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What Would Happen to Auction Houses If Luxury Sales Outstrip Art Sales?
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What Would Happen to Auction Houses If Luxury Sales Outstrip Art Sales?
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. This story is also part of a new series on the convergence of art and luxury. See all of our reporting on the topic here. Since I started reporting on the convergence of the art and luxury markets last year, I’ve been asking people in the auction game a simple, rational question: What …
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