Moscow Art Fair Challenges World’s Largest

The fourth Moscow World Fine Art Fair opens this week. “Only 20 galleries attended the first fair in June 2004, when it was not so common for a Russian to pay more than $1 million for art.” This year 80 art galleries will show works valued about 1 billion euros ($1.3 billion) of work.”That’s close to the $1.5 billion estimate of art shown at the world’s biggest art fair in Maastricht in March.”