The Palm Beach Show Group has acquired the Antiques, Art & Design at the Armory Show from Manhattan Media. The acquisition of what is also known as the AVENUE Show is the third major acquisition of a New York-based art show in the last six months.
Terms of the deal were not disclosed.
The four-day event, which closed Sunday at the Park Avenue Armory in New York City, took up about 40,000 square feet and drew about 6,000 designers and collectors. The high-end art and antique show included an $8-million blue diamond and a three-piece mixed metal Tiffany set priced at $1 million.
The AVENUE Show will be the tenth show the 12-year-old Palm Beach Show Group owns and manages. However, it will be the first in the lucrative Manhattan market.
“We have always known we wanted to have a premier venue in New York,” says Palm Beach Show Group President and CEO Scott Diament in a statement, “and this show on Park Avenue, in the heart of the city, is the perfect addition.”
Richard Burns, chairman of Manhattan Media, says in a statement, “We came to a conclusion that our dealers and vendors would benefit by being integrated into a national network, and PBSG is by far the best choice.”
In May, GLM Shows expanded its art and antique show portfolio by acquiring the Pier Antiques Show, which takes place at Pier 54 every March and November, and the Antiques at the Armory Show, held at the Armory (just as the AVENUE Show is) every January.
The Palm Beach Group also owns shows in Los Angeles, Chicago, Dallas, Baltimore, Palm Beach and Naples, Fla.
Manhattan Media, which still owns digital and print editorial products like Avenue Magazine and Avenue on the Beach, bought the AVENUE Show from Wendy Show Management five years ago.