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Estimate: NYC Arts Fairs To Generate $54 Million

2011 ArtExpoNY at Piers 92|94 (credit: Evan Bindelglass / CBSNewYork)

2011 ArtExpoNY at Piers 92|94 (credit: Evan Bindelglass / CBSNewYork)

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NEW YORK (AP) - New York City’s annual art fairs week is expected to draw tens of thousands of visitors and generate millions of dollars.

Mayor Michael Bloomberg helped kick off the activities Wednesday. A gala was held at the granddaddy of all art fairs, The Armory Show at Piers 92 and 94 on the Hudson River.

The city estimates that the Armory Show and Art Show and various arts-related events will produce more than $54 million in economic activity and attract some 66,000 people.

The centennial Armory Show features 214 exhibitors from around the world.

The 25th annual Art Show at the Park Avenue Armory features 70 exhibitors from around the country. It runs from Wednesday through Sunday.

Among other participating art shows and fairs are Independent, PooL Art Fair, and ArtExpoNY.

(Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)