Kelly Crow talks to some gallerists in advance of this week’s Frieze fair and then FIAC following. She discovers that the secondary art market has returned faster than the primary market. Nonetheless, galleries are returning to the fairs seeking sales, including Loring Randolph,  co-director of Casey Kaplan Gallery:

“Have we seen a full-circle turnaround? No,” Ms. Randolph said, “but the art world is still event-driven, and the fairs are where collectors come ready to buy.” […]

The global art market began recovering this spring, but dealers say collectors returned first to the auction houses, where art often comes with a reassuring track record of past sales.

Shopping for a New Barbed-Wire Cowboy Hat (Wall Street Journal)