LONDON, ENGLAND.-Frieze Art Fair 2005, sponsored by Deutsche Bank, today announced record results for the fair's third edition. With over 47,000 visits and ticket sales up by over 20%, the fair has confirmed its status as the UK's most important contemporary art event and its position as one of the world's leading international art fairs. All established in only three years.

A total of 33 million pounds worth of contemporary art was sold by the world's leading contemporary art galleries including, Hauser & Wirth London Zurich, Yvon Lambert, Marian Goodman, and White Cube/Jay Jopling. This is a marked increase on 2004 when sales totaled 26 million pounds.

Frieze Art Fair is also the place to chart to rise of new galleries and emerging artists, producing and showing the best new work internationally.

Key works by 10 artists were selected for the Tate Collection thanks to the 125,000 pounds Frieze Art Fair Special Acquisition Fund including, Daria Martin'"Close Up Gallery," 2004 from Hotel, London, David Lamelas, "Time," from Jan Mot, Melgium and Alexandre da Cunha "Skateboarderistismatronics (fan)," 2004 from Galeria Luisa Strina, Sao Paulo, Brazil.