Report Finds Art Sales Stagnate, Even as the Luxury Sector Continues to Grow

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.Given the art market’s well-documented “correction” this year and last, you might think the larger luxury market would be down as well. If so, you’d be very wrong.A recent study analyzing global luxury spending found that while art sales only grew between 1 percent and