The market mainly features a collection of different types of traditional Armenian art works.
It was formed during the 1980s by Armenian artists who started to display their art works in the square next to the Artists' Union of Armenia (the current Charles Aznavour Square).
Later, the Vernissage was moved to Martiros Saryan garden in front of the Opera House.
The exhibition-market was gradually enlarged and finally moved to Aram and Buzand streets, starting with the Republic square metro station and ending up with the statue of Vardan Mamikonyan.
In addition to carved wood and art works, traditional carpets, old collections of coins and medallions, books, jewellery, musical instruments, electronics and even pets are found in the market.