More than 50 galleries will be open from noon until 10pm offering exhibitions, guided tours, lectures by art historians and artists, as well as indoor and outdoor music programmes in Falk Miksa and the adjoining streets between Parliament and Margaret Bridge.
In the Prestige Gallery the director of the Budapest French Institute Francois Laquieze will open an exhibition of contemporary painter Karoly Klimo's works at 5pm.
The Bumbum Gallery will put on display works by expressionist painter, sculptor and graphic artist Janos Matthis-Teutsch(1884-1960) from Hungarian and international collections, which will also be on sale.
Several works by avant-garde painter Bela Kadar (1877-1956) will be on show in MissionArt Gallery, where an art historian will give a lecture on Kadar's art at 6pm.
In the showroom of Hollohaz Porcelain Factory visitors can try their hands in porcelain painting and in Goldbach Gallery go on a treasure hunt.
Moro Antique will exhibit Japanese woodcuts, while Anni Domini will put on a box exhibition.
Guided tours starting from Moro at 2.30 and 4.30pm will take visitors for a walk to see the 100-year-old buildings of the street.
Falk Miksa street in Budapest's main antiques district is also known as home of the seasonal Collectors' Night programme with thematic displays and concerts.