Now is the time of year when art schools present their degree shows – “the art world’s coming-out parties” – and dealers, curators, and collectors make the rounds looking for new talent. Royal College of Art grads in London are already fetching four-figure sums for their student work. What does this say about the fickle British art market? “If we have learned one thing from the sensational success of British art in the past decade, it is that talent or skill alone has nothing to do with becoming a famous artist. This is not because art is a con, but because it is an intellectual game. It’s a game of recognition, of constantly stretching the parameters of what can be defined as art.” – The Guardian