The parent company of Masterpiece London, an annual multi-disciplinary art fair held at the Royal Hospital in Chelsea, has announced that the fair is cancelled. Masterpiece London was founded in 2010 and had come to be considered one of the highlights of the summer art calendar in London. However, the company that owns it – MCH Group – has released a statement saying that due to “escalating costs and a decline in the number of international exhibitors” the event is “not commercially viable this year.”

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