There was a mood best described as cautious optimism at yesterday's VIP opening of the Armory Show in New York.
The art fair was still missing some key players - galleries including Gagosian, David Zwirner and Thaddaeus Ropac were all absent and very conspicuously in action at Frieze in Seoul - but life and sales went on without them.
There were around 230 galleries present and one dealer, David Blum from Peter Blum Gallery, told ARTnews he still sensed "a hunger out there" from buyers, adding: "We are in New York City, after all."
His big-ticket item - a 1962 work called October 2 by Alex Katz - did not find a buyer on the first day prepared to pay the $1.2 million price tag but he said around a third of the other works on the booth sold straight away.
The biggest sale on VIP day was by Galleria Lorcan O’Neill for $1 million but the identity of the work is still a mystery. What definitely has sold is a Kehinde Wiley painting from Sean Kelly gallery for $265,000 and an Ai Weiwei sculpture sold by Tang Contemporary for around $180,000.
There was also an appearance by White Cube, back at the fair for the first time since 1994, with a solo show by Croatian-born duo Tarwuk whose paintings priced between $65,000 and $100,000 had mostly sold by the end of the day.