The 12th edition of Frieze London, the international contemporary art fair, takes place in London's Regent's Park from 15 to 18 October 2014. The vast show brings together 162 of the world's leading contemporary galleries, from 25 countries, with an estimated $2.2bn (£1.4bn) worth of work on show.

Frieze is spread across two venues in Regent's Park and is made up of two fairs: the contemporary and Frieze Masters, dedicated to art from ancient to modern.

Highlights include a fun installation by Carsten Höller (Gagosian Gallery, London), a 17th-century Rembrandt portrait on offer at New York's Otto Naumann gallery stand for £30m, and an exciting new work by Olafur Eliasson, whose Weather Project thrilled crowds at Tate Modern back in 2003.

IBTimesUK presents some of the highlights. Tickets can be booked online or bought at the venue, space permitting.