Follow exbulletinuk. Every Monday morning, Artnet News brings you The gray market. The column decodes important stories from the previous week and provides an unparalleled insight into the inner workings of the art industry in the process. This week ask about the limits of a favorite art market comparison. Thursday, Fashion business relayed that the Savigny Luxury Index , which collectively tracks the share prices of nearly 20 large luxury companies, went into fusion in February due to the spinoffs from you guessed it the novel coronavirus And as there has been a lot of discussion in recent years about the parallels between the fashion and fashion markets Art, the recent freefall in the former should reveal something useful about the actual similarity of the two companies. So what does the collapse of the Savigny luxury index mean in measurable terms? As a unit, the share price of its 17 constituent companies fell 7. Perhaps even more surprising, not a single retailer on the index saw a rise on Wall Street last month, marking the first widespread decline in more than eight years.
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