The group consists of about 40 paintings as well as important early albums and installations. Most of the works were made by Kabakov before he left Moscow in 1987. The artist, who lives in New York, was a founder of Moscow’s conceptualist-art movement.
“The collection is priceless because it has many historic works that you can’t get anywhere else,” said Natalia Kolodzei, executive director of the U.S.-based Kolodzei Art Foundation, which promotes 20th-century Russian art.
Kabakov, 79, has held the title of Russia’s most expensive living artist since 2008, when his 1982 painting “Beetle” sold for 2.9 million pounds ($5.8 million at the time) at Phillips de Pury & Co. in London, now known as Phillips.
HERE'S A STILL LIFE ABRAMOVICH PAID £50M FOR IN 2011
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