Art in America reports that Louise Blouin has backed out of a deal that would have sold her controlling interest in Merchandise Mart Property’s art fairs, among them New York’s Armory Show.
As you may remember, we reported earlier that Ms. Blouin was the finalist to buy the fairs and that her deal to purchase them was “locked, but not yet consummated,” meaning money had yet to change hands.
So now it’s unlocked! Will anyone buy the fair now? Stay tuned.