Article: Philistines flabbergasted; Contemporary art.(Booming British modern art)

A seriously expensive clown

Fans of contemporary art have the last laugh

ONLY the most fashionable have been invited to the first-night party of London's Frieze Art Fair 2004 on October 14th. It will be packed with art lovers, collectors and celebrities (Jude Law, an actor, and Kate Moss, a model, are promised), and will be followed by a weekend of champagne breakfasts, impromptu performance art and lavish receptions to encourage punters to fork out for works by the hippest of contemporary artists--Gerhard Richter, Cindy Sherman, Matthew Barney, Jake and Dinos Chapman and the like.

"Art is money-sexy-social-climbing fantastic," said the late ...

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