St. Moritz, ballroom of the alps, can be a wonderfully sleepy village. After the wild party around Christmas, the New Year, and the last big Cresta race on the traditional sleds, the place is nothing more than snow-covered as of March. Those who did come to the Engadine last weekend flew in for the art, to celebrate the opening of the exhibition “New Watercolors” by the American artist Walton Ford – and their connection to the hosts, gallerist Vito Schnabel and Bob Colacello, the society chronicler and longtime Warhol friend, who has been friends with Schnabel for a long time and advises him on art-related questions.