Yes, it's that time of year again, as the capital braces itself for the graduate art show season. The St Martins extravanganza is next month, and Free Range taking over the Truman Brewery as early as next week.

Inevitably, the grad shows are billed as your opportunity to discover the next Hirst or Emin. But unless you know your stuff, you're far more likely to walk out of there having paid for something which will depreciate quicker than an ice cube.

Be thankful, then, that someone has already gone to the trouble of sorting this year's Saatchi bait from the tat. The Anticipation exhibition, which opens today, is designed to showcase the cream of London's MA and BA students, as chosen by three of the UK's top curators.