$50M Pollock Fails in Sotheby's Private Sale; Prada Heads to the Moon

June 8: $50M Pollock Fails in Sotheby's Private Sale; Prada Heads to the MoonIn this episode:$50M Pollock Fails in Private Sale- A Jackson Pollock owned by dealer Arne Glimcher, reportedly priced ~$50M, failed to sell in a Sotheby's private sale- Follows last week's news that Pace Gallery is cutting ~50 artists; CEO Marc Glimcher called the mega-gallery model "unfixable"- Artnet asks whether the mega-gallery model is collapsing; reports Asia's art market is recalibratingLeadership Moves- Printemps names Remy Baume CEO, effective immediately — role vacant since September last year- Carven names Kai Nesselrath (from Anthony Vaccarello's Saint Laurent studio) design director; debut collection for the ICCF-owned label at Paris Fashion Week in autumnPrada in Space- Prada and Axiom Space unveil a new inner-layer garment for NASA astronauts on the lunar surface, ahead of Artemis IV- Shown at Prada's SoHo flagship; part of Prada's push to be the first major luxury house in the space industryQuick Hits- Bombardier's new Global 8000 flew Montreal to Nice in just over six hours (record)- 'Entourage' actor Jeremy Piven sold his Hollywood Hills home for $6.85M — just $50K more than he paid in 2017, after first listing at $9.5M- London: the buyer of a Regent's Park mansion flipped it for ~£195M (~$260M), a markup of ~£56M — one of the UK's highest-value home sales on record (Bloomberg)- Espolon released a new Extra Anejo tequila finished in Chardonnay casks — its second extra anejo expression- Timberland opened at the American Dream Mall (NJ) — part of a plan to open 20 new stores in fiscal 2027Luxury Equities at the Open (European names; open / Friday close)- LVMH (MC.PA): EUR 473.15 / 479.05 (-1.2%)- Hermes (RMS.PA): EUR 1,591 / 1,619 (-1.7%)- Kering (KER.PA): EUR 244.50 / 249.45 (-2.0%, weakest of the group)- Richemont (CFR.SW): CHF 162.15 / 164.65 (-1.5%)- Swatch (UHR.SW): CHF 201.20 / 203.30 (-1.0%)- Sector down ~1-2% at the open, following Friday's global tech selloff; broader market rebounding. U.S. names open 9:30 AM ET (see Closing Price)Week Ahead- Sotheby's Magnificent Jewels — June 9, New York- Christie's watches — June 10- Bonhams watches — June 11- Phillips watches — June 13-14- Sotheby's watches — June 15- Bonhams National Automobile Museum — June 13, RenoLinks:- ALT/FNDATA: https://www.altfndata.com- Pollock fails in private sale (Artnet): https://news.artnet.com/market/paint-drippings-art-industry-news-jun-8-2779191- Is the mega-gallery model collapsing? (Artnet): https://news.artnet.com/multimedia/art-market-minute-jun-8-2779180- Printemps names Baume CEO (BoF): https://www.businessoffashion.com/news/retail/printemps-names-remy-baume-ceo/- Carven names Nesselrath (BoF): https://www.businessoffashion.com/news/luxury/kai-nesselrath-named-design-director-of-carven/- Prada x NASA garment (BoF): https://www.businessoffashion.com/news/luxury/prada-unveils-new-garment-for-nasa/- Bombardier Global 8000 record flight (Robb Report): https://robbreport.com/motors/aviation/bombardier-global-8000-record-flight-canada-france-1238310377/- Jeremy Piven home sale (Robb Report): https://robbreport.com/shelter/celebrity-homes/jeremy-piven-house-los-angeles-hollywood-hills-1238292945/- London mansion flip (Bloomberg): https://www.bloomberg.com/news/articles/2026-06-08/mystery-buyer-flips-london-mega-mansion-for-56-million-mark-up- Leonardo Codex Atlanticus (Artnet): https://news.artnet.com/art-world/leonardotheka-da-vinci-codex-2779022Also from ALT/FNDATA:- Closing Price — Mon-Fri at 5 PM ET- Art Market — Tuesdays at 8 AM ET- Luxury Spending — Wednesdays at 8 AM ET- Auto Market — Thursdays at 8 AM ET