Billionaires Wife to Open Contemporary Art Gallery

Stella Kesaeva, a collector of Russian contemporary art and the wife of billionaire Igor Kesaev, is following a recent trend of sorts by opening a museum of contemporary art in Moscow...

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Source: The Art Newspaper

Moscow: Russian Art Kandinsky Prize Competition

The cream of Russia’s contemporary artists are battling it out for the Kandinsky Prize. The total prize money on offer is 50,000 euros, but for some artists, the real prize is to have their work displayed...

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Source: Russia Today

Malevich Painting was Sold for $60 m.

Kazimir Malevich’s painting Suprematist Composition was sold at Sotheby’s in New York for $60 million on Monday. The name of the buyer was not made public. The sale price is the most ever paid for a work by Malevich or any other Russian artist. The largest sum paid for a Malevich work previously was $17 million in 2000, and the highest paid for a Russian work was $20.9 million for Vasily Kandinsky’s Fugue. Suprematist Composition has been displayed in museums in London and New York... Read More

Malevich Painting was Sold for $60 m.

Source: Kommersant