According to a piece in the recent Wall Street Journal Magazine, a Damien Hirst piece sold for $5.6 million in the first hour of the 2010 Frieze Art Fair. It's hard to say whether Americans will be willing to part with so much cash for contemporary art.
Whether sales are as robust at this first American Fair hardly matters when you consider the venue. Located on Randall's Island, the show organizers have worked with New York based architects SO-IL to create a snake-shaped structure under which the art will be displayed. In addition, the tent will be surrounded by a sculpture park with works by Christoph Büchel, Ernesto Neto, Tomás Saraceno and Cerith Wyn Evans.
Frieze New York takes place May 4 - 7, with tickets available only online.
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