The New York Armory Show 2017 this week opens New York’s winter contemporary art season. The season brings auction house sales, art fairs and gallery openings.

Global art consultant Matthew Drutt shows us exhibits like Yayoi Kusama’s Guidepost to the New World (2016), a group of bright red and white spirited, curvy polka-dotted blobs floating in a sea of green. There's also Studio Drift’s huge, heavy-looking but mysteriously weightless concrete cube. (Don't tell anyone: it's actually a balloon.)

Then there's Sebastian Errazuriz's upright piano suspended over the fair’s Champagne Lounge.

The Armory Show, on Piers 92 and 94 along the Hudson River in midtown Manhattan, is the longest running art fair in New York featuring young and established artists.

Investors and collectors from around the world gather there for what Drutt calls the "March Madness" of the art world. Drutt is president of Drutt Creative Arts Management (DCAM), a consulting firm providing curatorial and market forecast services to museums, foundations, and art collectors around the world.

Drutt discusses the evolving financial state of the contemporary art market, now as global as the financial sector, with art fairs and auction houses serving as trading floors for commodified works of art.