An incredible acquisition for one of the richest men in Russia, Roman Abramovich has allegedly spent $60 million to acquire works by the Russian artist Ilya Kabakov. The collection is composed of forty works, all created before Kabakov left Moscow in 1987, considered the most important period of the artist’s career. Emilia Kabakov, the artist's wife, said she and her husband were relieved when they learned that the collection would remain intact.
Owner of the previous collection, American collector John L. Stewart, nor representatives of Roman Abramovich have commented on the deal. However, Natalia Kolodzei, the executive director of the Kolodzei Art Foundation has said: “It is one of the largest collections of Ilya Kabakov works in the world”. She also states that the collection is incomparable in terms of its artistic and historic value. The works recently acquired include eight albums from the series Ten Characters (1968-1975).
lya Kabakov who now lives in New York was one of the founders of the Moscow conceptual art school. Since 2008 when Ilya Kabakov's painting Beetle sold at Phillips de Pury & Co auction for $US5.8 million the artist has been named the most expensive Russian artist still alive
|ILYA KABAKOV, Beetle, 1982, Enamel paint on wooden panel. Courtesy Phillips de Pury & Co. |