$1.6 billion on sale at Moscow World Fine Art Fair

May 29th, 2008

Image via Art Daily

The fifth annual Moscow World Fine Art Fair has drawn attention and the bank accounts of buyers from around the world. Travelers from Kyoto, New York, and Paris came to take advantage of Russia’s new exploding luxury goods market. There are 56 fine and decorative art vendors and 20 jewelry vendors who enjoyed brisk sales. There is €1 billion euros ( $1.6 billion dollars) worth of art at the fair. A highlight of the fair is Spanish artist José-María Cano’s oversized Wall Street Journal style illustrations of leading Russian personalities. The fair runs from May 28 – June 2nd.

Moscow World Fine Art Fair
Moscow Fair Brings Luxuries to Nouveau Riche [Art Info]
International Dealers Have $1.6 Billion of Art on Offer at the Moscow World Fine Art Fair [Art Daily]
A new Powerhouse for Moscow’s new rich [NY Sun]

Andy Warhol, Hamburger Michel (1980) via Moscow World Fine Art Fair

Russian-born Marc Chagall’s 1964 La Vie for €200,800, ($311,546) a large 12 by 16 foot tapestry, was on display by Jane Kahan. Kahan also purchased Fernand Léger’s Les Constructeurs à l’Aloès (1951), priced at €172,000 ($266,860).

Le temps se couvre via Moscow World Fine Art Fair