Going to The Art Show

Bloomberg sniffs out the action at The Art Show:

“This particular fair is one of the best barometers of the art world,” said Matthew Armstrong, curator of Marron’s collection. He bought nothing.
“Everyone is paralyzed,” said dealer Per Skarstedt. “It has to be either rare or inexpensive or both.” Skarstedt Gallery sold only one work: a photograph by Cindy Sherman priced at $600,000.
“The guys with the bonuses and hedge funds won’t be throwing money around,” he said. “There are a lot of things at lower price levels than in the past.”
“Ten, 15 years ago, people would have had their inventory on the walls,” said Roland Augustine, president of the ADAA. “I’ve encouraged member-dealers to think more about the aesthetics and the curatorial approach. I think it serves the artist and the gallery better.” As a result, 24 dealers are focusing on the work of a single artist, up from 18 last year.