Russians Keeping Larry Gagosian in Business
Wall Street's masters of the universe may be fixated on a government bailout/handout, but Russian oligarchs have picked up their slack in buying up the world's priciest houses, dating supermodels and amassing all the Faberge eggs and Damien Hirsts the global art market can offer. The director of London's Gagosian Gallery says that buyers from Russia and the former Soviet Union now make up nearly half of Gagosian's total sales worldwide. Maybe it's time for Larry to start brushing up on his Russian? [Bloomberg]