Billionaire acquires Russian art worth $60 million

Russian billionaire Roman Abramovich recently purchased $60 million worth of art by Russian artist Ilya Kabakov.
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Russian business tycoon and renowned art collector Roman Abramovich may have just made his biggest purchase yet. Recent reports indicate that Abramovich and his partner Dasha Zhukova purchased a collection of over 40 works by Russian artist Ilya Kabakov estimated to have cost over $60 million.

It’s one of the largest Kabakov collections in the world,’ Kabakov’s wife, Emilia, told Bloomberg. ‘It’s also the most outstanding in terms of quality and art-historical significance.

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