Christie's Fabergé Sale Hits $17.3M; Porsche Rules Out an Electric 911; Hugo Boss Weighs a €2B Bid

June 11: Christie's Fabergé Sale Hits $17.3M; Porsche Rules Out an Electric 911; Hugo Boss Weighs a €2B BidA $17.3M Fabergé collection at Christie's, a strong Asian-art result in Paris, the Empire State builder's Patek heading to Phillips, Porsche ruling out an electric 911, Frieze London's return, and where the luxury names opened.Auction Results- Christie's "A Treasured History: The Stream Family Collection" (New York, June 10): $17.3M total, 99% sold by lot, 231% of the low estimate. The collection of Matilda Geddings Gray and her niece Matilda Gray Stream, rich in Fabergé tied to Tsar Nicholas II; online portion open through June 17- Christie's "Art d'Asie" (Paris): €9.1M, about 3x its pre-sale estimate, part of the 9th Printemps Asiatique; bidders from 20+ countriesComing to the Block- A 1929 yellow-gold Patek Philippe with a Tiffany dial, owned by Paul Starrett (who built the Empire State Building with his twin brother): Phillips New York Watch Auction, Lot 27, June 13, est. $15,000–$30,000Cars- Porsche CEO Michael Leiters rules out an electric 911; the 911 stays combustion (hybrid in the GTS and Turbo S) as EV demand cools — the Taycan has sold below expectations and the electric 718 is delayedArt Market- Frieze London returns this October with 172 galleries (≈300 with Frieze Masters, Regent's Park, Oct 14–18); a new curated section and a David Zwirner / Joan Miró estate collaboration headline MastersFine Jewelry- At the Couture show (Las Vegas), retailers describe a "K-shaped consumer": strong demand at the high and entry ends, a softer $5,000–$10,000 middle (WWD)Luxury Leadership & Deals- Saint Laurent names Anouck Duranteau-Loeper (ex-Isabel Marant CEO) as deputy CEO, in charge of product- Hugo Boss weighs an unsolicited ~€2 billion takeover offer from Mike Ashley's Frasers Group, which already owns ~26% (WWD)Quick Hits- Old Forester's collectible President's Choice single barrels + Garrison Brothers sherry-cask bourbons- Scientists report a new way to spot fake Van Goghs, using surface metrologyMarkets- Wall Street's worst day of 2026 yesterday (Middle East clashes + inflation), bouncing today as the US wound down its Iran strikes and oil gave back gains; The Economist: the world's strategic oil reserves are running out fastLuxury Stocks at the Open (vs Wednesday's close; US names open later)- LVMH (MC) 486 EUR −0.4%; Kering (KER) 252 EUR −1.5%; Hermès (RMS) 1,630 EUR −0.4%; Richemont (CFR) 168 CHF −0.4%; Swatch (UHR) 200 CHF flat; Watches of Switzerland (WOSG) 698p −0.5%; Burberry (BRBY) 1,118p flatWeek Ahead- Today: Bonhams London Fine Watches; Christie's first London sale of South Asian modern & contemporary art in 7 years- June 12: Christie's Important Watches (NY) + Christie's Paris Hermès online sale opens + Sotheby's Gem Drop- June 13: Bonhams National Automobile Museum (Reno) + Phillips New York Watch Auction (the Starrett Patek)- June 15: Sotheby's Important WatchesLinks:- ALT/FNDATA: https://www.altfndata.com- Christie's Stream Family Collection: https://press.christies.com/a-treasured-history-the-stream-family-collection-totals-173-million/- Christie's Art d'Asie (Paris): https://press.christies.com/la-vente-art-dasie-totalise-9-135-823eur-triplant-lestimation-de-la-vente/- Empire State / Starrett Patek (Robb Report): https://robbreport.com/style/watch-collector/empire-state-building-paul-starrett-patek-philippe-1238319875/- Porsche, no electric 911 (Robb Report): https://robbreport.com/motors/cars/no-electric-911-porsche-ceo-1238324566/- Frieze London (Artnet): https://news.artnet.com/market/frieze-london-masters-exhibitor-lists-2026-2779932- K-shaped consumer (WWD): https://wwd.com/accessories-news/jewelry/couture-show-2026-k-shape-consumer-reshaping-fine-jewely-1239001879/- Saint Laurent deputy CEO (WWD): https://wwd.com/business-news/human-resources/saint-laurent-deputy-ceo-product-1239003878/- Hugo Boss / Frasers (WWD): https://wwd.com/business-news/financial/hugo-boss-mulls-unsolicited-takeover-mike-ashley-frasers-1239005965/- Old Forester President's Choice (Robb Report): https://robbreport.com/food-drink/spirits/old-forester-presidents-choice-bourbon-rye-whiskey-1238324292/- Garrison Brothers sherry-cask bourbons (Robb Report): https://robbreport.com/food-drink/spirits/garrison-brothers-ranch-reserve-sherry-bourbon-1238324554/- Spotting fake Van Goghs (Artnet): https://news.artnet.com/art-world/van-gogh-metrology-study-authenticate-artworks-2779360- Dow's worst day of 2026 (WSJ): https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-06-10-2026-c106c317- Strategic oil reserves (The Economist): https://www.economist.com/finance-and-economics/2026/06/11/the-worlds-strategic-oil-reserves-are-running-out-fastAlso from ALT/FNDATA:- Closing Price — Mon-Fri at 5 PM ET- Auto Market — Thursdays