Which is the greatest contemporary art fair in America? Is it the Armory Show, the biggest home-grown fair in New York? Is it Art Basel/Miami Beach, the American off-shoot of Europe's mighty Art Basel, which launched in Florida in 2002? Or will it be Frieze, the London fair, now 10 years old and another foreign brand? Frieze's announcement that it will launch its first New York edition in May has been sending shivers down the backbones of its competitors.
The question arises because next week is Armory Arts Week in New York - a week, like Frieze Week in London, jam-packed with art fairs, auctions and exhibitions. According to its own literature, the Armory Show "is America's leading fine art fair devoted to the fine art of the 20th and 21st centuries". But in reality it is struggling.