The Dallas Art Fair is taking center stage as the art market faces uncertainty with new tariffs introduced by President Trump. The fair represents a pivotal moment for collectors, many of whom view it as their key buying opportunity of the year. Despite some confusion around tariffs, the announcement of a 90-day pause has brought relief, clarifying that art is largely exempt from duties. However, concerns remain regarding shipping costs and potential future retaliatory tariffs from other countries, making the fair a significant test case for the broader art market.
"It's really difficult to navigate. Everybody wants to do the right thing... Many of our collectors are buying once or twice a year, and their major buying moment is here at the fair."
"There was a sigh of relief from the galleries. Now there's really a clear understanding that art is exempt from the tariffs, and the 90-day-pause provided some clarity for everyone and a moment to breathe."
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