The museum was opened by Mkrtich Okroyan in 2014 after he became an enthusiast of art deco architecture, building up a collection of artefacts worth over $100 million. He founded the Art Deco Russian House at "The Four Seasons" complex in 2005. In 2010, he opened the Art Deco Gallery in Bayer & Co factory on the Luzhnetskaya Quay. The building was the former mansion of Imperial Mint on the Luzhnetskaya Embankment. The museum joined the International Council of Museums (ICOM) in 2015.
