Art Is ‘Not A Luxury Good,’ Says Larry Gagosian, ‘It’s Not A Hermes Bag’

“It’s not a luxury product. I mean it may appear to people who buy Hermes bags, but it’s not a Hermes bag. Sometimes people try to categorize it as a luxury. It’s a disservice to art in my opinion. And it really distorts the nature of the market.” (Well, he would say that, wouldn’t he?) (video)