The New York Times reports:
Reflecting the recent nose dive in confidence in the art and antiquities markets, the International Asian Art Fair held each spring in Manhattan has been canceled. The event’s organizers said the current economic slump was the determining factor. The fair had been scheduled for March 11 to March 15 at the Park Avenue Armory, at 67th Street.
“Many of the dealers who had contracted to take part are not in a position to go forward in the current climate,” organizer Haughton International Fairs said on its Web site, “and as such we have decided a fair would put an untenable strain on their resources.”
“We hope to be able to re-launch the fair in 2010 and look forward to working with our exhibitors again,” the statement said.