Something unusual is happening in the art market. Sales are stagnant while other businesses that cater to the superrich, like private jet companies, are booming. The wealthy might simply be putting their cash into other assets because paintings turned out to be a disappointing investment. Weak sales could also be a sign that the art world has become too reliant on baby boomer collectors who are past their peak buying years. The art market faces a test next month when buyers head to New York for spring auctions. Serious collectors will be selective about what they buy, but should still be willing…

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