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LUXURY SETS OUT ITS STALL: It looks there’s at least one corner of London’s luxury market that the recession hasn’t yet hit. The works on show at Masterpiece London, a new fair at London’s Chelsea Barracks that encompasses art, antiques, jewelry, fine wines, watches and classic cars are, rather than being selected according to era or medium, picked out by determining if they’re “the best of the best…we asked exhibitors to bring their exceptional pieces,” said Thomas Woodham-Smith, the fair’s chairman and one of its founders. Woodham-Smith said he and the fair’s co-founders had conceived of the exhibition, which opened June 24 and runs through today, with the idea of giving decorative arts “a boost.” Among the 120 exhibitors are auctioneers Patrizzi & Co., whose pieces include a prayer mat made from 27,000 precious stones and 15.9 kilos of 18-karat gold; Coys, who deal in collectible cars and have vintage Aston Martins on show, and Asprey, which had a 50-carat yellow diamond, called “Golden Sun,” and rare pink diamonds from Rio Tinto’s Argyle mine on display. A spokeswoman said the fair is expected to have seen over 20,000 visitors by the time it closes and sales have included a 1927 Bentley, which was sold by the classic car dealer Fiskens for around 550,000 pounds, or $829,000, and a Carlton House table sold for in excess of 500,000, or $754,000. Next year, the fair is planned to run at the Royal Hospital, Chelsea, from June 30 through July 5.