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After ten years, Frieze London continues to be a hit with patrons and dealers alike. A mix of established and fledgling galleries, Frieze attracted nearly 55,000 visitors during its five-day run. Major sales included Paul McCarthy’s White Snow Head (2012) for $1.3 million, Damien Hirst’s Destruction Dreamscape (2012) for $807,650, and Jenny Holzer’s installation Blast (2012) for $525,000. New to the fair, Stevenson Gallery was pleasantly surprised when The Outset/Frieze Art Fair Fund to Benefit the Tate Collection acquired Nicholas Hlobo’s Balindile I (2012).

Stefan Ratibor, Director of Gagosian, said, “We had a terrific fair. Both Frieze and Frieze Masters were quite brilliant.” Victoria Miro of Victoria Miro Gallery added, “I can only say positive things. We’ve had success with all our artists and the market has been surprisingly strong. The fair is truly contemporary with many cutting-edge pieces.”

This year marked the debut of Frieze Focus, a section of the fair devoted to galleries less than ten years old. Focus participant, Mihaela Luteo of Plan B said, “The positioning of Focus has been really very good in cultivating positive reactions. This section gives us the possibility of building our profile in the perfect context. We wanted to introduce artists that may not be so well known and have sold most of the work we brought with us.”

A decade after its debut, Frieze London remains at the forefront of the Contemporary art scene. Frieze's dedication to innovation, risk-taking, and new talent can be thanked for that.

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Three highly attended and widely acclaimed exhibitions at the Metropolitan Museum of Art generated about $781 million in spending by regional, national and foreign tourists this spring/summer season. Schiaparelli and Prada: Impossible Conversations, Tomas Saraceno on the Roof: Cloud City, and The Steins Collect: Matisse, Picasso, and the Parisian Avant-Garde are to thank for the impressive chunk of change.

The Metropolitan has employed a number of audience studies in recent years to calculate the public economic impact of its special exhibition program. With a direct tax benefit of $78.1 to New York City, it appears the program is well worth its while.

In total, 339,838 visitors came to the Met to see Schiaparelli and Prada and 323,792 patrons came to see The Steins Collect, which will remain on view though November 4, 2012. At the time of the study, Tomas Saraceno on the Roof drew the largest crowd with 368,370 visitors.

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