Red Dot New York 2011. (Courtesy Red Dot)

The Red Dot Art Fair is yet another satellite fair that will join the likes of NADA and Pulse when the Frieze Art Fair comes to New York City in May, and the second after the Pulse to make the move from Armory Week to the week of the Frieze fair. Red Dot, which will run May 3–6, 2012, will be presented at a 25,000-square-foot exhibition space at 82 Mercer Street.

Though it has yet to publish its exhibitor list, the art fair will house approximately 50 international modern and contemporary art dealers displaying paintings, sculpture, photography and works on paper from emerging, mid-career and established artists.

The fair has been around since 2007, and has always been based in both New York and Miami. And while it's small, its switch from Armory Week to the week of Frieze might be telling.