Peter Aspden reports on the London Art Fair in the Financial Times. The noticeable lack of specifics to back up statements like, “bargain hunters were out in force” and “a new climate of realism was in evidence” should color one’s reading of the rest of the boilerplate report:

Julia Alvarez, the gallery’s director, said prices had been scaled down to reflect the public’s interest in prints from emerging artists rather than expensive works by established names. But the fair also featured works that cost up to £500,000, reflecting the breadth of its appeal, said Jonathan Burton, the fair’s director. […] But he said that sales had been steady at the fair over recent years, including last January, when nervousness about the financial situation was high. “What is clear is that the best work continues to sell – but second best is not good enough.”

Realism Pervades London Art Fair (Financial Times)