Art's big power players

Saatchi's stock has fallen, Hirst's has dropped like a stone and Turner Prize winners Grayson Perry and Tracey Emin don't figure at all - that's what Art Review's list of the 100 most powerful figures in the world of art has decreed.

The magazine's annual Power 100 list, revealed today, has crowned American "superdealer" Larry Gagosian - known as "Go-Go" - king of the modern artworld. Gagosian burst into Britain this year when he opened a 1,400 square metre showroom in King's Cross, the largest private gallery in London.

But Charles Saatchi plummeted 11 places, from number six last year to number 17. "It's not been a great year for the former king of contemporary art collecting," said the magazine.

Despite the success of his Pharmacy clearance sale, which made £11.5 million at Sotheby's, Damien Hirst has been relegated from last year's 49 spot to number 78.

Rebecca Wilson, Art Review editor, said: "It was old work. His recent efforts, such as the work with David Bailey, have been panned."

Tracey Emin, Royal Academy chief Norman Rosenthal and Jake and Dinos Chapman are all excluded - as is Grayson Perry, current holder of the Turner Prize. Ms Wilson said: "I don't think Grayson has yet done quite enough, winning the Turner Prize is not enough to get on this list."

Tate Director Sir Nicholas Serota kept his place at number three, one behind New York's Museum of Modern Art director Glenn Lowry.

Well- known London figures include architect Zaha Hadid (20), and White Cube gallery owner Jay Jopling (49). Notable new arrivals are Anish Kapoor (83), who created his monumental sculpture Marsyas at the Tate Modern, and Scottish artist Jack Vettriano (100).

Although likely to get gossip going, Art Review's list will be superseded in December by Art + Auction magazine's long-established list of art power-players. Given the fickle nature of modern art, everything by then is bound to be different.

The full list is in Art Review's new issue, on sale tomorrow.