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At the Paul Hamlyn Foundation Awards for Artists event, Jeanette Winterson spoke of the true value of art and the need for artists to be supported.

Two things happened this week that bear upon this evening and these awards.
First, the Modigliani—Reclining Nude—sold at Christie’s New York for $170million. The second highest price ever paid for a painting. Picasso still holds the record for Women of Algiers. The Modigliani was bought by a Chinese collector.
I could talk about women, I could talk about nudes, money sex, power, and I could talk about China buying the West, but instead I’d like to talk about value—and bring you the second happening of the week—right here in London.
Southwark Council turned down the application from Rohan Silva of Second Home in Spitalfields (that’s the entrepreneur and creative hub on Hanbury St) and Hannah Barry, the founder of Bold Tendencies, to create 800 artists spaces in an old multi-storey carpark in Peckham where Bold Tendencies has been working for years doing events and pop-ups. Their scheme had the backing of Tate Modern and the Serpentine, and promised jobs as well as art. It was a good scheme but the Council preferred Pop Community Ltd – a Mayfair property developer, with a hip name hiding the usual aim – Make More Money... Keep reading on Paul Hamlyn Foundation