New York Art Week Will Test the Market's Momentum

Frieze New York 2025. Photo: Casey Kelbaugh. Courtesy of Frieze and CKA.

Megan Fox Kelly spoke with journalist Margaret Carrigan at Artnet News ahead of New York Art Week.

The amount of high-value material coming to auction suggests confidence in the market right now, New York-based advisor Megan Fox Kelly told me over the phone, adding that there’s plenty of “appetite” among collectors to digest it all. That’s great news for an industry still trying to shake off three lean years.

That seems to be the case across the board. Fox Kelly, who is planning to hit Frieze (through May 17) and TEFAF New York (May 15–19) said that, lately, her clients more often than not go to fairs to look for “reinforcement” about artists that they “haven’t acted on yet,” rather than to buy a specific work.

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Julia Pedrick