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Mr Perry, best known for his pots and picking up the 2003 Turner Prize while dressed as his alter ego Claire, is due to be live at the Frieze Art Fair in Regent's Park with Nigel Wrench later. In the meantime, here's part of his latest work, The Walthamstow Tapestry, 15 metres long and on display at the Victoria Miro Gallery in London.

Nigel writes: "At Frieze, now one of the world's biggest art fairs, I'll be asking whether anyone really owns an artwork. Is the film director Lord Attenborough right? He told The Times when announcing the sale of 50 works from his art collection: 'In all truth, art belongs to no-one, some of us are simply its temporary, fortunate custodians'. And: who is buying art in a recession? Anyone?"

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