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So according to the London Evening Standard last week, Serpentine Gallery bigwigs such as Julia Peyton-Jones are in talks with the Hwang family developers over the possibility of transforming a wing of Battersea Power Station into an art gallery. The inventiveness of the property industry at its very best - you can just imagine it, can't you? There they all are, sitting around a boardroom table, and someone pipes up with: 'I've got an idea.

We've got ourselves a wrecked old power station on the Thames that we've got to do something cultural with. Why don't we turn it in to an art gallery!' I must be honest, I think I've heard that one before.

First the Guggenheim Effect, now let's have a bit of Tate Modern Effect instead.

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