Among the pieces purchased by the Chelsea club owner, industry insiders say there could be sculptures by unconventional British artist Simon Allen – priced from $8,000 to $30,000 – and acclaimed master of minimalism, Trevor Bell.

Abramovich’s Eclipse – expected to be delivered later this year – is said to be the world’s largest private yacht. Built in accordance with state-of-the-art technology and cutting-edge design, the vessel is also likely to boast an admirable collection of art.

Back in 2008, the Russian billionaire made history when he bought Francis Bacon's 1976 “Triptych” for no less than $86.3 million at Sotheby's New York auction, as well as Lucian Freud's “Benefits Supervisor Sleeping” for $33.6 million at Christie's.