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QUICK TAKES - Nov. 4, 2009

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Bloomberg News

Victor Pinchuk, one of Ukraine’s richest men, plans to build a contemporary art center in downtown Kiev, with the hope of making the country’s capital a major destination on the global art map.

Pinchuk, 48, said in an interview that the new building will be bigger than his existing PinchukArtCentre, the first private center of contemporary art in the former Soviet Union. The new project will also supplement the regular shows already being held at the center that Pinchuk said has had more than 830,000 visitors since it opened in 2006.

The steel billionaire is one of the world’s leading contemporary art collectors, owning works by such artists as Jeff Koons, Damien Hirst and German photographer Andreas Gursky.

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