-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LMK9uQT0kOSr9ghNBwyBGQH0LRXTpxL61Qpr4bkFe7W0a513FCF0KweVf1e3qYrN
 NOrvm8tvI42oU4+mrC2jRg==

<SEC-DOCUMENT>0000950142-05-000834.txt : 20050316
<SEC-HEADER>0000950142-05-000834.hdr.sgml : 20050316
<ACCEPTANCE-DATETIME>20050316194908
ACCESSION NUMBER:		0000950142-05-000834
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050310
FILED AS OF DATE:		20050316
DATE AS OF CHANGE:		20050316

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BKF CAPITAL GROUP INC
		CENTRAL INDEX KEY:			0000009235
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		IRS NUMBER:				360767530
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		200 W. MADISON ST.
		STREET 2:		SUITE 3510
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		2123328400

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BAKER FENTRESS & CO
		DATE OF NAME CHANGE:	19970829

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BAKER FENTRESS & CO ET AL
		DATE OF NAME CHANGE:	19940714

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			AIGEN GLENN A
		CENTRAL INDEX KEY:			0001213078

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-02144
		FILM NUMBER:		05687138

	MAIL ADDRESS:	
		STREET 1:		C/O BKF CAPITAL GROUP INC
		STREET 2:		ONE ROCKFELLER PLZ
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10020
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4_gaigen031005ex.xml
<DESCRIPTION>STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-03-10</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000009235</issuerCik>
        <issuerName>BKF CAPITAL GROUP INC</issuerName>
        <issuerTradingSymbol>BKF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001213078</rptOwnerCik>
            <rptOwnerName>AIGEN GLENN A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ONE ROCKEFELLER PLAZA</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10020</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Senior VP, CFO and Treasurer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2005-03-10</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1400</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2784</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On March 10, 2005, the reporting person was granted 1,400 shares of restricted common stock under the BKF Capital Group, Inc.
1998 Incentive Compensation Plan. One third of these shares will vest on December 31, 2005, December 31, 2006 and December
31, 2007, respectively.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Glenn A. Aigen</signatureName>
        <signatureDate>2005-03-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----