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nada new york independent art fairs sales report 1234741712

Two major New York art fairs—NADA New York and Independent—opened this week alongside Frieze and TEFAF, marking a crowded spring fair season. Despite a recent market downturn, both fairs reported strong attendance and early sales. NADA's executive director Heather Hubbs noted high-quality visitors and positive feedback on the new venue, while Independent founder Elizabeth Dee cited a 20% increase in opening-day attendance and robust buying from collectors and institutions. Sales ranged from lower-priced works under $50,000 to six-figure transactions, with galleries like Vielmetter Los Angeles, Andréhn-Schiptjenko, and Fleisher/Ollman Gallery reporting significant sales.

real estate investor carl gambino young collectors

Real estate investor Carl Gambino, who splits his time between New York, Los Angeles, and Miami, discusses his art collection and approach to collecting in an interview with Cultured. Gambino, who once considered flipping art but resolved to buy for keeps, shares his early mistake of buying under social pressure at a dinner in France, a decision that left him feeling sick. He credits Kim Hastreiter of Paper magazine and Marsea Goldberg of New Image Art for teaching him to buy only what he loves. His collection features emerging painters such as Alejandro Piñeiro Bello, Cynthia Talmadge, Tianyue Zhong, and Dennis Miranda Zamorano, and he supports exhibitions including a showing of LaKela Brown at the Museum of Contemporary Art Detroit.