MOSCOW.- Art Moscow represents the largest and most important fair for contemporary art from the 20th to 21st century in Eastern Europe. It was founded in 1995 and is today one of the major art events in the Russian Federation. In the last years the number of participants has risen significantly, in 2007 more than seventy galleries from Russia, Italy, Germany, France, the Netherlands, Austria, Hungary, Latvia, England, Luxemburg, Sweden, United States, Finland, Ukraine and Serbia took part. They altogether presented every part of modern art: video and photography, painting, editions, sculptures and installations.
The art market in Eastern Europe, and Russia in particular, has virtually exploded during the last years. Particularly Russia today represents a complete different image compared to years ago. The turnovers in economy, stock market and art market have risen at a fast speed. For the first time more money is being invested in the country than abroad. The Russian art market profits from this upcoming trend. Art Moscow offers an interesting and welcoming cultural event to Russia, an offer which the culturally well educated population with a high interest in the arts and its grown prosperity likes to take advantage of.