New media and depictions of financial turmoil big focus at Moscow’s Fourth Biennale

MOSCOW (REUTERS).- New media and depictions of financial turmoil were on display atMoscow’s fourth Biennale, which kicked off on the weekend across the capital giving a much-needed boost to Russia’s modern art scene. Called “Rewriting Worlds,” many of the 64 featured artists, from 33 countries, are exhibiting for the first time at Russia’s largest art show, in a plush department store and trendy galleries dotted across Moscow. “We wanted a digital piece of art to show how we are both fueled [...]

Russian Art Week Sales Expected to Reach $81 Million for Auction Houses in London

LONDON (REUTERS.- Auction houses are banking on a recovery at next week’s series of big Russian art sales in London, at which they expect to show that the market dominated by new money is through the worst of the recession. With most at stake are Sotheby’s and Russian specialist MacDougall’s, who together offer works worth between 27 and 39 million pounds ($45-64 million). Christie’s the world’s largest auction house, has pre-sale estimates of 6.5-9.3 million pounds. The figures are sharply [...]