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For Frieze, There’s No Place Like London

For art fairs, location is destiny.

The organizers of Frieze London and Frieze Masters — twinned events taking place near each other in Regent’s Park from Thursday to Sunday — have capitalized on London’s role as a market hub and cultural center.

Then they seized opportunities to expand to New York in 2012, and, earlier this year, to Los Angeles.

Similarly, Art Basel expanded over the years from its base in Basel, Switzerland, to stage fairs in Miami Beach and Hong Kong, the idea being that each city is good for doing business and somewhere collectors want to go.

“The fairs are all defined by the places they’re in,” said Victoria Siddall, the director of Frieze Fairs.

But this year’s London events are happening in a city roiled with uncertainty over the economic consequences of Britain’s withdrawal from the European Union, a reminder that the art world — though it sometimes sets itself apart — is a commercial sphere subject to the rules of the real world.

To that end, their booth will feature work by Cory Arcangel, Walter Price, Jacqueline Humphries and Rachel Harrison.

“We think a fair can be a great platform to promote an artist at a certain moment in their career,” Ms. Greene said.

Frieze Masters, with 136 dealers, welcomes several new galleries this year, including New York’s Ortuzar Projects, presenting a solo booth of work by the Spanish avant-garde painter Maruja Mallo (1902-1995).

“Dealers that join the fair are hoping for collector crossover between the modern work and older things,” he said. “We’ll see if that’s the case.”

And Mr. Baker said he harbored no hard feelings about being kept out of the action for so long.

“You can’t slide in on your reputation,” he said of the selection process. “You can’t just throw a few things on a stand, and that’s what makes Frieze what it is.”

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