NEW YORK, NY.- TEFAF, The European Fine Art Foundation, the not-for-profit entity that founded the TEFAF Maastricht Fair, and Artvest Partners LLC, the New York Art Advisory and Investment Firm and Co-Founder of TEFAF New York, have announced the sale of Artvest’s 49% ownership stake in TEFAF New York to TEFAF. Effective immediately, TEFAF will fully own and manage TEFAF New York as part of its global integration strategy.

“TEFAF is extremely grateful to Jeff Rabin and Michael Plummer for all of their great work in laying the critical foundation for our successful expansion here in New York,” said Nanne Dekking, Chairman of TEFAF. “In very short order, together Artvest and TEFAF created one of the best operational teams in the Fair Industry, two of the most beautiful and successful Fairs in the Americas, and integrated them into the cultural and collecting fabric of New York and the US at large.”

TEFAF New York Spring will be held at the Park Avenue Armory from May 2 through 7, 2019.

“We had always felt that New York was in need of an elegant Fair that encompassed the entirety of the 7000 years of Art History, and TEFAF brings that full range, as well as extraordinary quality and Vetting that is the gold standard of the art world,” said Jeff Rabin, Principal of Artvest Partners and Co-Founder of TEFAF New York. “Also, consistent with TEFAF’s efforts to support Cancer Research at the University of Maastricht in the Netherlands, we formed a close partnership here in New York with the Society for Memorial Sloan Kettering, raising several million dollars for cutting-edge cancer research in the first years of the Fairs.”

Added Michael Plummer, Artvest Principal and Co-Founder of TEFAF New York, “By making the TEFAF New York Fairs important cultural events as well as commercial ones, and by creating robust programming and an engaged Advisory Board of Museum Directors and leading collectors across the US, we were pleased at how quickly we were able to adapt the TEFAF brand to American sensibilities and how warmly it was embraced by both the global and local Art communities.”