Back in February, news broke that the venerable European Fine Art Fair (TEFAF) would launch two editions stateside—one in the fall of 2016 and the other in the spring of 2017—sending shockwaves through the industry. Both fairs, which will be held annually, will take place at the historic Park Avenue Armory, with the first focusing on art from antiquity to the twentieth century, and the latter presenting modern and contemporary art and design.