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This is a fashion fair which brings together more than 20 of the country’s leading dealers in vintage fashion, many of them from Grays
markets but others from other London locations and out of town.

On offer will be a range of frocks, gowns, jewellery, handbags and other accessories, with prices from £2 up to four-figure sums like the £3500 Grays Market specialist Linda Bee will ask for this red walnut coat, right, produced, by Schiaperelli in the 1940s and ’50s, complete with real walnuts.

The participating dealers’ client lists include Kylie Minogue, Sadie Frost, Kate Moss, Liv Tyler, Yasmin Le Bon and Lulu Guinness. But it is not just the glitterrati who buy vintage. Fashion has graduated from pokey market stalls to sophisticated events like this one, but prices still seem to remain reasonable.

There is no doubt serious interest in this field is getting stronger and this fair will cover clothes from the 1920s to the ‘60s and ’70s, and most of the major designers.

Last year’s successful retrospective of Ossie Clark at the V&A and the current survey of the oeuvre of Vivienne Westwood at the same museum have reinforced the market for vintage fashion, which is one field where you don’t just collect but you wear your collection.

The fashion fair is open from noon to 6pm and admission is £5.