EXPO-PARK Exhibition Projects is summing up the results of the 11 th International Art Fair ART MOSCOW that drew to a close on May, 20. The Fair was attended by 15,000 visitors. The 10th ART MOSCOW will occupy the entire Central House of Artists, 73 galleries from 16 different countries will take part in the Fair (Russia, Italy, Germany, France, Austria, the Netherlands, Austria, Hungary, Latvia, England, Luxemburg, Sweden, United States, Finland, Ukraine and Serbia). According to the organizers' data, total direct sales have amounted to $ 4,541,000 (last year - $3,150,000) plus $ 4,826,000 worth of works have been reserved (last year $ 1 270 000). Taking into account the information obtained from gallery operators, indirect sales based on contracts entered into at the Fair continue during 3 months and, therefore, considerably exceed the amount for reserved works. Thus, considering the Fair's long experience, the organizers believe that the reserved works amount may be objectively added up to the direct sales amount. So, in the organizers' opinion, the final total sales figure should be considered to be $ 8,961,000. The sale of foreign galleries brought in $2,029,500 (45% from sale's sum total), Russian galleries - 2,512,000 (55%). 7 galleries sold nothing (among them - 4foreign galleries).
