Frieze is luring American art collectors back to New York

Frieze New York at The Shed will bring together over 60 leading galleries (mostly US-based). Photo: AFP

Much has been made over the last 14 months of "pop-up” art galleries in Palm Beach, Florida, Aspen, Colorado, and the Hamptons, New York, with dealers and collectors gushing about the wealthy provinces’ sales, attendance, and exposure.

Yes, New York’s galleries have been open (and selling art!) since at least last fall, and yes, there’s evidence that the trend of rich New Yorkers "fleeing” the city has been exaggerated-and is already in reverse.