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The International Fine Art Fair is also a "relative newcomer" on the New York City scene, having had its inception in 1994. The 2011 Fair was held May 1-5.
Besides still being relatively young, it is also one event that is slightly different than the usual street fairs, parades, and other public events, but it's still a lot of fun. This event offers New York City residents and visitors the check to view paintings, drawings, and sculptures ranging from the Renaissance era to the present-day.
These paintings are brought to New York City by some of the most famous picture dealers in the world, so this may actually be the only time that you can see, and purchase, one of these masterpieces.
The Fair is open to those who operate art museums as well as people wanting to make private purchases. Admission is charged, and can be paid at the door. This is something your whole family may enjoy, and will certainly be a memorable experience should you decide to attend next year.