Excerpt from Bloomberg: March 28, 2007 22:32 EDT

'The Russian art boom has only just begun, William MacDougall says. He and
his Russian wife, Catherine, ditched careers in finance -- he had been chief
investment officer of TRW Investment Management Co., and she had been a
Russian strategist at BNP Paribas -- to open Russian art auction house
MacDougall's in St. James's Square in 2004... '

The demand for Russian art has turned MacDougall's into an overnight
success. Last year, the couple raised $8.7 million in two auctions, up from
$5.5 million in 2005. In May 2006, they sold a painting by Russian
impressionist Konstantin Korovin for 443,000 pounds, a record for the
early-20th-century painter. Ten years ago, a Korovin would have fetched
5,000 pounds.'

``Russian art has beaten the Russian stock market, which has been one of the
best-performing markets in the world,'' MacDougall says.'