The Moscow city government is selling off the Udarnik movie theater, a monument of Constructivist architecture right across the river from the Kremlin in central Moscow.
The movie theater will be sold in an electronic auction on June 16 with bidding to begin at 559.9 million rubles ($11 million), the city said in a statement Tuesday.
Built in 1933, the Udarnik was the Soviet Union's prime site for movie premieres and Russia's largest theater, with a hall that could hold up to 1,500 people. It is part of the House on the Embankment, a mammoth apartment block that once housed many of the Soviet elite.
The Udarnik theater is considered a cultural heritage site on the regional level, meaning it is legally protected under regional — but not federal — law.