Russian tycoon Andrey Filatov bets half a billion on Soviet art

Sotheby’s employees hold Kazimir Malevich’s Suprematist Composition in 2008, when the work sold at auction for a little over $US60 million. Photo: Getty Images

Joseph Stalin created Socialist Realism by decree in 1932 to glorify communism through art. Now Vladimir Putin’s capitalists can’t get enough of it.

Demand for painters once hailed by the Soviet dictator as “engineers of the soul” has never been higher, in part driven by a resurgence of patriotism and pangs of nostalgia in Russia, which is

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