Despite the recent jitters in the press over fears that the booming art market was headed for a correction thanks to the ripple effect from the credit crunch in the U.S. sub-prime mortgage market, over £200 million (about $400 million) worth of post-war and contemporary art was sold in London during Frieze Week, Oct. 11-15, 2007. Once again, for the fifth consecutive year, the Frieze Art Fair has demonstrated its Midas touch.
