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The final pieces have been installed and exhibitors sip on champagne in their booths as the first of their prospective collectors walk in past waiters serving canapés and a band playing indistinct jazz. It’s a scene that could be the opening night of an art fair anywhere in the world, if it weren’t for the friendlier than usual greetings and the occasional cowboy boot peeking out from under a suit trouser. This is Texas and the launch night of the fourth annual Dallas Art Fair.

“In many respects, the concept of the American dream is still alive and…

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