NEW YORK, NY.- The inaugural edition of VIP Art Fair, the world’s first exclusively online art fair, closed on Sunday, January 30, 2011 at 11:59 PM. The Fair—an acronym for “Viewing in Private”—attracted more than 41,000 collectors and art lovers from 196 countries. Many of the 138 participating contemporary art galleries, hailing from 30 countries and exhibiting works by more than 2,200 artists, reported sales and communications with new clients throughout the nine-day event. “The galleries showed leadership and courage in joining VIP Art Fair to launch a new global paradigm for art conversation, exposure and commerce,” said James Cohan, co-founder of VIP Art Fair with Jane Cohan, Jonas Almgren and Alessandra Almgren. “Despite some technical setbacks that impinged on our vision for the Fair, we all have much to be proud of in having brought together a diverse international audience who