Walpole: Frieze began as a magazine in 1991. What prompted its evolution into an art fair?
Matthew Slotover: As young editors of a magazine, we used to travel to see contemporary art at the international art fairs. Contemporary art galleries were really where the young art was being shown and where the new ideas were – more so than the museums. It dawned on us through the Nineties that every city had an international art fair except for London. We saw there was an opportunity for us there, and we knew all the galleries because they were the advertisers in the magazine. The only problem was that we knew nothing at all about the art market, about running events, or about putting up tents!
You distinguish between the contemporary art in art fairs and the art in museums on your trips…
Frieze magazine began in a time before the Tate Modern existed. Tate Britain would do one maybe one international contemporary exhibition every five years, but it didn’t have a space to exhibit younger artists (the Turner Prize was its contribution to younger artists). Places like the South London Gallery, Studio Voltaire, Goldsmiths didn’t really exist then, and lots of places have come up in that time that do show new young artists. However, at the time, the big institutions just didn’t take them seriously.