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Presenter Nicolas Jackson visits ARCO, Madrid's international contemporary art fair, where Carlos Urroz, director of the event, gives us an insight into how it is run.
The annual art fair is one of the biggest of its kind in the world, attracting hundreds of thousands of visitors and visual arts professionals.
We also meet Professor Jonathan Harrism, Director of Research at the Winchester Centre for Global Futures in Art, Design and Media, who discusses the role of international art schools in a globalised art market.