Closing Price — Daily Evening Equity Analysis on Luxury Market

June 15: Watch Auctions Set Records but Watch Stocks Fall; Gold Hits a New High as Luxury Fades; Ferrari Up 4%A US–Iran peace deal sent markets rallying, but luxury stocks gave back most of their gains by the close. The real standout was gold, which pushed to a new high — part of the same flight to hard assets that produced a record-breaking weekend in the watch salerooms.In this episode:Luxury Equities — The Close- European luxury opened sharply higher on the deal, then faded to a mixed close: LVMH (MC) 513 EUR +0.4%; Hermès (RMS) 1,712 EUR +0.9%; Richemont (CFR) ~+1%; Swatch (UHR) +1.7%; Watches of Switzerland (WOSG) 716p +0.5%- Lower: Kering (KER) 262 EUR −2.1%; Burberry (BRBY) 1,154p −1.8%US Names- Ferrari (RACE) $369, +4% — the day's standout- American houses up: Tapestry/Coach (TPR) +2.4%, Ralph Lauren (RL) +2.1%; down: Capri/Versace (CPRI) −1.3%, Signet (SIG) −1.7%; Zegna (ZGN) roughly flat- The contrast: watchmaker Movado (MOV) −4% even as the watch auction market set records — the boom is in the secondary market, not in the makers of new watchesGold and the Collectibles Boom- Gold closed near $4,330/oz, +2.8% — a new high; silver +3.2%, ~$70. On a risk-on day, gold rose anyway, supported by falling oil, lower yields, and a weaker dollar- The same appetite showed up in the saleroom: Phillips held the highest-grossing watch auction in US history ($75.8M, 100% sold), and an F.P. Journe set an independent-watchmaker record at $13.9M- ALT/FNDATA data: over the past 90 days, Christie's has sold 99% of everything it brought to auction (395 of 399 lots) — the strength is broad, not just the trophy lots- Rolex has raised the prices of its gold watches againDealmaking- Frasers Group, which has bid to take over Hugo Boss, fell ~4.9% in London (753p); Hugo Boss closed roughly flatThe Tape- The US and Iran reached an interim deal to reopen the Strait of Hormuz and halt their war; stocks rallied, oil sank to a 3-month low, and bond yields and the dollar both eased- A warning from European industry: Airbus CEO Guillaume Faury criticized Europe's competitiveness — high labor and energy costs and "absolutely horrible" regulatory barriers — while opening a new A321neo line in Toulouse; a reminder of the cost pressures facing European companies, luxury houses includedSector Snapshot (close / prior / change)- LVMH (MC.PA): EUR 512.60 / 510.60 (+0.4%)- Kering (KER.PA): EUR 262.70 / 268.35 (−2.1%)- Hermès (RMS.PA): EUR 1712.00 / 1697.00 (+0.9%)- Richemont (CFR.SW): CHF 180.75 / 178.90 (+1.0%)- Swatch (UHR.SW): CHF 212.80 / 209.30 (+1.7%)- Watches of Switzerland (WOSG.L): 716.0p / 712.5p (+0.5%)- Burberry (BRBY.L): 1154.0p / 1175.5p (−1.8%)- Ferrari (RACE): USD 369.06 / 354.91 (+4.0%)- Signet (SIG): USD 88.72 / 90.25 (−1.7%)- Zegna (ZGN): USD 14.77 / 14.70 (+0.5%)- Tapestry (TPR): USD 150.99 / 147.42 (+2.4%)- Capri Holdings (CPRI): USD 21.06 / 21.33 (−1.3%)- Ralph Lauren (RL): USD 412.36 / 403.98 (+2.1%)- Movado (MOV): USD 37.14 / 38.68 (−4.0%)- Hugo Boss (BOSS.DE): EUR 39.49 / 39.50 (−0.0%)- Frasers (FRAS.L): 753.0p / 792.0p (−4.9%)- Gold (GC=F): USD 4331.00 / 4215.00 (+2.8%, new high)- Silver (SI=F): USD 70.06 / 67.86 (+3.2%)(Prices: Yahoo Finance v8, all closes final after the 4 PM ET bell, June 15; prior = June 12 close.)Week Ahead- Sotheby's Important Watches caps a remarkable week of watch sales- RM Sotheby's Sealed (featuring a 1969 Lamborghini Miura) closes June 17Links:- ALT/FNDATA: https://www.altfndata.com- US–Iran interim Hormuz deal (Bloomberg): https://www.bloomberg.com/news/videos/2026-06-15/us-iran-reach-interim-hormuz-agreement-halting-war-video- Markets surge, oil slides on the deal (Reuters): https://news.google.com/rss/articles/CBMigwFBVV95cUxPdEFOMl9uakdZcWkxTFkyRVlFajFnMkZUc3NOOF9aVk9zSlJGQWg0eDVQdmlNQWlROC1leXlZWkVuNDduSHlUUFc1RGhhRm5oYXdMUDlLZXlpTUJhYXJ4MThLT2EydUswRE0wa0syaGh4STg3bXJ3RW1UbmRRNGVLNjRFbw?oc=5- Phillips record US watch auction (Robb Report): https://robbreport.com/style/watch-collector/phillips-highest-grossing-watch-auction-united-states-1238354471/- F.P. Journe $13.9M record (Robb Report): https://robbreport.com/style/watch-collector/f-p-journe-chronometre-a-resonance-13-9-million-1238353415/- Christie's Important Watches / Patek "Red Dot" (Christie's): https://press.christies.com/patek-philippe-red-dot-ref-3448g-leads-christies-important-watches-at-2759000/- Rolex raises gold-watch prices again (Business of Fashion): https://www.businessoffashion.com/news/luxury/rolex-raises-gold-watch-prices-again/- Frasers / Hugo Boss takeover (WWD): https://wwd.com/business-news/financial/hugo-boss-mulls-unsolicited-takeover-mike-ashley-frasers-1239005965/- Airbus CEO on European costs (Investing.com): https://www.investing.com/news/stock-market-news/airbus-ceo-slams-european-regulatory-costs-as-it-opens-new-line-4742171- Prices: Yahoo Finance — https://finance.yahoo.comAlso from ALT/FNDATA:- Open Bid — Mon-Fri at 6 AM ET- Art Market — Tuesdays

June 12: European Luxury Surges on the Iran Deal; Gold and Silver Rally; US Names Pull BackEuropean luxury surged on hopes of a US–Iran peace deal, gold and silver rallied hard, Rolex raised its prices again, and the US-listed names pulled back — capping a whipsaw week.In this episode:Luxury Equities — The Close- European luxury rallied ~3.5% across the board on US–Iran peace-deal hopes; European stocks ended the week near a record high- LVMH (MC) 511 EUR +3.5%; Kering (KER) 268 EUR +3.5%; Hermès (RMS) 1,697 EUR +3.3%; Richemont (CFR) 179 CHF +3.0%; Swatch (UHR) 209 CHF +3.6%; Burberry (BRBY) 1,176p +3.3%; Watches of Switzerland (WOSG) 713p +1.1%US Names — A Pullback- The US-listed names gave back some of yesterday's gains: Ferrari (RACE) $355, −2.9%; Signet (SIG) $90, −1.6%; Zegna (ZGN) −1.3%- After yesterday's +9% surge on the Frasers takeover approach, Hugo Boss (BOSS) eased −0.7%, to ~€40Gold, Silver & Rolex- Gold +3.7% (~$4,240/oz); silver +6.6% (~$68)- Rolex has raised the prices of its gold watches again, and demand from wealthy buyers has not slowed (Reuters) — the metal rally feeding straight into the watch marketThe Tape- A risk-on day: Wall Street rose on US–Iran peace-deal hopes and SpaceX's historic market debut; oil fell on speculation the Strait of Hormuz will reopen. The week ran from the year's worst session (Wednesday) to luxury near record highsSector Snapshot (close / prior / change)- LVMH (MC.PA): EUR 510.60 / 493.20 (+3.5%)- Kering (KER.PA): EUR 268.35 / 259.20 (+3.5%)- Hermès (RMS.PA): EUR 1697.00 / 1643.00 (+3.3%)- Richemont (CFR.SW): CHF 178.90 / 173.65 (+3.0%)- Swatch (UHR.SW): CHF 209.30 / 202.00 (+3.6%)- Burberry (BRBY.L): 1175.5p / 1137.5p (+3.3%)- Watches of Switzerland (WOSG.L): 712.5p / 705.0p (+1.1%)- Hugo Boss (BOSS.DE): EUR 39.50 / 39.76 (-0.7%)- Frasers (FRAS.L): 792.0p / 779.0p (+1.7%)- Ferrari (RACE): USD 354.91 / 365.62 (-2.9%)- Signet (SIG): USD 90.25 / 91.75 (-1.6%)- Zegna (ZGN): USD 14.70 / 14.90 (-1.3%)- Gold (GC=F): USD 4239.90 / 4090.30 (+3.7%)- Silver (SI=F): USD 68.12 / 63.88 (+6.6%)(Prices: Yahoo Finance v8, all closes final after the 4 PM ET bell, June 12; prior = June 11 close.)Week Ahead- June 13: Bonhams National Automobile Museum (Reno) + Phillips New York Watch Auction- June 15: Sotheby's Important Watches- June 17: RM Sotheby's Sealed (with a 1969 Lamborghini Miura) closesLinks:- ALT/FNDATA: https://www.altfndata.com- Luxury stocks spike on the Iran deal (CNBC): https://www.cnbc.com/2026/06/12/luxury-stocks-lvmh-hermes-burberry-iran-war-peace-deal.html- European stocks near a record high (Bloomberg): https://www.bloomberg.com/news/articles/2026-06-12/europe-stock-futures-gain-as-trump-comments-push-brent-below-90- Wall Street rises on Iran hopes + SpaceX debut (Investing.com): https://www.investing.com/news/economy-news/wall-st-futures-rise-on-mideast-deal-hopes-spacex-debut-in-focus-4739263- Rolex raises gold-watch prices again (Reuters): https://news.google.com/rss/articles/CBMitAFBVV95cUxQVG9zeTZaVGg0NEFvaExyel8zSGlIZlRwSm1icWlURC1tX05IVF9OdFFLQnFuZWhKREZzaEFjdmJmSjFHaHNsMm5TWWJycXExSGdqMmx0R0thNUowY25UblZDQ0xBRnN2bElpdUlweGg2VlhVQzFyWVZHVDhRd0lYbkZkelRKdGVnUjkzYjhZZnJIRVg1V0I3YXhwY2RNelRhWEQwbVNtNllWdTVMbF9mWm13bjM?oc=5- Prices: Yahoo Finance — https://finance.yahoo.comAlso from ALT/FNDATA:- Open Bid — Mon-Fri at 6 AM ET- Art Market — Tuesdays

June 11: Hugo Boss Surges 9% on the Frasers Bid; Luxury Rebounds After Wall Street's Worst Day; Ferrari Bounces BackA broad relief rally, one day after Wall Street's worst session of 2026. Hugo Boss surged on the Frasers takeover bid, Ferrari bounced back, and gold and silver recovered.In this episode:Luxury Equities — The Close- Paris: LVMH (MC) 493 EUR +1.1%; Kering (KER) 259 EUR +1.3%; Hermès (RMS) 1,643 EUR +0.5%- Zurich: Richemont (CFR) 174 CHF +2.7% (the strongest European name); Swatch (UHR) 202 CHF +1.2%- London: Watches of Switzerland (WOSG) 705p +0.6%; Burberry (BRBY) 1,138p +1.8%Hugo Boss — The Standout- Hugo Boss (BOSS) closed ~€40, up about 9%, as the market took in Mike Ashley's Frasers Group takeover approach. Frasers already owns ~26%; WWD reports the bid at ~€2 billion. Frasers (FRAS) closed 779p, +1%Ferrari and the US Names- Ferrari (RACE) $366, +5.5% — a rebound from Wednesday's China-EV drop; Signet (SIG) $92, +6.8%; Zegna (ZGN) ~$15, +3.5%Gold and Silver- Gold ~$4,175/oz, +1.6%; silver ~$66, +2.4% — both recovered from yesterday's selloffNike and the World Cup- Nike (NKE) is making a major bet on this summer's World Cup, the biggest ever — a blockbuster campaign (from Kylian Mbappé to Kim Kardashian) aimed at reigniting brand heat and sales (Business of Fashion)The Tape- Investors largely shrugged off Middle East tensions, turning to corporate earnings including Oracle; oil fell back, easing some inflation worry. Still, the World Bank cut its 2026 global growth forecast to 2.5%, warning it could fall to 1.3% if the war's fallout spreads to markets (Reuters)Sector Snapshot (close / prior / change)- LVMH (MC.PA): EUR 493.20 / 487.65 (+1.1%)- Kering (KER.PA): EUR 259.20 / 256.00 (+1.3%)- Hermès (RMS.PA): EUR 1643.00 / 1635.50 (+0.5%)- Richemont (CFR.SW): CHF 173.65 / 169.05 (+2.7%)- Swatch (UHR.SW): CHF 202.00 / 199.55 (+1.2%)- Watches of Switzerland (WOSG.L): 705.0p / 701.0p (+0.6%)- Burberry (BRBY.L): 1137.5p / 1117.0p (+1.8%)- Hugo Boss (BOSS.DE): EUR 39.76 / 36.46 (+9.0%)- Frasers (FRAS.L): 779.0p / 771.0p (+1.0%)- Ferrari (RACE): USD 365.62 / 346.56 (+5.5%)- Signet (SIG): USD 91.75 / 85.92 (+6.8%)- Zegna (ZGN): USD 14.90 / 14.40 (+3.5%)- Gold (GC=F): USD 4175.20 / 4108.20 (+1.6%)- Silver (SI=F): USD 66.14 / 64.60 (+2.4%)(Prices: Yahoo Finance v8; European/UK + Hugo Boss/Frasers/metals final at ~13:59 ET, US names final after the 4 PM ET bell; prior = June 10 close.)Links:- ALT/FNDATA: https://www.altfndata.com- Hugo Boss weighs Frasers offer (WWD): https://wwd.com/business-news/financial/hugo-boss-mulls-unsolicited-takeover-mike-ashley-frasers-1239005965/- Ferrari's EV in China (Seeking Alpha): https://seekingalpha.com/symbol/RACE/news?source=feed_symbol_RACE- Nike's World Cup bet (Business of Fashion): https://www.businessoffashion.com/articles/sports/the-strategy-behind-nikes-colossal-world-cup-bet/- World Bank cuts global growth outlook (Reuters): https://news.google.com/rss/articles/CBMiwwFBVV95cUxQbXJMaXlUUXFZTmlXTUpicEs1RjdDaW81LW94d1dHZldGMEJWWmF2YjVRNTY1SFJucGQ1T2RLQ1kxQWpUN3F1bC1SajZQamVzUVUxQjBhOTNwYkhoZ19oMlBhVE02TzZCbFNjN0dCcktybEVVNDNYUGx5Tkd1WHZPVWNCSW9kaVZUZTNrWmk3ZWRuN01KLV9uSGM2MjVVWTJHUjRkdWFjUDh2NEhaeEVEMGtCa3BnWDFaTFRZeWJzbnFVdmM?oc=5- Wall Street's worst day of 2026, the day before (WSJ): https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-06-10-2026-c106c317- Prices: Yahoo Finance — https://finance.yahoo.comAlso from ALT/FNDATA:- Open Bid — Mon-Fri at 6 AM ET- Auto Market — Thursdays

June 10: Gold Falls Nearly 4%; Frasers Bids $3.1B for Hugo Boss; Ferrari Struggles as Its China EV StumblesA sharp selloff in gold, a mixed close for the luxury names, Ferrari the day's weakest as its first electric car stumbles in China, and a $3.1 billion bid for Hugo Boss.In this episode:Luxury Equities — The Close- Paris: LVMH (MC) 488 EUR −0.9%; Kering (KER) 256 EUR +0.3%; Hermès (RMS) 1,636 EUR −1.8%- Zurich: Richemont (CFR) 169 CHF +0.8%; Swatch (UHR) 200 CHF −0.8%- London: Watches of Switzerland (WOSG) 701p +1%; Burberry (BRBY) 1,117p +0.4%Gold and Silver- The day's biggest move: gold ~$4,100/oz, −3.8% from Tuesday's close; silver ~$64, −2.1%. The selloff came as US inflation data landed and Middle East tensions stayed in focus.Ferrari- Ferrari (RACE) $347, −3.1% — the weakest luxury name on the board; Seeking Alpha reports its first all-electric vehicle has had a slow start in China- Also lower in New York: Zegna (ZGN) $14.40 −2.6%; Signet (SIG) $86 −1%Dealmaking — Hugo Boss- Frasers Group (FRAS), controlled by Mike Ashley, has offered roughly $3.1 billion for Hugo Boss; it already owns about 26%. Frasers closed 771p, +4%; Hugo Boss (BOSS) ~36 EUR, +0.6%The Tape- May CPI +4.2% year-on-year — the fastest rate in three years, though it met market expectations; Wall Street fell on technology losses and Middle East tensions; oil rose after Trump's Iran strike threatsSector Snapshot (close / prior / change)- LVMH (MC.PA): EUR 487.65 / 492.30 (−0.9%)- Kering (KER.PA): EUR 256.00 / 255.20 (+0.3%)- Hermès (RMS.PA): EUR 1635.50 / 1665.50 (−1.8%)- Richemont (CFR.SW): CHF 169.05 / 167.75 (+0.8%)- Swatch (UHR.SW): CHF 199.55 / 201.20 (−0.8%)- Watches of Switzerland (WOSG.L): 701.0p / 694.0p (+1.0%)- Burberry (BRBY.L): 1117.0p / 1112.5p (+0.4%)- Zegna (ZGN): USD 14.40 / 14.78 (−2.6%)- Ferrari (RACE): USD 346.56 / 357.52 (−3.1%)- Signet (SIG): USD 85.92 / 86.75 (−1.0%)- Hugo Boss (BOSS.DE): EUR 36.46 / 36.26 (+0.6%)- Frasers (FRAS.L): 771.0p / 741.0p (+4.1%)- Gold (GC=F): USD 4100.00 / 4260.00 (−3.8%)- Silver (SI=F): USD 63.72 / 65.09 (−2.1%)(Prices: Yahoo Finance v8, fetched ~4:48 PM ET, June 10, 2026; prior = June 9 close.)Week Ahead- Bonhams London Fine Watches — June 11- Christie's Important Watches (New York) + Christie's Paris Hermès online sale opens + Sotheby's Gem Drop — June 12- Bonhams National Automobile Museum (Reno) + Phillips New York Watch Auction — June 13- Sotheby's Important Watches — June 15Links:- ALT/FNDATA: https://www.altfndata.com- Frasers bids for Hugo Boss (Business of Fashion): https://www.businessoffashion.com/news/retail/ashleys-frasers-offers-to-buy-hugo-boss-in-31-billion-deal/- Ferrari's EV in China (Seeking Alpha): https://seekingalpha.com/symbol/RACE/news?source=feed_symbol_RACE- May CPI (Reuters via Google News): https://news.google.com/rss/articles/CBMirwFBVV95cUxNZXFibFcwbzFFbm0zRnRfS2swaE14TlRJRXRLRHJtX3RFZkNxMGY5RGs0Y19qV1N5RXFEYlQxcmtVUnJEblRza081X0lkUXdjSkpqQzFndkNwTlBIMFZRRjN3NzYxS2V5NUlRS29NVEZkc3FkSFZwWGVzdE1tLWdILVoyY3c1eE9zNkVPZWREU1paMmZ6M3U0X2xGSGpPQWcxNVNkYXlpNThzd1BDWmZz?oc=5- Oil / Iran (Investing.com): https://www.investing.com/news/commodities-news/oil-prices-rebound-after-fresh-us-strikes-on-iran-over-helicopter-attack-4734263- Prices: Yahoo Finance — https://finance.yahoo.comAlso from ALT/FNDATA:- Open Bid — Mon-Fri at 6 AM ET- Luxury Spending — Wednesdays

June 9: European Luxury Closes Higher, Watch Retail Lower; Signet Gains After Its Buyback, Gold SlipsEuropean luxury closed higher and the watch retailers closed lower. Signet gained the day after its buyback, Ferrari held its premium, Chanel named a Cartier veteran to lead jewellery design, and gold slipped — ahead of five watch auctions this week.Tickers covered: MC.PA | KER.PA | RMS.PA | CFR.SW | UHR.SW | WOSG.L | RACE | SIG | BRBY.L | ZGNIn this episode:Luxury Equities — The Close (close / prior day)- LVMH (MC.PA): EUR 492.30 / 482.45 (+2.0%)- Kering (KER.PA): EUR 255.20 / 249.00 (+2.5%, strongest)- Hermes (RMS.PA): EUR 1,665.50 / 1,643.50 (+1.3%)- Richemont (CFR.SW): CHF 167.75 / 164.95 (+1.7%)- The European luxury majors closed higherThe Tape Today- Bloomberg: Wall Street rotated out of large technology stocks into firms tied to improving growth- Oil fell; Treasuries held gains; gold slipped, near $4,280/oz (silver flat-to-up)- Reuters poll: economists see the Federal Reserve holding rates this year, rate-cut expectations fading as war-driven inflation persistsWatch Retail- Watches of Switzerland (WOSG.L): 694.0p / 710.0p (-2.3%, weakest on the board)- Swatch (UHR.SW): CHF 201.20 / 202.30 (-0.5%)- Product launches — listed groups: Blancpain Fifty Fathoms Tech (Swatch Group); Hublot x Antikythera (LVMH)- Product launches — independents: Chronoswiss Delphis Glacier, Yema Granvelle, Favre Leuba Deep Raider, DUG (Glashütte)Signet — The Buyback- Signet (SIG), parent of Kay, Zales, and Jared: USD 86.75 / 84.56 (+2.6%)- Follows Monday's $50M accelerated share repurchaseJewellery Leadership- Chanel names Marie-Laure Cerede to lead jewellery design (Business of Fashion)- Cerede previously led the studios of Cartier and Harry Winston, across jewellery and watchmaking- Chanel is privately held; Cartier is owned by Richemont (CFR)Ferrari- Ferrari (RACE): USD 357.52 / 351.57 (+1.7%)- Bonhams sells ~100 cars from the National Automobile Museum in Reno this SaturdayAuctions Ahead- Sotheby's Magnificent Jewels — June 9, New York (today)- Christie's Important Watches — June 10, New York- Bonhams Watches — June 11, London- Sotheby's The Gem Drop & Christie's Paris Hermes Handbag (online) — June 12- Bonhams National Automobile Museum (Reno) & Phillips New York Watch Auction — June 13- Sotheby's Important Watches — June 15 (five watch sales across four houses this week)Sector Snapshot (close / prior)- LVMH (MC.PA): EUR 492.30 / 482.45 (+2.0%)- Kering (KER.PA): EUR 255.20 / 249.00 (+2.5%)- Hermes (RMS.PA): EUR 1,665.50 / 1,643.50 (+1.3%)- Richemont (CFR.SW): CHF 167.75 / 164.95 (+1.7%)- Swatch (UHR.SW): CHF 201.20 / 202.30 (-0.5%)- Watches of Switzerland (WOSG.L): 694.0p / 710.0p (-2.3%)- Ferrari (RACE): USD 357.52 / 351.57 (+1.7%)- Signet (SIG): USD 86.75 / 84.56 (+2.6%)- Burberry (BRBY.L): 1,112.5p / 1,109.0p (+0.3%)- Zegna (ZGN): USD 14.78 / 14.82 (-0.3%)- Gold (GC=F): USD 4,279.70 / 4,286.40 (-0.2%)- Silver (SI=F): USD 65.33 / 65.24 (+0.1%)Links:- ALT/FNDATA: https://www.altfndata.com- Stocks pare tech-led drop as rotation gains speed (Bloomberg): https://www.bloomberg.com/news/articles/2026-06-08/stock-market-today-dow-s-p-live-updates- Nasdaq rebounds off session lows (WSJ): https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-06-09-2026?mod=rss_markets_main- Fed to hold rates this year, cut calls fade (Reuters poll)- Gold extends decline as Iran tensions rekindle inflation fears (Bloomberg): https://www.bloomberg.com/news/articles/2026-06-08/gold-steadies-after-israel-and-iran-agree-to-end-missile-strikes- Chanel taps Cartier veteran to lead jewellery design (BoF): https://www.businessoffashion.com/articles/luxury/chanel-taps-cartier-veteran-to-lead-next-era-of-jewellery-design/- Blancpain Fifty Fathoms Tech (Monochrome): https://monochrome-watches.com/introducing-blancpain-fifty-fathoms-tech-date-non-limited-edition-permanent-collection-specs-price-pics/- Hublot x Antikythera (PR Newswire): https://www.prnewswire.com/news-releases/hublot-und-antikythera-die-fusion-von-alter-geschichte-innovativer-uhrmacherkunst-und-bahnbrechender-wissenschaft-302795768.html- Chronoswiss Delphis Glacier (Monochrome): https://monochrome-watches.com/introducing-chronoswiss-delphis-glacier-regulator/- Yema Granvelle Renaissance (Monochrome): https://monochrome-watches.com/first-look-yema-granvelle-renaissance-cmm-29-micro-rotor-dress-watch-specs-price-review-live-pics/- Favre Leuba Deep Raider Day Date (Monochrome): https://monochrome-watches.com/first-look-favre-leuba-deep-raider-day-date-ombre-dials-sellita-sw220-review-specs-price-live-pics/- DUG Glashütte Purist Typ 1 (Monochrome): https://monochrome-watches.com/first-look-dug-glashutte-typ-1-purist-automatic-dug-400-sellita-sw-400-value-proposition-specs-price-review-live-pics/Data note:- Equity prices fetched 2026-06-09 ~20:29 UTC (~4:29 PM ET); metals ~22:37 UTC, from Yahoo Finance v8 (close vs prior-day close). European closes are final; US names (RACE, SIG, ZGN) were at/just past the 4 PM ET bell — confirm official settles if airing materially later.Also from ALT/FNDATA:- Open Bid — Mon-Fri at 6 AM ET- Art Market — Tuesdays at 8 AM ET- Luxury Spending — Wednesdays at 8 AM ET- Auto Market — Thursdays at 8 AM ET

June 8: Luxury Market Opens Lower; Signet Announces a $50M Buyback, Ferrari Holds Its Premium, and Three Watch Brands Launch New Product. Luxury equities opened the week broadly lower on a shaky macro tape. Signet announced a 50-million-dollar buyback, Ferrari held its premium as the sector's outlier, three watch houses launched new product.Tickers covered: MC.PA | RMS.PA | CFR.SW | KER.PA | UHR.SW | WOSG.L | SIG | RACEIn this episode:The Open — Luxury Equities (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)- Richemont (CFR.SW): CHF 162.15 / 164.65 (-1.5%)- Swatch (UHR.SW): CHF 201.20 / 203.30 (-1.0%)- Watches of Switzerland (WOSG.L): 705.5p / 717.0p (-1.6%)- The whole European luxury bench opened in the red, ~1-2% lowerThe Tape Today — Why- Luxury weakness follows Friday's global tech selloff- Today the broad market is rebounding — Bloomberg: chip stocks heading for best day in a year as dip buyers return; Nasdaq turned higher (WSJ)- Caution flags: Bank of America says it's time to "take profits," citing "bear-market signposts"- Reuters: Goldman Sachs pushes its Fed rate-cut call out to 2027 on strong US jobs data — higher-for-longer backdropSignet Jewelers — The Buyback- Signet (SIG), parent of Kay, Zales, and Jared, entered a $50M accelerated share repurchase with Goldman Sachs- An accelerated repurchase retires shares up front — a move made when management views the stock as cheap and prefers returning capital to building inventory- Signet sits at the volume end of US diamond/bridal — the consumer most exposed to interest rates; capital returned rather than reinvested is a defensive read on that buyer- A read for the saleroom too: the secondary market for signed jewelry is live price discovery, and it usually moves before retailWatch Releases — The Listed Names Behind Them- TAG Heuer: sand-coloured Carrera Chronograph Glassbox limited edition (latest colorway) — an LVMH brand- Hermes: Arceau Cavalier en Formes — Hermes International (RMS.PA), independent of LVMH- Raymond Weil: the A.R.T., its first integrated-bracelet collection — privately held, no listed equityFerrari — The Outlier- Ferrari (RACE) remains the sector's outlier; Seeking Alpha examined the convergence of Porsche and Ferrari — Porsche moving to protect scarcity and pricing the way Ferrari long has- Ferrari posted a 29.5% operating margin in 2025- The listed proxy for the same collector bidding in our collector-car category — a buyer far less sensitive to the rate tape than the Signet consumerAuctions Ahead- Sotheby's Magnificent Jewels — June 9, New York- Five watch auctions across three houses (Christie's, Bonhams, Phillips, Sotheby's) — June 10-15- Bonhams National Automobile Museum — June 13, RenoLinks:- ALT/FNDATA: https://www.altfndata.com- Signet $50M accelerated buyback (Investing.com): https://www.investing.com/news/sec-filings/signet-jewelers-enters-50-million-accelerated-share-repurchase-with-goldman-sachs-93CH-4731820- Porsche / Ferrari convergence (Seeking Alpha): https://seekingalpha.com/article/4912661-drifting-in-the-same-lane-the-convergence-of-porsche-and-ferrari- Chip stocks rebound / Markets Wrap (Bloomberg): https://www.bloomberg.com/news/articles/2026-06-07/us-stock-futures-drop-after-tech-selloff-oil-up-markets-wrap- BofA "take profits" (Bloomberg): https://www.bloomberg.com/news/articles/2026-06-08/bofa-warns-it-s-time-to-take-profits-as-red-flags-multiply- Nasdaq turns higher after Friday selloff (WSJ): https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-06-08-2026?mod=rss_markets_main- Goldman pushes Fed rate-cut call to 2027 (Reuters)- Raymond Weil A.R.T. (Monochrome): https://monochrome-watches.com/first-look-raymond-weil-a-r-t-art-refinement-timekeeping-luxury-sports-specs-price-live-pics/- TAG Heuer Carrera Glassbox Sand (Monochrome): https://monochrome-watches.com/tag-heuer-carrera-chronograph-glassbox-limited-edition-sand-europe-exclusive-introducing-price/- Hermes Arceau Cavalier en Formes (Monochrome): https://monochrome-watches.com/introducing-hermes-arceau-cavalier-en-formes-tourbillon-minute-repeater-gianpolo-pagni-specs-price-pics/Also from ALT/FNDATA:- Open Bid — Mon-Fri at 6 AM ET- Art Market — Tuesdays at 8 AM ET- Luxury Spending — Wednesdays at 8 AM ET- Auto Market — Thursdays at 8 AM ET

June 5: BofA Upgrades LVMH and Zegna to Buy; Kering Up 49% Over Three Months======End-of-week edition with analyst upgrades, Pace Gallery restructuring, and the week in review.Tickers covered: MC.PA | ZGN | CFR.SW | UHR.SW | WOSG.L | BRBY.LIn this episode:Analyst Upgrades- BofA upgrades LVMH (MC.PA) to Buy- BofA upgrades Zegna (ZGN) to Buy, price objective $8.90 (17% upside)- BofA describes Zegna as "one of the more undervalued stories in luxury"- Kering up ~49% over three months on recent upgrades- LVMH up ~42% over three months, still below 52-week high of EUR 654.70Zegna — Los Angeles- Summer 2027 runway show staged in LA today- Villa Zegna invitation-only private club opened in HollywoodPace Gallery — Market Signal- Cutting ~50 artists from roster of 135, staff from 250 to 200- CEO Marc Glimcher: mega-gallery model is "unfixable"- Reflects pressure on primary art market and consignment pipelinesWeek in Review- Spring auction season: $1.8B across Christie's, Sotheby's, Phillips in May- LVMH (MC.PA): EUR 477, upgraded to Buy by BofA- Richemont (CFR.SW): near record high CHF 161.80- Watches of Switzerland (WOSG.L): up 14% on FY2026 earnings- Swatch (UHR.SW): CHF 215- Burberry (BRBY.L): delayed net zero target from 2040 to 2050- De Beers: average diamond cost $4,063, up 25% from 2023- Swiss watch exports to US: down 17% YoY in April- Hong Kong luxury sales: up 20% YoY in April- Neiman Marcus closing Dallas flagship (Saks Global Ch.11)- Pace Gallery restructuringAuctions Ahead- Sotheby's Magnificent Jewels — June 9, New York- Christie's watches — June 10, New York- Bonhams watches — June 11, London- Phillips watches — June 13-14, New York- Sotheby's watches — June 15, New York- Bonhams National Automobile Museum — June 13, Reno- RM Sotheby's Tegernsee — July 4Links:- ALT/FNDATA: https://www.altfndata.com- BofA LVMH and Zegna upgrades: https://www.investing.com/news/stock-market-news/lvmh-shares-soar-as-bofa-upgrades-shares-to-buy-sees-15-upside-potential-3816526- Pace Gallery restructuring: https://news.artnet.com/market/pace-gallery-downsizes-cutting-artists-and-staff-2778584- Zegna LA runway: https://wwd.com/menswear-news/mens-designer-luxury/zegna-spring-2027-los-angeles-thom-browne-first-show-milan-fashion-week-1238638812/Also from ALT/FNDATA:- Open Bid — Mon-Fri at 6 AM ET- Art Market — Tuesdays at 8 AM ET- Luxury Spending — Wednesdays at 8 AM ET- Auto Market — Thursdays at 8 AM ET

June 4: Five Watch Auctions in Seven Days; Ferrari 599XX Leads Tegernsee at EUR 2.5M============================================================Tonight: auto sector equities, Centre Pompidou Seoul opens, and a packed watch auction calendar ahead.Tickers covered: MC.PA | CFR.SW | UHR.SW | RACE | WOSG.LIn this episode:Auto Sector Equities- BMW, Mercedes-Benz, and Porsche testing technical support levels- Ferrari (RACE): 29.5% operating margin in 2025, up from 28.3% prior year, on revenue of EUR 7.1BRM Sotheby's Tegernsee Consignment (July 4)- 2009 Ferrari 599XX Evo: EUR 2M–2.5M (headline lot)- 2004 Porsche Carrera GT: EUR 1.2M–1.6MCentre Pompidou Seoul- Centre Pompidou Hanwha opened today in Yeouido, Seoul- 10,000 sqm, designed by Jean-Michel Wilmotte- Inaugural exhibition: "The Cubists: Inventing Modern Vision" — Picasso, Kandinsky, Matisse, Chagall- Partnership with Hanwha Foundation (Hanwha Group, publicly traded on Korea Exchange)Watch Auction Season — June 9-15- Sotheby's Magnificent Jewels — June 9, New York- Christie's watches — June 10, New York- Bonhams watches — June 11, London- Phillips watches — June 13-14, New York- Sotheby's watches — June 15, New York- Swiss watch exports to US fell 17% YoY in AprilSector Snapshot at Close- LVMH (MC.PA): EUR 477.10, day range 473–479.75- Richemont (CFR.SW): ~CHF 161.80, near record high- Swatch (UHR.SW): ~CHF 215- Ferrari (RACE): 29.5% operating margin, FY25 revenue EUR 7.1B- Watches of Switzerland (WOSG.L): holding 14% gain from earlier this weekLinks:- ALT/FNDATA: https://www.altfndata.com- RM Sotheby's Tegernsee lots: https://rmsothebys.com/auctions/tc26/lots/- Ferrari 599XX consignment: https://www.magnetomagazine.com/articles/ferrari-599xx-leads-rm-sothebys-coe-germany-supporting-2026-tegernsee-sale/- Centre Pompidou Hanwha: https://www.centrepompidou.fr/en/lieu/centre-pompidou-hanwhaAlso from ALT/FNDATA:- Open Bid — Mon-Fri at 6 AM ET- Auto Market — Thursdays at 8 AM ET- Luxury Spending — Wednesdays at 8 AM ET

June 3: Swiss Watch Exports Fall 17%; Hong Kong Luxury Sales Up 20%Three stories tonight: Swiss watch exports, Hong Kong luxury retail, and the diamond supply picture.---Tickers covered: UHR.SW | CFR.SW | WOSG.L | MC.PA | SIGIn this episode:Swiss Watch Exports- Swiss watch exports to the US fell 17% YoY in April- Swatch Group (UHR.SW): trading ~CHF 215- Richemont (CFR.SW): watchmakers down 4% in FY2026, but stock near record high CHF 161.80 on jewelry strength- Richemont jewelry maisons (Cartier, Van Cleef, Vhernier): EUR 16.5B at 30.5% margin- Watches of Switzerland (WOSG.L): surged 14% yesterday on FY2026 earnings, US sales +24%Hong Kong Luxury Retail- Revenue from jewelry, watches, clocks, and valuable gifts up 20% YoY in April- Positive demand signal for Richemont and LVMH, both with significant Hong Kong exposure- LVMH (MC.PA): ~EUR 473, down 26% YTDDiamond Supply- De Beers: average cost of natural mined diamond reached $4,063 in 2025, up 25% from 2023- Kao mine going on care and maintenance from July amid rough-price downturn- Signet Jewelers (SIG): raised full-year guidance on improved salesSector Snapshot at Close- LVMH (MC.PA): ~EUR 473, down 26% YTD- Richemont (CFR.SW): ~CHF 161.80, near record high- Swatch (UHR.SW): ~CHF 215- Watches of Switzerland (WOSG.L): up 14% yesterday- Signet (SIG): raised FY guidanceLinks:- ALT/FNDATA: https://www.altfndata.com- Swiss watch exports: https://rapaport.com/news/us-market-continues-to-weigh-on-swiss-watch-exports/- De Beers diamond data: https://rapaport.com/news/natural-diamond-spending-and-sizes-rising-de-beers-says/- Kao mine closure: https://rapaport.com/news/kao-mine-to-shutter-amid-rough-price-downturn/- Signet sales: https://rapaport.com/news/strategic-revamp-still-paying-off-as-signet-sales-improve/Also from ALT/FNDATA:- Open Bid — Mon-Fri at 6 AM ET- Luxury Spending — Wednesdays at 8 AM ET

June 2, 2026: Watches of Switzerland Surges 14%; Richemont Named Top Pick at Four Banks============================================================Tickers covered: WOSG.L | CFR.SW | MC.PA | KER.PA | UHR.SWIn this episode:Watches of Switzerland (WOSG.L — LSE)- Stock surged 14% on FY2026 earnings- Group sales: GBP 1.83B, up 13% at constant currency- US sales: +24% YoY, now more than half of group revenue- FY2027 guidance: 5-10% growth at constant currencyAnalyst Ratings- Deutsche Bank adds Richemont to "Most Preferred" alongside LVMH and Burberry- Richemont now consensus top pick across Deutsche Bank, UBS, JPMorgan, and HSBC- Kering and Moncler designated "Least Preferred" by Deutsche Bank- Kering (KER.PA) ex-dividend today at EUR 2.75 per shareChina Outlook- Bain & Co projects Chinese luxury spending +6% in 2026, reversing -5% in 2025- Chinese shoppers account for more than 25% of annual global luxury sales- Structural shift toward luxury experiences (hospitality, cruises, dining) and away from traditional goodsSector Snapshot at Close- LVMH (MC.PA): ~EUR 473, down 26% YTD- Richemont (CFR.SW): near record high CHF 161.80- Swatch (UHR.SW): CHF 215- Watches of Switzerland (WOSG.L): up 14% today- Kering (KER.PA): ex-dividend EUR 2.75Links:- ALT/FNDATA: https://www.altfndata.com- Watches of Switzerland Q4 2026 earnings: https://www.investing.com/news/transcripts/earnings-call-transcript-watches-of-switzerland-q4-2026-sees-stock-surge-93CH-4687393- Deutsche Bank luxury ratings: https://www.cityam.com/city-broker-downgrades-outlook-for-luxury-stocks-lvmh-burberry-and-richemont/- Richemont FY2026 results: https://www.richemont.com/news-media/press-releases-news/richemont-delivers-strong-sales-growth-and-solid-results-for-the-year-ended-31-march-2026/Also from ALT/FNDATA:- Open Bid — Mon-Fri at 6 AM ET- Art Market — Tuesdays at 8 AM ET

June 1: LVMH at 52-Week Low as Christie's Posts $1.1B Night============================================================Four publicly traded luxury houses and what the $1.8 billion spring auction season means for their stock.Tickers covered: MC.PA | CFR.SW | RACE | BRBY.L | ZGNIn this episode:LVMH (MC.PA — Euronext Paris)- Stock: EUR 473, down 26% YTD- 52-week range: EUR 436.55 – EUR 654.70- Q1 revenue: EUR 19.1B, down 6% YoY- Christie's spring evening session: $1.1B- Top lot: Jackson Pollock "Number 7A, 1948" at $181MRichemont (CFR.SW — Swiss Exchange)- FY2026 sales: EUR 22.4B, up 11% at constant rates- Net profit: EUR 3.5B, up 27%- Jewelry maisons (Cartier, Van Cleef, Vhernier): EUR 16.5B at 30.5% margin- Watchmakers: EUR 3.1B, down 4%- Shares reached record high CHF 161.80- Sotheby's High Jewelry: $31.4M, 95% sell-through- June 9: 73.11-carat Fancy Vivid Yellow diamond by Glenn SpiroFerrari (RACE — NYSE)- Q1 revenue: EUR 1.85B, up 3%- Deliveries: 3,436 units, down 4.4% (deliberate slowdown)- FY2026 guidance: ~EUR 7.5B reaffirmed- Bonhams The Market: 2009 Ferrari California ~$34,000Burberry (BRBY.L — LSE)- FY2026 adj. operating profit: GBP 160M (prior year: GBP 26M)- Americas and China: +10%- Stock dropped ~7% on results day (Europe/Middle East weak)- Net zero target delayed from 2040 to 2050- BRBY up 17% over 12 monthsWeek ahead:- Zegna (ZGN) runway show in Los Angeles, Friday- RM Sotheby's boutique auction, Bavaria, Thursday-Friday- Sotheby's Magnificent Jewels, New York, June 9Links:- ALT/FNDATA: https://www.altfndata.com- Richemont FY2026 results: https://www.richemont.com/news-media/press-releases-news/richemont-delivers-strong-sales-growth-and-solid-results-for-the-year-ended-31-march-2026/- Ferrari Q1 2026 earnings: https://qz.com/ferrari-q1-2026-earnings-beat-guidance-ev-luce-050526- Burberry net zero delay: https://www.businessoffashion.com/news/sustainability/burberry-delays-net-zero-emissions-target-by-10-years-to-2050/- Sotheby's High Jewelry results: https://www.sothebys.com/en/articles/sothebys-sale-of-high-jewelry-in-new-york-achieves-31-4-million-95-lots-soldAlso from ALT/FNDATA:- Open Bid — Mon-Fri at 6 AM ET: Your daily briefing on global auctions and luxury alternative assets