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Under the new owners the event will be renamed the New York Art, Antique & Jewelry Show, the tenth fair in the rapidly expanding PBSG stable, which includes events in Los Angeles, Dallas, Naples, Chicago, Baltimore and Palm Beach.

Scott Diament, president and CEO of the Florida-based Palm Beach Show Group, said: "We have always known we wanted to have a premier venue in New York and this show on Park Avenue in the heart of the city is the perfect addition."