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art dasha zhukova ray real estate

Dasha Zhukova, the former fashion designer, magazine publisher, and museum founder, has launched a new real estate development company called Ray. Its first project, Ray Harlem, is a 21-story residential building on Fifth Avenue in Harlem, built in collaboration with the National Black Theatre (NBT). The development replaces NBT's original building and integrates a 27,000-square-foot theater as its centerpiece, with 222 apartments above, a quarter of which were offered through an affordable housing lottery. The building features site-specific commissioned artworks by emerging Black artists such as Jurell Cayetano, Freddy Carrasco, Nikko Washington, and Ellon Gibbs, and was designed by Frida Escobedo Studio with Handel Architects.

Amid crackdowns on dissent, Russia’s private museums are threatened

Russia's private art museums, once symbols of post-Soviet integration into Western elite culture, are now struggling to survive amid increasing state repression and the war in Ukraine. The Garage Museum of Contemporary Art, founded by Roman Abramovich and Dasha Zhukova, was raided by security services in 2024 and visited by right-wing activists demanding pro-war messaging; its founding director was replaced. Other institutions have closed entirely: the Institute of Russian Realist Art shut in 2019 after its founder Aleksei Ananyev fled embezzlement charges, and Art4.ru, Russia's first private contemporary art museum, closed in 2024 after a nationalist raid. The GES-2 House of Culture, financed by gas magnate Leonid Mikhelson, lost its visionary director shortly after opening and now operates under a lawyer.

senator john fetterman proposes bill to apply anti money laundering protections to us art market 1234748148

On July 23, U.S. Senator John Fetterman introduced the Art Market Integrity Act, a bill that would apply anti-money laundering (AML) and counter-terrorism financing regulations to art dealers, auction houses, galleries, advisers, consultants, custodians, museums, collectors, and other intermediaries in the art market. The legislation amends the Bank Secrecy Act, requiring these entities to conduct client due diligence, maintain records, and report suspicious transactions. It exempts artists selling their own work, nonprofits, and businesses with under $50,000 in annual art transactions. The bill is co-sponsored by Senators Chuck Grassley, Sheldon Whitehouse, Bill Cassidy, Andy Kim, and David McCormick.