Three years into a downturn of the global art market, fairs and dealers dedicated to prints say editioned works on paper are faring better than other media and have even managed to capture the attention of a new collector class. The phenomenon may have been on display best on Thursday (27 March) at the VIP preview of the annual International Fine Print Dealers Association’s (IFPDA) Print Fair (until 30 March). Just as busy as any other art fair held at the Park Avenue Armory, the aisles between the 75 stands were packed with attendees of all ages. More than 5,000 people turned up to the preview, according to fair organisers.

“Although there's been some softening at the top of the market, people look at evening sales and make these dire prognostications,” IFPDA executive director Jenny Gibbs tells The Art Newspaper. “What we're seeing in our segment of the market has been incredible growth. We had more applications for this fair than we have had in many, many years.”

The fair saw a 40% rise in ticket sales and a 50% rise in VIP registrations ahead of the event, organisers said. (Gibbs adds: “So I've ordered 50% more champagne than we had last year!”)

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read the full article: THE ART NEWSPAPER