Georgina Adam reports on the successful Frieze for All Visual Arts, the art-commissioning fund run by Joe La Placa and funded by UK hedgie, Mike Platt of BlueCrest Capital:

Its current show, on view at 33 Portland Place, is entitled Vanitas: The Transience of Earthly Pleasures and on its opening night, last Monday, attracted an astonishing 800-1,000 visitors. Commercially it is a success as well: on the first night, a quarter of the works on offer – by artists such as taxidermist Polly Morgan, the Chapman brothers and Jonathan Wateridge – found buyers, with a large-scale painting by Wateridge sold for something around £300,000.

The Art Market: FIAC in Prospect (Financial Times)