Art Moscow Postpones, Hoping Things Will Perk Up By Fall

“Art Moscow, one of Russia’s biggest contemporary-art fairs, has been postponed to September to tap a crowd headed for a larger exhibition, as falling oil prices and squeezed credit quell art purchases among the nation’s rich.” The director of the company that puts on Art Moscow, which was to have opened May 14, put it this way: “By September, everyone will have gotten used to the new reality of the crisis.”