Following the decision of the Government and due to the 125 anniversary of the poet and democrat N. A. Nekrasov, in 1946 the library was given his name.

In 1955 the library moved from Arbat to the estate of A. S. Saltykova, on Bolshaya Bronnaya street.

By the beginning of the 1970s, the library contained a substantial fund of literature focusing on art.

The fund of literature on art and fine products includes books on all kinds of arts, antique editions, the fund of reproductions, collections of industrial graphics, ex-libris and phillumeny.

The library supports the bookcrossing movement and regularly holds book exchange actions.