Sales at hedge fund-backed art show surge

At The Age of the Marvellous, a satellite art show to London's Frieze Art Fair, which previewed last night, sales were brisk, suggesting a revival in the local art market.

At the show, financed by BlueCrest Capital Management chief executive Michael Platt, over half of the 60 works sold. A record was set for a work by artist Polly Morgan, who sold her "Departures", a flying machine harnessed to a flock of stuffed birds, for £100,000 to a Berlin-based foundation.

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