauma of war and the collapse of familiar social structures, TARWUK’s work carries a bleak, decadent aesthetic that evokes the lost splendor of the region’s golden age while hauntingly resonating with the present—particularly Europe’s fraught role in global geopolitics. The gallery also sold a mixed-media work by Emmi Whitehorse for $150,000, following her first solo with White Cube last September at its Paris space and a surge of interest sparked by her inclusion in the recent Venice Biennale. Additional sales included a painting by Tunji Adeniyi-Jones for $85,000 and a bronze by the always fair-popular Tracey Emin for £60,000, among others.

    A White Cube booth at the Armory Show 2025 displays large narrative paintings by TARWUK in earthy tones and a vivid blue, alongside sculptural busts on pedestals, with minimalist seating in the center of the space.A White Cube booth at the Armory Show 2025 displays large narrative paintings by TARWUK in earthy tones and a vivid blue, alongside sculptural busts on pedestals, with minimalist seating in the center of the space.
    White Cube presenting TARWUK. © the artist. Photo © White Cube (Monroe Dinos-Kaufman).

    Also participating in the season’s restart on both sides of the globe—New York and Seoul—was Tang Contemporary, which reported multiple sales, including Ai Weiwei’s sculpture Toilet Paper for $150,000-180,000. Elsewhere, overlooked-talent-scouting gallery Berry Campbell saw strong interest, closing a 1952 painting by Perle Fine on the first day for $125,000, with additional conversations expected to unfold in the coming days.

    It was a successful “back to school” for Nicodim as well. “The energy was high, outfits chic and sales brisk,” gallery partner and global director Ben Lee Ritchie Handler told Observer. On the first day, the gallery placed works by Isabelle Albuquerque, Angeles Agrela, Samantha Joy Groff, Rae Klein and Teresa Murta, with promising holds on major pieces by Devin B. Johnson, Agnieszka Nienartowicz and Moffat Takadiwa—all priced between $12,000 and $65,000.

    A crowded aisle at the Armory Show with visitors walking between booths, some stopping to view artworks, under signs marking galleries from New York, Los Angeles, and beyond.A crowded aisle at the Armory Show with visitors walking between booths, some stopping to view artworks, under signs marking galleries from New York, Los Angeles, and beyond.
    The Armory Show brings together more than 230 galleries for its 2025 edition. Casey Kelbaugh/CKA

    Proving that the under $50,000 price range may be the most dynamic and fast-moving in today’s environment, Uffner & Liu sold several works on the first day in the main section. Sales included a piece by Sheree Hovsepian for $28,000, two paintings by Sarah Martin-Nuss for $22,000 and $15,000 and a cabinet and two paintings by Anne Buckwalter for $11,000, $14,000 and $10,000, respectively. By evening, the gallery had crossed that “sweet” threshold, placing a sculpture by Hovsepian for $75,000. L.A. mainstay Vielmetter reported selling most of the works they brought to the fair—ranging from $8,000 to $50,000—by the end of the first day, while Anat Ebgi moved quickly to place works by some of their most promising young talents, many recently presented in their new Tribeca spaces. Sales included pieces by Marisa Adesman ($35,000), Tammi Campbell ($50,000), two paintings by Sigrid Sandström ($32,000 and $25,000), Janet Werner ($28,000), Jemima Murphy ($23,000), Ileana García Magoda ($22,000) and two glazed stoneware works by Olive Diamond ($7,500 each).

    Meanwhile, another New York staple, Lyles & King, sold multiple works by Brazilian artist Fernanda Galvão, including a $36,000 diptych and a painting for $24,000. Drawing from science fiction and biology, literature and cinematography, Galvão reflects on the construction and manipulation of fictional landscapes, proposing alternative universes with new rules, spatial dynamics and temporal logic. Though already widely exhibited in Europe and South America, this well-received presentation marked something of a debut for the artist in the U.S.

    An overhead view of the Armory Show floor shows visitors mingling among booths and colorful artworks, with large quilted textile pieces suspended in the central aisle.An overhead view of the Armory Show floor shows visitors mingling among booths and colorful artworks, with large quilted textile pieces suspended in the central aisle.
    In her first year as director, Kyla McMillan has focused on curatorial strength, U.S. market leadership and New York’s central role in the global art market. Photo by Casey Kelbaugh. Courtesy of The Armory Show and CKA.

    Overall, the mood on Armory’s opening day was positive, offering hope for a stronger season ahead for both U.S. and international dealers and for a recovery of the American art market to a “new normal”—though still far from the pace and levels galleries had grown used to. Yet, as dealer and advisor Henri Neuendorf observed, galleries are simply tired of the steady drip of negative news about the state of the market. “We all know sales have been stronger in years past, but the negativity can become a self-fulfilling prophecy,” he commented. “My sense was that dealers and buyers seem cautiously optimistic and ready to turn the page.”

    Art advisor Angelica Semmelbauer echoed Neuendorf’s take, noting the fair featured strong presentations from both galleries and artists—even if some leaned toward the safe side. “What felt especially uplifting was seeing sales happening despite all the uncertainty in the art market, which has been a current topic, and the larger world right now that’s weighing on clients,” Semmelbauer said. “I’m still a big believer that artists will keep creating meaningful work and clients will be there to support their practice and acquire the work, to keep the art ecosystem moving forward in a purposeful way!”

    Ultimately, it’s a matter of readjusting expectations, refining strategy and adapting to a new rhythm. As yesterday’s Armory opening showed, the important thing is that American collectors—the fair’s core audience this year—are still buying and supporting the ecosystem as this next cycle begins.

    More in art fairs, biennials and triennials

    A Brisk Start to the Armory Show Suggests Optimism as the Market Adapts to New Rhythms

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    Elisa Carollo

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  • A Constellation of Salon-Style Fairs Rounded Out Paris Art Week

    A Constellation of Salon-Style Fairs Rounded Out Paris Art Week

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    Josef Strau and ASMA presented by Gaga, Mexico. © Margot Montigny.

    A constellation of salon-style fairs opened in Paris this week, perfectly timed to coincide with an increasingly intense and vibrant Art Basel Paris, helping solidify the French capital’s status as Europe’s premier art hub. Leading the charge on Tuesday was Paris Internationale, which took over the raw, abandoned Central Bergère once again. Its grungy, unfinished atmosphere mirrored the experimental art displayed in the booths. This year, the fair hosted seventy-five galleries from nineteen countries, and a bustling opening day led to strong sales. Japanese artist Kajiito Ito, presented by Tomio Koyama Gallery, sold out his entire collection of paintings and sculptures priced between $3,500-5,000. Meanwhile, Athens-based The Breeder made its debut, showcasing works by artist and choreographer Maria Hassabi alongside sculptures by Georgia Sagri. By the third day, the gallery celebrated the sale of one of Sagri’s works ($30,000-40,000) to a prominent European institutional collection, along with several editions of Hassabi’s golden mirrored photographs, which were placed in private collections for $20,000-30,000. Hassabi is set to present a solo exhibition at the gallery at the end of November.

    LoBrutto Stahl’s solo booth featuring the intriguing, esoteric paintings of Georgian artist Tornike Robakidze sold out by the end of the first day. Düsseldorf’s Lucas Hirsch also reported strong early sales of works by Kassel-based painter Lukas Müller, who studied under Albert Oehlen, with paintings going for around $10,000 and a few gouaches for $4,500. By Friday, Ludovico Corsini, now operating independently after parting ways with CLEARING, nearly sold out his booth at Paris Internationale. Javier Barrios’ works of intricate symbolism sold in the $8,000-30,000 range, while pieces by Meriem Bennani moved for $18,000-45,000.

    Another standout was the Shanghai-based gallery Plateus, which brought the nature-inspired, meditative abstractions artist Wang Jung created in the open air. The artist spent hours immersed in nature, painting and sketching in the forests of Guangzhou, China, seeking a deeper connection between humanity and the natural world. His lively, gestural brushstrokes convey the movement of the trees, the air in between and their lymph and energy.

    Image of benches and paintings in a raw space. Image of benches and paintings in a raw space.
    Maria Hassabi and Georgia Sagri presented by The Breeder, Athens. © Margot Montigny

    Among the new fairs adding to the buzz of Paris Art Week was the first edition of NADA in the city, The Salon, launched in partnership with The Community. Unlike the sun-soaked Basel preview, this fair opened on a rainy, gray day in a modern building in the 10th Arrondissement that once housed SNCF, the French railway. The glass structure provided a sleek, seamless flow around the booths, though the atmosphere was noticeably quieter compared to other fairs—likely because Parisians are still warming up to this American-led event, which felt more like an “American community” gathering transplanted to Paris.

    Despite the slower pace, some galleries saw early sales. Local dealer Cadet Capela presented a solo booth featuring works by Blake Daniels, selling two of the three pieces on display at prices between $20,000 and $25,000. “We had a great first day: dynamic, with a very international audience,” Mathieu Capela told Observer. Upstairs, New York favorites like Mrs. gallery showcased works by Alexandra Barth, Megan Bogonovich and Robert Zehnder. “We’ve had strong interest and a couple of small sales,” Sara Salamone, founder of Mrs., said. “We’re staying positive for the weekend and excited to engage with more Parisian and European collectors. It was quieter, but there was a good level of people.”

    Image of a fair booth with artworks. Image of a fair booth with artworks.
    FR MoCA at The Salon by NADA. Courtesy of FR MoCA

    In the next booth, Olympia presented Coleen Herman’s vibrant, gestural abstractions priced between $5,000 and $12,000 in an airy, atmospheric display that drew a lot of attention. Upstairs, Montreal-based Bradley Ertaskiran showcased Veronica Pausova’s intricate reflections on the feminine body, available for $9,000. One of the standout projects at The Salon was a show by the Fall River Museum of Contemporary Art (FR MoCA), a nonprofit, artist-led collective centered around themes of transparency, screens and porosity. Founded by Massachusetts natives Harry Gould Harvey IV and Brittni Ann Harvey, the collective focuses on alternative, cyclical systems to sustain artistic production and co-creation, often collaborating with other galleries to engage communities through their innovative space.

    Another highlight was Shary Boyle’s mysterious ceramics, presented by Patel Brown, displayed alongside small canvases by Muriel Jaouich. Boyle’s new ceramic works, created at the Ceramic Work Centre in the Netherlands, have her signature unsettling style but explore themes of silence and the unspoken truths that resonate in today’s world. The collaborative booth by 52 Walker and Mitchell-Innes & Nash (which recently closed the New York gallery to become an art advisory) also made an impression, with several works by the late, great Pope.L.

    Image of a booth with sculpturesImage of a booth with sculptures
    Patel Brown at The Salon by NADA. JEREMIE BOUILLON

    Asia Now, housed in the sumptuous historical palace of the Monnaie de Paris, opened on the same day with a highly curated selection from the very first room. Each year, it seems, the fair elevates its offerings, attracting more established galleries like Esther Schipper, which presented the work of young, talented Korean artist Lee Linju, selling out in the $20,000 range. Perrotin dedicated one side of its booth to Hong Kong artist Ya Chin Chang, whose meticulously detailed paintings quickly sold in the $20,000-25,000 range ahead of a New York show next year. The Drawing Room Manila from the Philippines showcased a solo booth of hand-carved woodwork by Roberto Faleo, with three pieces selling in the early hours for $5,000-7,000. Parisian gallery Galerie LJ also made a strong impression, selling visionary works on paper by Georgian artist Rusudan Khizanishvili in the opening hours.

    Nearby, Berlin’s Kornfeld gallery saw quick success with the sale of a large work by Rao Fu for $44,000 in the fair’s first hours—Fu’s demand has risen notably since his collaboration with Perrotin. “We’re thrilled by the overwhelming response from prominent museum professionals, curators, and collectors across the globe, particularly from France and Southeast Asia,” a gallery rep told Observer. “The sale of Tamara Kvesitadze’s kinetic sculpture to a collector in China, along with the enthusiastic reception of Egani’s striking Jean-Michel Basquiat portrait, underscores the international resonance of the artists we represent. It’s a testament to the dynamic and diverse energy of the fair.” Square Street Gallery from Hong Kong echoed this satisfaction. “It’s been an incredible start to the fair,” director Leon Jago told Observer. “We brought Daisuke Tajima’s work to Asia Now for his inaugural European presentation, and we received an excellent response from collectors and curators alike.”

    View of the entrance to Asia Now entrance. Courtesy of Asia Now

    The fair also presented a section co-curated by Nicolas Bourriad (who is behind this year’s Gwangju Biennial) and Alexander Burenkov. Centered around the notion of ceremony, the section featured work by eighteen artists who explored or revived the “ritual” as a space of spirituality, conviviality and social connectivity. Among them were up-and-coming and established artists from the region, like Charwei Tsai, ZADIE XA, Leelee Chan, Ming Wong and Trevor Yeung, who represented Hong Kong at the Venice Biennale this year.

    Last but not least, another relatively new fair that collectors seemed to have appreciated was OFFSCREEN, which took place not far from the Grand Palais at Grand Garage Haussmann (yes, a former garage) and featured twenty-five works by artists Alfredo Jaar, Gordon Matta Clark and Lita Albuquerque, among others. This avant-garde fair focuses on experimental, image-based artworks, including video, film, photography and mixed-media installations. The late Belgian director Chantal Akerman was this year’s guest of honor, and her work was displayed in collaboration with Marian Goodman Gallery.

    A Constellation of Salon-Style Fairs Rounded Out Paris Art Week

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    Elisa Carollo

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