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The man who runs London's Tate Modern - an art gallery in a former power station that looms over the River Thames - was named on Thursday the most powerful figure in the world of contemporary art.

Nicholas Serota has been in the top 10 of the "Power 100" every year since the list was launched by ArtReview magazine in 2002, which said his museum "has come to epitomize almost all the elements of the current 'global' artworld."

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