Bank, an artists' co-operative is formed to curate and collaborate on exhibitions. The Big Issue magazine launched to be sold by the homeless, on behalf of the homeless. Ministry of Sound club opens. Vivienne Westwood becomes British Designer of the Year. Tate Gallery's Turner Prize relaunched.
Artscribe magazine closes.
Sarah Lucas' first solo show Penis Nailed to a Board at City Racing. Young British Artists 1 at the Saatchi Gallery. House repossessions at an all-time high. Kate Moss emerges as a super-model. Conservatives win general election.