Galleries at NADA and Independent Reap Benefits of Collectors’ Move Toward Lower-Priced Artworks

Two big New York art fairs—NADA New York and Independent, at Chelsea’s Starrett-Lehigh and Tribeca’s Spring Studios, respectively—kicked off this week, joining an already-busy week that also includes Frieze and TEFAF. It’s been a few years since the spring had a fair week this busy, but if the recent downturn and the compressed schedule had dealers and collectors worried, it wasn’t apparent at either fair.Heather Hubbs, executive director of the New Art Dealer