"There is only one place to be this week if you are anyone, or aspire to be anyone, in the arts – the Frieze Art Fair. The showcase of contemporary art, held in a marquee in Regent's Park, central London, begins on Thursday and has grown in just four years to become one of the most important and glamorous events in the world's cultural calendar. ..Such is the draw that the top auction houses time their sales of contemporary work to coincide with the arrival in London of big spenders from Britain, Russia, China and America. And breathtaking masterpieces have been flown in from New York to be showcased before they are auctioned in the Big Apple next month – these include works by Picasso, Van Gogh and Gauguin that haven't been seen publicly for a generation." (Independent on Sunday, 7 October)
It is good to know, isn't it, that in these days of austerity and tightening of belts our billionaires and their foreign companions can still afford to spend millions on works of art and still have time to have a little knees up. RD
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