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Personal Investment

As the global economic crisis sweeps over Russia with swingeing falls in both the rouble and economic activity the international property market remains a beacon for Russian investors.

Earlier this year a new record was set for sales of contemporary art at a single auction in Europe at Sotheby’s in London. In one afternoon of bidding the 70 lots totalled over £95 million, quashing fears of a market downturn. Art collecting, it appears, is still a worthy pastime for those who can afford it.

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