Organisers ArtCultureStudio announced that the decision was the result of both sponsors and key exhibitors pulling out.
The Moscow fair had been scheduled for May 25 to June 1 and the Salzburg fair was slated for August 13-23.
Moscow and Salzburg fairs cancelled
THE global credit crunch's latest victims are the Moscow World Fine Art Fair and the Salzburg World Fine Art Fair, which will not go ahead this year.
