Open Bid — Daily Morning Briefing on Stocks, Auctions, Luxury Market

June 15: Phillips Hits $75.8M Record Watch Sale with F.P. Journe for $13.9M; Christie's Design Tops $20M; Luxury Rallies on the Iran DealA record-breaking weekend for watches, a $20M Christie's Design sale, the South Asian art market still smashing records, a question mark over luxury handbags, and luxury stocks ripping on a US–Iran deal.In this episode:Watches — A Record Weekend- Phillips held the highest-grossing watch auction in US history: $75.8M across two days, 100% sold by lot- An F.P. Journe Chronomètre à Résonance sold for $13.9M — the highest price ever for a watch by an independent watchmaker- Christie's Important Watches totaled $17.1M (99% sold by lot), led by the ultra-rare Patek Philippe "Red Dot" Ref. 3448G at $2.76MDesign- Christie's Design sale totaled $20.2M, 89% sold by lot, 140% of the low estimateSouth Asian Art- At Christie's London, the Goodricke (tea-company) collection was led by a £3.8M Ganesh Pyne, with new auction highs for Abanindranath Tagore and Kattingeri Krishna Hebbar — the latest South Asian sale to smash expectationsComing to the Block- A class-winning 1954 Maserati A6GCS race car heads to Broad Arrow at Monterey Car Week (August), est. ~$3MThe Handbag Question- The WSJ asks whether the luxury handbag's heyday is ending, pointing to an $8B slide in sales — even as the trophy end of the market holds firmLuxury Business- A new fund backed by LVMH and pro athletes (Dak Prescott, Tyrese Haliburton) is putting ~$50M into the activewear label Rhoback — luxury capital moving into performance wear- Sources tell WWD that designer Bruno Sialelli (ex-Lanvin) has joined Balenciaga's studio, ahead of new creative director Pierpaolo Piccioli's debutMarkets — Luxury Rallies on the Iran News- US stock futures jumped after the US and Iran reached an interim deal to reopen the Strait of Hormuz; that deal is the engine behind a powerful luxury rally- European luxury opens (vs Friday's close; opened sharply higher, then faded): LVMH (MC) 535 EUR +4.8% (~+1.2% intraday); Kering (KER) 280 EUR +4.3%; Hermès (RMS) 1,766 EUR +4.1%; Richemont (CFR) 183 CHF +2.3%; Swatch (UHR) 214 CHF +2.2%; Watches of Switzerland (WOSG) 721p +1.2%; Burberry (BRBY) 1,201p +2.1%- A footnote from Friday's SpaceX listing: South Korea's watchdog has widened a review of broker Mirae Asset Securities over a failed allocation of SpaceX sharesRemembering David Hockney- Tributes continue for the painter, who died last week at 88 — from Tracey Emin to former Tate director Nicholas SerotaBy the Numbers — from the ALT/FNDATA database- F.P. Journe: the prior auction high in our data was $10.8M (Phillips, December 2025) — context for today's $13.9M record- 1954 Maserati A6GCS: the last one in our data sold for $2.3M (RM Sotheby's, November 2025) — a same-model comp for the ~$3M upcoming lot- Handbags: the top result over the past year is a rare Hermès Birkin 20 in matte alligator that sold for ~$490K at Christie's — the trophy end is holding upWeek 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- 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 (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": https://press.christies.com/patek-philippe-red-dot-ref-3448g-leads-christies-important-watches-at-2759000/- Christie's Design tops $20M: https://press.christies.com/christies-design-surpasses-20-million/- South Asian art at Christie's London (The Art Newspaper): https://www.theartnewspaper.com/2026/06/15/tea-companys-south-asian-collection-soars-at-christies-london- 1954 Maserati A6GCS (Robb Report): https://robbreport.com/motors/cars/1954-maserati-a6gcs-broad-arrow-auctions-1238353411/- Is the luxury handbag's heyday ending? (WSJ): https://www.wsj.com/business/retail/is-the-luxury-handbags-heyday-ending-ed1a589e- LVMH + athletes fund / Rhoback (WSJ): https://www.wsj.com/business/deals/new-fund-backed-by-lvmh-and-top-pro-athletes-invests-in-activewear-brand-173c764c- Bruno Sialelli joins Balenciaga (WWD): https://wwd.com/fashion-news/designer-luxury/bruno-sialelli-joins-balenciaga-couture-studio-1239006611/- Interim US–Iran deal / premarket (Bloomberg): https://www.bloomberg.com/news/articles/2026-06-15/us-stock-futures-today-fox-hawkeye-old-dominion-roku-spacex- SpaceX IPO / Mirae review (Bloomberg): https://www.bloomberg.com/news/articles/2026-06-15/failed-spacex-ipo-allocation-prompts-wider-mirae-review-in-korea- The art world honours David Hockney (The Art Newspaper): https://www.theartnewspaper.com/2026/06/15/the-art-world-honours-david-hockney-who-flew-the-flag-higher-than-any-other-british-artistAlso from ALT/FNDATA:- Closing Price — Mon-Fri at 5 PM ET- Art Market — Tuesdays

June 12: David Hockney Dies at 88; Christie's South Asian Sale Hits £18.9M; Luxury Rallies on the Iran DealThe art world remembers David Hockney, a £18.9M South Asian sale at Christie's, a world-record Elizabeth Taylor handbag, and luxury stocks surging on a possible US–Iran peace deal.In this episode:In Memoriam- David Hockney has died at 88 (at home in London, June 11). Born Bradford, 1937; pop-art pioneer; the Los Angeles pool paintings ("A Bigger Splash," "Portrait of an Artist"); joiners, Yorkshire landscapes, and iPad drawings. Held at the Met, MoMA, Tate and Centre Pompidou; his 2017 Tate Britain retrospective was the most-visited in that gallery's history; Royal Academician and Order of Merit, and he turned down a knighthood. "Portrait of an Artist" sold for $90M at Christie's in 2018 (then the record for a living artist) — he first sold it for $20,000 in 1972- Nigel Cabourn, British menswear designer, has died at 77. Known for military- and workwear-inspired clothing drawn from his own vast archive of 20th-century military uniforms; a touchstone of the heritage-menswear movementAuction Results- Christie's "Sublime Shadows: South Asian Art From a Distinguished Collection" (London): £18.9M total — Christie's first dedicated sale of its kind since 2019, on strong international demand for South Asian modern & contemporary art- Christie's "Handbags Online: The New York Edit": $3.26M total, 97% sold by lot. A Fendi Baguette once owned by Elizabeth Taylor set a world record for the model at $21,590Markets — Luxury Rallies on the Iran News- Luxury stocks surged on reports the US and Iran are nearing a deal to end their war; LVMH up ~5% in early trading; oil at a multi-month low. Bloomberg notes a whipsaw week, swinging from the year's worst day (Wednesday) to this rally in a matter of sessions- European luxury opens (vs Thursday's close; US names open later): LVMH (MC) 508 EUR +3% (~+5% mid-morning); Kering (KER) 268 EUR +3.4%; Hermès (RMS) 1,680 EUR +2.3%; Richemont (CFR) 179 CHF +2.9%; Swatch (UHR) 205 CHF +1.6%; Watches of Switzerland (WOSG) 715p +1.4%; Burberry (BRBY) 1,161p +2.1%Luxury Brands- LVMH's Pucci, under designer Camille Miceli, is one of the group's fastest-growing labels via a Gen Z-friendly take on its Mediterranean heritage (BoF)- Farfetch launches "Farfetch First," a new service to elevate the customer experience and support its brand partners (BoF)Week Ahead- Today: Christie's Important Watches (New York) + Christie's Paris Hermès online sale opens + Sotheby's Gem Drop- June 13: Bonhams National Automobile Museum (Reno) + Phillips New York Watch Auction- June 15: Sotheby's Important WatchesLinks:- ALT/FNDATA: https://www.altfndata.com- David Hockney (Artnet): https://news.artnet.com/art-world/david-hockney-obituary-2675195- Nigel Cabourn (Business of Fashion): https://www.businessoffashion.com/news/luxury/menswear-designer-nigel-cabourn-dies-at-77/- Christie's South Asian Art (£18.9M): https://press.christies.com/first-dedicated-sale-of-its-kind-at-christies-london-since-2019-sublime-shadows-south-asian-art-from-a-distinguished-collection-totals-ps18909996/- Elizabeth Taylor Fendi record (Christie's): https://press.christies.com/worldrecord-price-for-elizabeth-taylors-fendi-baguette-at-21590-drives-momentum-in-handbags-online-the-new-york-edit-sale-totals-3256407/- Luxury stocks on the Iran deal (CNBC): https://www.cnbc.com/2026/06/12/luxury-stocks-lvmh-hermes-burberry-iran-war-peace-deal.html- 'Extreme' rotations (Bloomberg): https://www.bloomberg.com/news/articles/2026-06-12/-extreme-rotations-leave-stock-market-bulls-without-a-playbook- Pucci's revival (Business of Fashion): https://www.businessoffashion.com/briefings/luxury/the-formula-that-powered-puccis-revival/- Farfetch First (Business of Fashion): https://www.businessoffashion.com/articles/luxury/inside-farfetch-first-luxury-delivery-strategy/- AI identifies a lost Scottish masterpiece (Artnet): https://news.artnet.com/art-world/how-a-i-helped-identify-a-lost-scottish-masterpiece-2780288- Child damages a Magritte (The Art Newspaper): https://www.theartnewspaper.com/2026/06/11/child-damages-magritte-painting-with-pinecone- de Kooning drawings in Chicago (The Art Newspaper): https://www.theartnewspaper.com/2026/06/12/drawings-by-willem-de-kooning-the-last-old-master-take-centre-stage-in-chicago-showAlso from ALT/FNDATA:- Closing Price — Mon-Fri at 5 PM ET- Art Market — Tuesdays

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

June 10: Christie's Magnificent Jewels Hits $49.7M; India Pulls Ahead in Asian Art Market; CPI up 4.2%A $49.7M white-glove jewels sale at Christie's, two upcoming lots worth watching, a hard data read on Asia's splintering art market, and where the luxury names and metals opened this morning.In this episode:Jewelry — Auction Results- Christie's Magnificent Jewels, New York: $49.7M total, 100% sold by lot, 149% of the low estimate, led by a stone called The Azure Blue- Buyers: 58% Americas, 21% Asia-Pacific, 21% EuropeComing to the Block- 1985 Lamborghini Countach (1 of 300 of the most powerful version): RM Sotheby's, August, est. ~$1.1M- Christie's announces the Collection of the Hon. Patrick and Lady Amabel Lindsay: 6 specialist sales, June–October; first group (5 Old Master paintings + 2 Italian illuminations) on June 30Art Market — Asia Data Dive (Artnet)- Asia's fine-art auction market: $2.2B in 2025, down from a $5.4B peak in 2021- Average hammer price fell from $81,000 to $36,000; lot volume steady at ~61,000 works/year (a repricing, not a retreat)- India strongest of the 5 core markets: median hammer ~$11,000, 89% sell-through (region's highest); Mumbai house AstaGuru grew revenue 138% and opened a London outpost- Measured against 2016 prices: China −37% (held back by its property downturn), Japan −50%; South Korea climbed 26% above 2016 by 2021, then fell 88% the next yearHigh Jewellery- Chanel names Marie-Laure Cérède (ex-Cartier and Harry Winston) to lead its jewellery designMarkets- May CPI: US consumer prices +4.2% year-on-year; core inflation (excludes food and energy) came in below forecasts- Luxury stocks at today's open (vs Tuesday's close): LVMH (MC) 496 EUR +0.8%, Kering (KER) 257 EUR +0.9%, Hermès (RMS) 1,674 EUR +0.5%, Richemont (CFR) 168.25 CHF +0.3%, Watches of Switzerland (WOSG) 715p +3%, Burberry (BRBY) 1,124p +1%, Ferrari (RACE) $354 −1.1%, Signet (SIG) $86 −0.4%- Metals at the open: gold ~$4,276/oz, +0.4% vs Tuesday's close; silver ~$65, roughly flatCollectibles — Quick Hits- Elijah Craig 21-Year-Old Single Barrel bourbon returns, first release of that age statement in over a decade- Porsche unveils 3 one-off 911s inspired by Toy Story 5, to be sold for charityAlso Noted- The Economist: a bidding war for Monte dei Paschi di Siena, the world's oldest bankWeek Ahead- Bonhams London Fine Watches + Christie's first London sale of South Asian modern & contemporary art in 7 years — June 11- Christie's Important Watches, New York + Christie's Paris Hermès handbag sale (online, through June 24) + Sotheby's Gem Drop — June 12- Bonhams sells ~100 cars from the National Automobile Museum, Reno — June 13Links:- ALT/FNDATA: https://www.altfndata.com- Christie's Magnificent Jewels: https://press.christies.com/magnificent-jewels-totals-497-million/- Lamborghini Countach (RM Sotheby's): https://robbreport.com/motors/cars/1985-lamborghini-countach-rm-sothebys-auction-1238322103/- Christie's Lindsay Collection: https://press.christies.com/the-collection-of-the-hon-patrick-and-lady-amabel-lindsay/- Artnet Asia data dive: https://news.artnet.com/market/data-dive-asian-art-market-2779226- Chanel jewellery design: https://www.businessoffashion.com/articles/luxury/chanel-taps-cartier-veteran-to-lead-next-era-of-jewellery-design/- Monte dei Paschi (The Economist): https://www.economist.com/finance-and-economics/2026/06/08/a-bidding-war-erupts-for-the-worlds-oldest-bank- Elijah Craig 21-Year bourbon: https://robbreport.com/food-drink/spirits/elijah-craig-21-year-old-single-barrel-bourbon-1238317726/- Porsche one-off 911s: https://robbreport.com/motors/cars/porsche-911-toy-story-trio-1238317880/- Gandona Estate, Napa: https://robbreport.com/shelter/homes-for-sale/gandona-estate-napa-valley-california-1238317754/- May CPI (WSJ): https://www.wsj.com/livecoverage/stock-market-cpi-inflation-06-10-2026Also from ALT/FNDATA:- Closing Price — Mon/Wed/Fri at 5 PM ET- Luxury Spending — Wednesdays

June 9: $3.2M Wine Cellar Sells 100% at Christie's; Burberry's Bailey Buys a 175-Year-Old Pottery; New Balance Expands in IndiaIn this episode:Christie's Wine Cellar Sells 100%- The Exceptional Private Cellar of a Silicon Valley Pioneer sold June 5 at Christie's Rockefeller Center for $3,230,175- 100% sold by lot; 132% sold by low estimate (total came in a third above the low end)- A full white-glove result on a single-owner fine-wine collectionChristopher Bailey Acquires Burleigh- Christopher Bailey, former chief creative officer and CEO of Burberry, is leading the acquisition of English pottery maker Burleigh- The company is 175 years old — one of the oldest Victorian potteries still operating; terms not disclosedeBay-Depop Under UK Review- Britain's Competition and Markets Authority has opened a formal review of eBay's purchase of resale app Depop- The regulator will decide by August 6 whether to clear the deal or refer it for an in-depth investigationThe Footwear Market, Two Ways- StockX is launching a live-shopping service this summer — sneakers to electronics, sold in real time; CEO Greg Schwartz calls it the platform's next growth lever- New Balance's India partner, Brandman Retail, plans to bring more global brands (Salomon, Anta) into India and more than quintuple its store count by 2028- Designer Brands (parent of DSW) stock dropped on weak guidance; Q1 sales up just 1.4% to $696.35MQuick Hits- Nearly 11,000 bottles of Noble Oak bourbon were stolen in Philadelphia last week — the latest in a run of large spirits heists- Actor Jason Momoa and Hedley Studios unveiled a one-of-a-kind electric Mini Bentley Blower — a scaled recreation of the 1920s race car, with 100 custom touchesMacro Note- The Bank of France will raise its 2026 inflation forecast, Governor Emmanuel Moulin said, citing the effect of the Iran war on pricesWeek Ahead- Sotheby's Magnificent Jewels — June 9, New York (today)- Christie's Important Watches — June 10, New York- Bonhams Watches — June 11, London- Christie's Paris Hermes Handbag (online) & Sotheby's The Gem Drop — June 12- Bonhams National Automobile Museum (~100 cars) — June 13, RenoLinks:- ALT/FNDATA: https://www.altfndata.com- Christie's Silicon Valley cellar totals $3.2M: https://press.christies.com/the-exceptional-private-cellar-of-a-silicon-valley-pioneer-totals-32-million/- Christopher Bailey acquires Burleigh (BoF): https://www.businessoffashion.com/news/global-markets/christopher-bailey-leads-acquisition-of-english-potter-burleigh/- UK watchdog reviews eBay-Depop (BoF): https://www.businessoffashion.com/news/retail/uk-watchdog-begins-formal-review-of-ebays-purchase-of-depop/- Why StockX is launching live shopping (BoF): https://www.businessoffashion.com/briefings/sports/the-kicks-you-wear-why-stockx-is-launching-live-shopping/- New Balance's India partner to add global brands (BoF): https://www.businessoffashion.com/news/stores/new-balances-india-partner-to-introduce-more-global-brands-in-expansion/- DSW parent Q1 earnings (WWD): https://wwd.com/footwear-news/shoe-industry-news/designer-brands-dbi-q1-2026-earnings-1239001840/- 11,000 bottles of Noble Oak bourbon stolen (Robb Report): https://robbreport.com/food-drink/spirits/11000-bottles-of-noble-oak-bourbon-were-stolen-1238310553/- Jason Momoa's Mini Bentley Blower (Robb Report): https://robbreport.com/motors/cars/jason-momoa-electric-bentley-blower-1238310442/- Bank of France to raise inflation forecast (Bloomberg): https://www.bloomberg.com/news/articles/2026-06-09/bank-of-france-to-raise-2026-inflation-forecast-moulin-saysAlso 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

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

June 5: Pace Gallery Drops 50 Artists; Bonhams Motorcycle Sale with 300+ LotsIn this episode:Pace Gallery Restructuring- Cutting ~50 artists from roster of 135, reducing staff from 250 to 200- CEO Marc Glimcher describes mega-gallery model as "unfixable"- Locations: New York, London, Los Angeles, Hong Kong, Seoul, Tokyo, GenevaSagrada Familia- 18th and final tower completed after 144 years of construction- Pope scheduled to inaugurate- Designed by Antoni Gaudi; long considered incompletableLuxury & Fashion- Zegna (ZGN) staging Summer 2027 runway show in Los Angeles today- Villa Zegna invitation-only private club opens in Hollywood- Zegna joins Dior, Gucci, and Louis Vuitton in staging shows outside traditional fashion week calendarAuctions & Events- Bonhams Motorcycles Online Summer Sale live through June 15 — 300+ lots, 250+ without reserve- 100+ artists threaten legal action against Venice Biennale over Visitors' Lions prize- London Gallery Weekend opens today — 120+ galleries participatingWeek 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, RenoLinks:- ALT/FNDATA: https://www.altfndata.com- Pace Gallery restructuring: https://news.artnet.com/market/pace-gallery-downsizes-cutting-artists-and-staff-2778584- Sagrada Familia: https://www.theartnewspaper.com/2026/06/04/gaudis-sagrada-familia-finally-shakes-off-its-incompletable-tag-as-pope-prepares-to-inaugurate-tallest-and-final-tower- Zegna LA runway: https://wwd.com/menswear-news/mens-designer-luxury/zegna-spring-2027-los-angeles-thom-browne-first-show-milan-fashion-week-1238638812/- Venice Biennale legal action: https://www.theartnewspaper.com/2026/06/04/more-than-100-artists-threaten-legal-action-against-venice-biennaleAlso 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

June 4: Centre Pompidou Opens in Seoul; Ferrari 599XX Leads RM Sotheby's Tegernsee at EUR 2.5MIn this episode:Centre Pompidou Seoul- Centre Pompidou Hanwha opens today in Yeouido, Seoul's finance district- 10,000 sqm across four floors inside the 63 Building, designed by Jean-Michel Wilmotte- Former aquarium converted into a "box of light"- Inaugural exhibition: "The Cubists: Inventing Modern Vision" — Picasso, Kandinsky, Matisse, Chagall- Partnership with Hanwha Foundation (Hanwha conglomerate)- Opens on the 140th anniversary of France-Korea diplomatic relationsRM Sotheby's Tegernsee — Consignment Announced (July 4)- 2009 Ferrari 599XX Evo: EUR 2M–2.5M (headline lot)- 2023 Ferrari 812 Competizione: EUR 1.25M–1.5M- 2004 Porsche Carrera GT: EUR 1.2M–1.6M- 1960 Porsche 356 B Carrera 1600 GS/GT Coupe by Reutter: EUR 470K–570K- 1971 Mercedes-Benz 280 SE 3.5 Cabriolet: EUR 300K–400K- 2006 Mercedes-Benz CLK DTM AMG CabrioletWatch 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 YorkEquity Snapshot- LVMH (MC.PA): EUR 477.10, day range 473–479.75- BMW, Mercedes-Benz, Porsche: testing technical support levels- Ferrari (RACE): 29.5% operating marginLinks:- ALT/FNDATA: https://www.altfndata.com- Centre Pompidou Hanwha: https://www.centrepompidou.fr/en/lieu/centre-pompidou-hanwha- 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/Also from ALT/FNDATA:- Auto Market — Thursdays at 8 AM ET- Closing Price — Mon-Fri at 5 PM ET

June 3: Neiman Marcus Closes Dallas Flagship; De Beers Reports 25% Rise in Diamond SpendingIn this episode:Luxury Retail- Neiman Marcus closing its Dallas flagship store, over 100 years old, as part of Saks Global's Chapter 11 restructuringJewelry & Gems- De Beers: average cost of a natural mined diamond reached $4,063 in 2025, up 25% from 2023- Kao diamond mine going on care and maintenance from July amid rough-price downturn- Christie's Hong Kong Important Watches auction: $36M total, Patek Philippe top lot at $1.8M- Christie's Hong Kong: multi-gem ring sold for $194,500 — five times its high estimateSwiss Watch Exports- Swiss watch exports to the US fell 17% YoY in April- Hong Kong luxury sales (jewelry, watches, clocks, valuable gifts) up 20% YoY in AprilEquity Recap (from yesterday's Closing Price)- Watches of Switzerland (WOSG.L): surged 14% on FY2026 earnings, US sales +24%- Richemont (CFR.SW): near record high CHF 161.80- LVMH (MC.PA): EUR 473, down 26% YTD- Signet (SIG): raised full-year guidanceLinks:- ALT/FNDATA: https://www.altfndata.com- Neiman Marcus / Saks Global: https://www.businessoffashion.com/news/retail/neiman-marcus-to-close-dallas-flagship/- De Beers diamond spending data: https://rapaport.com/news/natural-diamond-spending-and-sizes-rising-de-beers-says/- Christie's HK Important Watches: https://rapaport.com/news/important-watches-auction-rakes-in-36m-at-christies-hong-kong/- Swiss watch exports: https://rapaport.com/news/us-market-continues-to-weigh-on-swiss-watch-exports/Also from ALT/FNDATA:- Luxury Spending — Wednesdays at 8 AM ET- Closing Price — Mon-Fri at 5 PM ET

June 2: Jerry Gogosian Dies at 40; Dawn Airey Named Arts Council England ChairIn this episode:Art World- Hilde Lynn Helphenstein, known as Jerry Gogosian, has died at age 40 in Sao Paulo- Dawn Airey announced as new chair of Arts Council England, replacing Nicholas Serota on August 1stInstitutional- Crystal Bridges Museum of American Art completes major expansion, adding 50% more space- Centre Pompidou Hanwha opens in Seoul on June 4th- Elsewhere art fair launches in Philadelphia with 26 exhibitors at the Yowie HotelMarket Recap (from yesterday's Closing Price)- LVMH (MC.PA): EUR 473, down 26% YTD, near 52-week low- Christie's spring evening session: $1.1B- Richemont (CFR.SW): FY2026 sales EUR 22.4B, up 11%; jewelry maisons at 30.5% margin- Ferrari (RACE): Q1 revenue EUR 1.85B- Burberry (BRBY.L): net zero target delayed from 2040 to 2050Market Context- BofA spring 2026 report: global sales at Christie's, Sotheby's, Phillips reached $4.55B in 2025, up 11.1% from 2024- 53% of lots sold above pre-sale estimates in 2025 vs 48% in 2024Week Ahead- Centre Pompidou Seoul — June 4- RM Sotheby's Bavaria — June 5-6- Sotheby's Magnificent Jewels, New York — June 9 (73.11-carat Fancy Vivid Yellow diamond by Glenn Spiro)Links:- ALT/FNDATA: https://www.altfndata.com- Hilde Lynn Helphenstein: https://www.theartnewspaper.com/2026/06/02/artist-and-satirist-hilde-lynn-helphenstein-has-died-at-age-40-in-sao-paulo-local-media-reports- Dawn Airey, Arts Council England: https://www.theartnewspaper.com/2026/06/02/dawn-airey-announced-new-chair-arts-council-england- Crystal Bridges expansion: https://www.theartnewspaper.com/2026/06/01/crystal-bridges-opens-expansion-art-bridges-wellness-programme- BofA Art Market Report: https://www.pbig.ml.com/articles/art-market-spring-update.htmlAlso from ALT/FNDATA:- Art Market — Tuesdays at 8 AM ET- Closing Price — Mon-Fri at 5 PM ET

June 1: Spring Sales Achieve $1.8B Across Christie's, Sotheby's, and PhillipsNew York's May spring auction season has concluded with $1.8 billion across Christie's, Sotheby's, and Phillips.In this episode:- Christie's posts $1.1B evening session; Pollock's "Number 7A, 1948" realizes $181M- Sotheby's finishes at $909M; Rothko's "Brown and Blacks in Red" at $85.8M- Phillips posts $115M, more than double its 2025 total- Sotheby's High Jewelry sale achieves $31.4M with 95% sell-through- 73.11-carat Fancy Vivid Yellow diamond by Glenn Spiro leads June 9th Magnificent Jewels- Heritage Auctions spring sale features signed Hermes Birkin- Christie's Paris announces dedicated Hermes handbag auction for June- Centre Pompidou Hanwha opens in Seoul on June 4th- John Armleder receives carte blanche at Musee d'Art et d'Histoire, Geneva- The Market by Bonhams: 2009 Ferrari California ~$34,000 | 2018 Jaguar F-Type ~$20,000 | 1991 Porsche 944 Turbo ~$8,000- Week ahead: RM Sotheby's Bavaria (Thu-Fri), Sotheby's Magnificent Jewels (June 9)Links:- ALT/FNDATA: https://www.altfndata.com- Sotheby's Magnificent Jewels June 9: https://www.sothebys.com/en/digital-catalogues/magnificent-jewels-3- Centre Pompidou Hanwha: https://www.artsy.net/article/artsy-editorial-inside-centre-pompidou-hanwha-seouls-newest-museum- John Armleder at MAH Geneva: https://news.artnet.com/art-world/john-m-armleder-mah-geneva-2776555Also from ALT/FNDATA:- Closing Price — Mon/Wed/Fri at 5 PM ET: Connecting public equities to the global auction and luxury asset markets