The news is just out that ArtMiami LLC has just acquired the Downtown Fair, set to open at the 69th Regiment Armory during Frieze New York. The fair was purchased for an undisclosed price from the previous organizers, who "will not have any involvement or interest in the new fair." I'd never heard of this fair, so I was a bit surprised that ArtMiami—who in 2013 purchased Aqua Art Fair in Miami Beach, and is set to also open a new fair in Silicon Valley in 2014—was announcing a purchase of a fair I had no recollection of existing.
Interestingly, the previous organizers sold their fair before even producing an inaugural edition of it; Art in America reported the addition of this new fair to the Frieze NY Week calendar back in September, 2013, when it was called the Downtown Armory Fair and directed by Lisa Hatchadoorian in consultation with Nancy Hoffman, Yossi Milo and St. Louis's William Shearburn. It seems that under the ArtMiami wing, the fair's been renamed to the Downtown Fair—so to echo Brian Boucher of Art in America, the Downtown Fair is not to be confused with the already-now-defunct Downtown Armory Fair; nor to be confused with the Armory Show, which takes place in March not at an armory; nor to be confused with any of the fairs that actually take place downtown, as this one's actually in the Flatiron District; and for good measure (for out of towners), the 69th Regiment Armory on 68 Lexington Ave between 25th and 26th Streets is not to be confused with the Upper East Side Park Avenue Armory located on Park Ave between 66th and 67th Streets... Got it?
According to Nick Korniloff Fair Director and Partner of The Downtown Fair, the ArtMiami team has "always had eyes on New York," so they jumped at the chance to acquire this new Frieze Week addition, which will feature 50 international contemporary art dealers, to be announced.
69th Regiment Armory.