London’s Luxury Sector Thrives Off Art Audiences, But Both Are at Risk: Report

Editor’s Note: This story originally appeared in On Balance, the ARTnews newsletter about the art market and beyond. Sign up here to receive it every Wednesday.London’s luxury sector depends on local museums, galleries, and other cultural spaces bringing in affluent consumers, while cultural institutions rely on luxury brands to attract new audiences, according to a report published earlier this month by Walpole, a UK trade association tha