A tour of Zaha Hadid’s mobile art pavilion designed for fashion house Chanel has been cancelled due to the recession, Chanel announced over the weekend.

The pavilion, which houses the art-meets-luxury project by fashion designer Karl Lagerfeld, contains 20 artworks based on Chanel’s iconic quilted handbag. The artworks are contained in the Hadid-designed structure, currently located in New York’s Central Park.

The exhibit was launched in Hong Kong and then moved to Tokyo and the US, but London, Moscow and Paris will miss out as the economic downturn deepens.

The pavilion is expected to move into the courtyard of a new factory being built outside of Paris, where it will be used for temporary exhibitions.

By Staff writer.