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The 13th edition of Frieze London takes place in The Regent’s Park, London from October 14–17, 2015. Frieze London is sponsored by Deutsche Bank for the 12th consecutive year, celebrating a shared commitment to discovery.

Unrivalled in quality, range and depth, Frieze London 2015 provides a discerning perspective on contemporary art, utilising the expertise of leading curators including Nicola Lees (Curator, 31st Biennial of Graphic Arts, Ljubljana), Clare Lilley (Director of Programme, Yorkshire Sculpture Park) and Gregor Muir (Executive Director, ICA, London) across its feature sections and programme.

Frieze Week, a seven-day concentration of art events, is currently underway in London. Between auctions, selling exhibitions, and a swath of fairs, approximately $2.2 billion worth of art will be up for grabs.

The epicenter of the event, the Frieze Art Fair, will open to VIP guests on Tuesday, October 14. Now in its twelfth year, the fair will present contemporary offerings from 162 international dealers, including Gagosian Gallery, Marian Goodman Gallery, Hauser & Wirth, Casey Kaplan, Lehmann Maupin, Pace Gallery, Galerie Perrotin, Sprüth Magers, White Cube, and David Zwirner. Located in a bespoke structure in Regent’s Park, the Frieze Art Fair features a number of unique sections.

Today, Frieze announced the 20 artists who will contribute work to its free sculpture park, on view for the run of both Frieze London and Frieze Masters from October 15 through 19. Curated by Yorkshire Sculpture Park’s Director of Programs, Clare Lilley, the Regent’s Park display includes work by Yayoi Kusama, Ursula von Rydingsvard, and Thomas Schütte, among others.

“Unique in the world’s art fairs, this year’s Frieze Sculpture Park is an intriguing and delightful breath of fresh air featuring artists from across three generations,” Clare Lilley said in a statement.

Committed to showcasing the best in contemporary art, the The Frieze Art Fair decided to mix things up in honor of its tenth anniversary. Taking place from October 11 –14, the fair will exhibit ancient works at the simultaneous inaugural show, Frieze Masters. The fair will feature 96 galleries offering works from the last 4,000 years. While the inclusion of non-contemporary work encourages crossover collecting, it also allows patrons to explore the past’s influence on contemporary art.

Between the Frieze Masters’ exhibitors and the 175 contemporary galleries participating in the fair, there will be a total of $1.5 billion worth of art in London’s Regent’s Park. After last night’s exclusive VIP preview, it seems that collectors are anxious to buy.

One of the first pieces to sell at the fete was Pablo Picasso’s Homme et Femme au Bouquet priced at $8.5 million. An unidentified U.S.-based collector snapped up the painting at Frieze Masters. Over at the contemporary fair, Paul McCartney’s 2012 mixed-media sculpture, White Snow Head, sold within the first ten minutes of the preview for $1.3 million.

Attracting thousands of visitors from around the world including big name collectors such as Martha Stewart, PPR chief executive officer Francois-Henri Pinault, and New York mayor Michael Bloomberg, it will be interesting to see the effect the fair’s widened scope will have on sales.