Luxury brands are quiet quitting the art world again

Ad buys and collabs in the arts dry up whenever high-end retailers face cash crunches

• A historical engraving by P. Sellier showing a man in a lavish, winged costume stepping off a cliff with a basket of provisions strapped to his waist. Courtesy Look and Learn via Creative Commons License.

A lot of people in the art industry tend to think that the performance of luxury brands only matters as a proxy for the health of their own trade. The …