According to The Times Online, Russian billionaire Alisher Usmanov bought the entire collection of the late cellist Mstislav Rostropovich before it was due to be auctioned in London last week.
Usmanov reportedly paid over the £20 million estimate, and said that he would present the 450 artworks to the Russian state to keep the collection intact, The Time quoted him as saying: “When I knew that this collection would be sold at auction, I felt the need to try to preserve the collection in its entirety"
Mr Usmanov is Russia’s 18th-richest man and only last month bought a 14.6 per cent stake in Arsenal for £75 million from David Dein, the club’s former vice-chairman.
Auction House Sotheby’s described the paintings, porcelain and glassware as among the most distinguished it had ever handled and “one of the most important collections of Russian art in private hands”. It includes Faces of Russians, by Boris Grigoriev, which some critics believe is Russia’s most important postrevolutionary painting, and 22 works by the portrait artist Ilya Repin.
(Reference, The Times Online)