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Tuesday, 28 August 2012 18:52

Gagosian Plans to Bring $130 Million Worth of Offerings to ArtRio

"Femme etendue lisant" (May 11, 1952) by Pablo Picasso will be transported to ArtRio in Brazil. "Femme etendue lisant" (May 11, 1952) by Pablo Picasso will be transported to ArtRio in Brazil. Gagosian Gallery via Bloomberg

Picasso’s lovers, Richard Serra's steel and Andreas Gursky’s yacht-studded Monaco are the highlights of a $130 million trove Gagosian Gallery is taking for its first expedition to Brazil next month.

The occasion is the second annual ArtRio in Rio de Janeiro, a fair spread over 7,500 square meters (80,730 square feet) in four warehouses on Guanabara Bay. It will feature 120 galleries, including David Zwirner and White Cube, as well as events hosted by Christie’s and Sotheby's. The size and participants reflect a growing interest in the world’s sixth-largest economy.

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