After the inaugural edition of Photofairs New York took place last September steps from The Armory Show, it will not take place this year.

A spokesperson for Creo, which operates the contemporary art fair dedicated to photo-based works, digital art and new media, told ARTNews that market conditions and consultations with “our community of galleries and partners” led to the decision.

“Our priority is mounting a dynamic and high-quality event, so we feel it is best to hold the fair once market conditions improve,” the spokesperson said in an email. “In the meantime, we remain committed to PHOTOFAIRS and to its role as a vital platform and convenor for the photography and contemporary art community.”

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The debut of Photofairs New York last year at the Javits Center included the participation of 56 galleries from over 20 cities around the world. VIP attendees included Whitney Museum curator Rujeko Hockley, Inditex chair Marta Ortega Pérez, actor Chris Rock, actress Jane Seymour, English artist Zoë Buckman, and photographer Joel Meyerowitz.

Photofairs New Yor was founded by Scott Gray, the founder and CEO of Creo Arts. Gray also founded Photofairs Shanghai and serves as CEO of exhibition consultancy firm Angus Montgomery Arts.

In a previous interview with ARTnews, Gray acknowledged that Covid-19 was one of the challenges to bringing a Photofair to New York, as well as finding the right venue in an increasingly packed international art fair calendar.

The spokesperson from Creo Arts confirmed to ARTnews that Photofairs Shanghai would still take place in 2025, after it held its most recent edition with 46 exhibitors at the Shanghai Exhibition Centre in April.