Closing Price — Luxury Equities & Alternative Asset Signals Transistor (https://transistor.fm) https://feeds.transistor.fm/closing-price Closing Price reads the signal where luxury equities meet the alternative-asset markets underneath them. Each market day, with a deeper week-in-review every Friday, host Sharon Obuobi tracks the listed companies behind the world's great luxury brands and auction houses — LVMH, Hermès, Richemont, Ferrari, and the major houses — against ALT/FNDATA's proprietary resale and auction data across watches, jewelry, fine art, handbags, and collector cars. The edge is the divergence between where the stocks trade and where end-demand actually sits. For investors and analysts who want the demand behind the price, not just the ticker. Learn more and access the data at www.altfndata.com Copyright Oarbt Inc. 53d73b7c-5a83-574e-98e7-2e74a94b657e yes Sharon Obuobi en Sat, 04 Jul 2026 22:37:09 -0400 Sat, 04 Jul 2026 22:37:19 -0400 https://altfndata.com https://img.transistorcdn.com/Y7uj6jCBXMKwl8Q9qD7e4o4noxa2ATCHH169uaOUP6I/rs:fill:0:0:1/w:1400/h:1400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jMTc5/NmRjNzQ2MTE0NmFl/YWY4OTQyODMxMTlh/ZGNiYy5wbmc.jpg Closing Price — Luxury Equities & Alternative Asset Signals https://altfndata.com episodic ALT/FNDATA Closing Price reads the signal where luxury equities meet the alternative-asset markets underneath them. Each market day, with a deeper week-in-review every Friday, host Sharon Obuobi tracks the listed companies behind the world's great luxury brands and auction houses — LVMH, Hermès, Richemont, Ferrari, and the major houses — against ALT/FNDATA's proprietary resale and auction data across watches, jewelry, fine art, handbags, and collector cars. The edge is the divergence between where the stocks trade and where end-demand actually sits. For investors and analysts who want the demand behind the price, not just the ticker. Learn more and access the data at www.altfndata.com Closing Price reads the signal where luxury equities meet the alternative-asset markets underneath them. stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market ALT/FNDATA info@altfndata.com No No The Week the Retailer Told the Truth: Watches of Switzerland Rose by Admitting the Slowdown, While the Divergence Held 25 25 The Week the Retailer Told the Truth: Watches of Switzerland Rose by Admitting the Slowdown, While the Divergence Held full 3321b5ce-9e80-42cc-ae9d-c2989dc85067 https://share.transistor.fm/s/d629ee5d July 3: The Week the Retailer Told the Truth: Watches of Switzerland Rose by Admitting the Slowdown, While the Divergence Held
This week, the split we have tracked all quarter held wide open: the listed luxury names lagged even as the broad market climbed to new highs and the auction rooms set record after record. Kering, the group behind Gucci, had the worst of it, down about 7 percent. The one meaningful gainer was Watches of Switzerland, one of the world's largest sellers of Rolex, and the reason it rose is the story of the week.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/book
- Market reports: https://altfndata.com/go/cp-260703-r
- Podcast episodes: https://altfndata.com/go/cp-260703-p

The Only Luxury Stock That Rose Did So by Admitting the Slowdown
- Watches of Switzerland climbed more than 6 percent on the week after abandoning its target to more than double sales by 2028, telling the market plainly that demand had cooled. The rest of the sector, still promising growth, kept falling.
- The lesson: this market is rewarding honesty about the slowdown over ambitious targets it no longer believes.
- The divergence held again: the equities lagged a rising market while the goods themselves set records. Thursday's one-day rally narrowed the gap, but only for a day.

The Tape (week over week, Friday July 3 close)
- Europe: Kering -6.96% (248.45 EUR, the laggard, still fighting to turn Gucci around); Swatch -2.76% (197.0 CHF); Burberry -2.62% (1,079.5p); Richemont -1.39% (184.2 CHF); LVMH -0.01% (495.7 EUR, flat); Hermès +0.92% (1,641.0 EUR); Watches of Switzerland +6.29% (752.0p, the week's leader).
- US (market closed Friday for Independence Day, so the week ran Mon-Thu): Movado -4.98%; Ralph Lauren -3.15%; Capri -2.17%; Tapestry -1.23%; Estée Lauder +3.94% (the lone gainer).
- Macro: Nasdaq +2.12% (25,833); S&P 500 +1.76% (7,483); gold +2.66% to a fresh record near 4,187 dollars an ounce; WTI oil -0.65%; the dollar index -0.50%. A soft Thursday jobs report kept rate cuts in view.

The Week in Demand (ALT/FNDATA data + the saleroom)
- Christie's Classic Week: the Old Masters sales set 7 world auction records in a single evening, led by a Titian at around 22 million dollars, the most ever paid for the artist.
- The most expensive tequila ever sold: a bottle of Clase Azul, first sold for 250 dollars, fetched 35,000 dollars at Sotheby's.
- Chanel bought Charvet, the 188-year-old Parisian shirtmaker, choosing to own irreplaceable craft rather than chase volume.

The Divergence
- The equity market spent the week treating luxury as a fading consumer story, and on the numbers it had a point, because the sector did lag. But the buyers of the actual goods spent the same week setting records, which is a strange way for demand to behave if it is truly collapsing. The test into next week: if Thursday's rally was the share prices starting to catch up to that demand, the records keep coming and the stocks follow; if it was a bounce, the gap reopens.

Also from ALT/FNDATA:
- Open Bid — Monday morning, your pre-market briefing on the luxury markets

]]> July 3: The Week the Retailer Told the Truth: Watches of Switzerland Rose by Admitting the Slowdown, While the Divergence Held
This week, the split we have tracked all quarter held wide open: the listed luxury names lagged even as the broad market climbed to new highs and the auction rooms set record after record. Kering, the group behind Gucci, had the worst of it, down about 7 percent. The one meaningful gainer was Watches of Switzerland, one of the world's largest sellers of Rolex, and the reason it rose is the story of the week.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/book
- Market reports: https://altfndata.com/go/cp-260703-r
- Podcast episodes: https://altfndata.com/go/cp-260703-p

The Only Luxury Stock That Rose Did So by Admitting the Slowdown
- Watches of Switzerland climbed more than 6 percent on the week after abandoning its target to more than double sales by 2028, telling the market plainly that demand had cooled. The rest of the sector, still promising growth, kept falling.
- The lesson: this market is rewarding honesty about the slowdown over ambitious targets it no longer believes.
- The divergence held again: the equities lagged a rising market while the goods themselves set records. Thursday's one-day rally narrowed the gap, but only for a day.

The Tape (week over week, Friday July 3 close)
- Europe: Kering -6.96% (248.45 EUR, the laggard, still fighting to turn Gucci around); Swatch -2.76% (197.0 CHF); Burberry -2.62% (1,079.5p); Richemont -1.39% (184.2 CHF); LVMH -0.01% (495.7 EUR, flat); Hermès +0.92% (1,641.0 EUR); Watches of Switzerland +6.29% (752.0p, the week's leader).
- US (market closed Friday for Independence Day, so the week ran Mon-Thu): Movado -4.98%; Ralph Lauren -3.15%; Capri -2.17%; Tapestry -1.23%; Estée Lauder +3.94% (the lone gainer).
- Macro: Nasdaq +2.12% (25,833); S&P 500 +1.76% (7,483); gold +2.66% to a fresh record near 4,187 dollars an ounce; WTI oil -0.65%; the dollar index -0.50%. A soft Thursday jobs report kept rate cuts in view.

The Week in Demand (ALT/FNDATA data + the saleroom)
- Christie's Classic Week: the Old Masters sales set 7 world auction records in a single evening, led by a Titian at around 22 million dollars, the most ever paid for the artist.
- The most expensive tequila ever sold: a bottle of Clase Azul, first sold for 250 dollars, fetched 35,000 dollars at Sotheby's.
- Chanel bought Charvet, the 188-year-old Parisian shirtmaker, choosing to own irreplaceable craft rather than chase volume.

The Divergence
- The equity market spent the week treating luxury as a fading consumer story, and on the numbers it had a point, because the sector did lag. But the buyers of the actual goods spent the same week setting records, which is a strange way for demand to behave if it is truly collapsing. The test into next week: if Thursday's rally was the share prices starting to catch up to that demand, the records keep coming and the stocks follow; if it was a bounce, the gap reopens.

Also from ALT/FNDATA:
- Open Bid — Monday morning, your pre-market briefing on the luxury markets

]]> Sat, 04 Jul 2026 22:33:57 -0400 ALT/FNDATA ALT/FNDATA 445 July 3: The Week the Retailer Told the Truth: Watches of Switzerland Rose by Admitting the Slowdown, While the Divergence Held
This week, the split we have tracked all quarter held wide open: the listed luxury names lagged even as the broad market climbed to new highs and the auction rooms set record after record. Kering, the group behind Gucci, had the worst of it, down about 7 percent. The one meaningful gainer was Watches of Switzerland, one of the world's largest sellers of Rolex, and the reason it rose is the story of the week.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/book
- Market reports: https://altfndata.com/go/cp-260703-r
- Podcast episodes: https://altfndata.com/go/cp-260703-p

The Only Luxury Stock That Rose Did So by Admitting the Slowdown
- Watches of Switzerland climbed more than 6 percent on the week after abandoning its target to more than double sales by 2028, telling the market plainly that demand had cooled. The rest of the sector, still promising growth, kept falling.
- The lesson: this market is rewarding honesty about the slowdown over ambitious targets it no longer believes.
- The divergence held again: the equities lagged a rising market while the goods themselves set records. Thursday's one-day rally narrowed the gap, but only for a day.

The Tape (week over week, Friday July 3 close)
- Europe: Kering -6.96% (248.45 EUR, the laggard, still fighting to turn Gucci around); Swatch -2.76% (197.0 CHF); Burberry -2.62% (1,079.5p); Richemont -1.39% (184.2 CHF); LVMH -0.01% (495.7 EUR, flat); Hermès +0.92% (1,641.0 EUR); Watches of Switzerland +6.29% (752.0p, the week's leader).
- US (market closed Friday for Independence Day, so the week ran Mon-Thu): Movado -4.98%; Ralph Lauren -3.15%; Capri -2.17%; Tapestry -1.23%; Estée Lauder +3.94% (the lone gainer).
- Macro: Nasdaq +2.12% (25,833); S&P 500 +1.76% (7,483); gold +2.66% to a fresh record near 4,187 dollars an ounce; WTI oil -0.65%; the dollar index -0.50%. A soft Thursday jobs report kept rate cuts in view.

The Week in Demand (ALT/FNDATA data + the saleroom)
- Christie's Classic Week: the Old Masters sales set 7 world auction records in a single evening, led by a Titian at around 22 million dollars, the most ever paid for the artist.
- The most expensive tequila ever sold: a bottle of Clase Azul, first sold for 250 dollars, fetched 35,000 dollars at Sotheby's.
- Chanel bought Charvet, the 188-year-old Parisian shirtmaker, choosing to own irreplaceable craft rather than chase volume.

The Divergence
- The equity market spent the week treating luxury as a fading consumer story, and on the numbers it had a point, because the sector did lag. But the buyers of the actual goods spent the same week setting records, which is a strange way for demand to behave if it is truly collapsing. The test into next week: if Thursday's rally was the share prices starting to catch up to that demand, the records keep coming and the stocks follow; if it was a bounce, the gap reopens.

Also from ALT/FNDATA:
- Open Bid — Monday morning, your pre-market briefing on the luxury markets

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi Luxury Stocks Finally Rally With the Saleroom: LVMH, Hermès and Kering Jump 3%+, Chanel Buys Charvet, and a Record Tequila 24 24 Luxury Stocks Finally Rally With the Saleroom: LVMH, Hermès and Kering Jump 3%+, Chanel Buys Charvet, and a Record Tequila full 1743bd5d-d9dd-445e-9b7f-28e49a993281 https://share.transistor.fm/s/e96fd16a July 2: Luxury Stocks Finally Rally With the Saleroom: LVMH, Hermès and Kering Jump 3%+, Chanel Buys Charvet, and a Record Tequila
For the first time in a while, both sides of the divergence moved the same way, and that way was up. The listed luxury names did not merely steady after Monday's stumble, they rallied hard, and they did it even as Wall Street was heavy. At the same time the industry itself signalled strength: Chanel paid to buy the 188-year-old Parisian shirtmaker Charvet, and the collectibles market set a record for the most expensive bottle of tequila ever sold at auction. All quarter the equity market has marked luxury down while the saleroom set records. Today the stocks narrowed that gap from the side that had been lagging.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/book
- Market reports: https://altfndata.com/go/cp-260702-r
- Podcast episodes: https://altfndata.com/go/cp-260702-p

A Rare Day of Agreement (the divergence narrows from the stock side)
- European luxury rallied broadly: LVMH, Hermès and Kering each closed up more than 3 percent, and Watches of Switzerland jumped almost 4 percent as its bounce off Monday extended into a second day.
- It happened against a soft tape: the Nasdaq fell 0.8 percent and the S&P 500 finished flat, so luxury rallied on its own rather than on broad-market beta.
- The industry echoed it: Chanel bought Charvet to own a piece of irreplaceable craft, and a single bottle of Clase Azul (first sold for 250 dollars) fetched 35,000 dollars at Sotheby's, the most ever paid for a tequila at auction.

The Tape (Thursday close)
- Macro: Nasdaq 25,833 (-0.80%), S&P 500 7,483 (flat), gold 4,136 (+1.68%, another record), WTI oil 68.49 (-0.13%), US 10-year ~4.5% (+2.58%), dollar index 100.85 (-0.54%).
- European luxury (broadly higher): LVMH 497.95 EUR (+3.52%), Hermès 1,647.0 EUR (+3.26%), Kering 252.55 EUR (+2.77%), Watches of Switzerland 736.5p (+3.88%), Brunello Cucinelli 83.24 EUR (+0.77%), Burberry 1,070.0p (+0.75%), Richemont 182.80 CHF (+0.05%, flat), Swatch 195.20 CHF (-1.59%, lone decliner).
- US-listed (mixed): Capri 18.96 (+2.10%), Estée Lauder 83.71 (+1.50%), Ralph Lauren 398.22 (+0.05%, flat), Tapestry 144.21 (-1.48%), Movado 37.61 (-4.32%).

The Divergence
- The equity tape trades on macro and flows; the demand it represents shows up in the saleroom. All quarter those two diverged, with the stocks down and the auctions setting records. Today they converged, and it was the stocks that closed the gap. The test from here: if this is the share prices catching up to real demand, the records and the deal-making continue and the stocks keep following; if it is only a one-day bounce, the softness returns and the gap reopens.

Also from ALT/FNDATA:
- Open Bid — tomorrow

]]> July 2: Luxury Stocks Finally Rally With the Saleroom: LVMH, Hermès and Kering Jump 3%+, Chanel Buys Charvet, and a Record Tequila
For the first time in a while, both sides of the divergence moved the same way, and that way was up. The listed luxury names did not merely steady after Monday's stumble, they rallied hard, and they did it even as Wall Street was heavy. At the same time the industry itself signalled strength: Chanel paid to buy the 188-year-old Parisian shirtmaker Charvet, and the collectibles market set a record for the most expensive bottle of tequila ever sold at auction. All quarter the equity market has marked luxury down while the saleroom set records. Today the stocks narrowed that gap from the side that had been lagging.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/book
- Market reports: https://altfndata.com/go/cp-260702-r
- Podcast episodes: https://altfndata.com/go/cp-260702-p

A Rare Day of Agreement (the divergence narrows from the stock side)
- European luxury rallied broadly: LVMH, Hermès and Kering each closed up more than 3 percent, and Watches of Switzerland jumped almost 4 percent as its bounce off Monday extended into a second day.
- It happened against a soft tape: the Nasdaq fell 0.8 percent and the S&P 500 finished flat, so luxury rallied on its own rather than on broad-market beta.
- The industry echoed it: Chanel bought Charvet to own a piece of irreplaceable craft, and a single bottle of Clase Azul (first sold for 250 dollars) fetched 35,000 dollars at Sotheby's, the most ever paid for a tequila at auction.

The Tape (Thursday close)
- Macro: Nasdaq 25,833 (-0.80%), S&P 500 7,483 (flat), gold 4,136 (+1.68%, another record), WTI oil 68.49 (-0.13%), US 10-year ~4.5% (+2.58%), dollar index 100.85 (-0.54%).
- European luxury (broadly higher): LVMH 497.95 EUR (+3.52%), Hermès 1,647.0 EUR (+3.26%), Kering 252.55 EUR (+2.77%), Watches of Switzerland 736.5p (+3.88%), Brunello Cucinelli 83.24 EUR (+0.77%), Burberry 1,070.0p (+0.75%), Richemont 182.80 CHF (+0.05%, flat), Swatch 195.20 CHF (-1.59%, lone decliner).
- US-listed (mixed): Capri 18.96 (+2.10%), Estée Lauder 83.71 (+1.50%), Ralph Lauren 398.22 (+0.05%, flat), Tapestry 144.21 (-1.48%), Movado 37.61 (-4.32%).

The Divergence
- The equity tape trades on macro and flows; the demand it represents shows up in the saleroom. All quarter those two diverged, with the stocks down and the auctions setting records. Today they converged, and it was the stocks that closed the gap. The test from here: if this is the share prices catching up to real demand, the records and the deal-making continue and the stocks keep following; if it is only a one-day bounce, the softness returns and the gap reopens.

Also from ALT/FNDATA:
- Open Bid — tomorrow

]]> Thu, 02 Jul 2026 20:04:14 -0400 ALT/FNDATA ALT/FNDATA 357 July 2: Luxury Stocks Finally Rally With the Saleroom: LVMH, Hermès and Kering Jump 3%+, Chanel Buys Charvet, and a Record Tequila
For the first time in a while, both sides of the divergence moved the same way, and that way was up. The listed luxury names did not merely steady after Monday's stumble, they rallied hard, and they did it even as Wall Street was heavy. At the same time the industry itself signalled strength: Chanel paid to buy the 188-year-old Parisian shirtmaker Charvet, and the collectibles market set a record for the most expensive bottle of tequila ever sold at auction. All quarter the equity market has marked luxury down while the saleroom set records. Today the stocks narrowed that gap from the side that had been lagging.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/book
- Market reports: https://altfndata.com/go/cp-260702-r
- Podcast episodes: https://altfndata.com/go/cp-260702-p

A Rare Day of Agreement (the divergence narrows from the stock side)
- European luxury rallied broadly: LVMH, Hermès and Kering each closed up more than 3 percent, and Watches of Switzerland jumped almost 4 percent as its bounce off Monday extended into a second day.
- It happened against a soft tape: the Nasdaq fell 0.8 percent and the S&P 500 finished flat, so luxury rallied on its own rather than on broad-market beta.
- The industry echoed it: Chanel bought Charvet to own a piece of irreplaceable craft, and a single bottle of Clase Azul (first sold for 250 dollars) fetched 35,000 dollars at Sotheby's, the most ever paid for a tequila at auction.

The Tape (Thursday close)
- Macro: Nasdaq 25,833 (-0.80%), S&P 500 7,483 (flat), gold 4,136 (+1.68%, another record), WTI oil 68.49 (-0.13%), US 10-year ~4.5% (+2.58%), dollar index 100.85 (-0.54%).
- European luxury (broadly higher): LVMH 497.95 EUR (+3.52%), Hermès 1,647.0 EUR (+3.26%), Kering 252.55 EUR (+2.77%), Watches of Switzerland 736.5p (+3.88%), Brunello Cucinelli 83.24 EUR (+0.77%), Burberry 1,070.0p (+0.75%), Richemont 182.80 CHF (+0.05%, flat), Swatch 195.20 CHF (-1.59%, lone decliner).
- US-listed (mixed): Capri 18.96 (+2.10%), Estée Lauder 83.71 (+1.50%), Ralph Lauren 398.22 (+0.05%, flat), Tapestry 144.21 (-1.48%), Movado 37.61 (-4.32%).

The Divergence
- The equity tape trades on macro and flows; the demand it represents shows up in the saleroom. All quarter those two diverged, with the stocks down and the auctions setting records. Today they converged, and it was the stocks that closed the gap. The test from here: if this is the share prices catching up to real demand, the records and the deal-making continue and the stocks keep following; if it is only a one-day bounce, the softness returns and the gap reopens.

Also from ALT/FNDATA:
- Open Bid — tomorrow

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi Same Split, New Quarter: the Luxury Equities Stay Soft, Watches of Switzerland Drops Its £3B Goal, and the Saleroom Keeps Setting Records 23 23 Same Split, New Quarter: the Luxury Equities Stay Soft, Watches of Switzerland Drops Its £3B Goal, and the Saleroom Keeps Setting Records full ff46caf3-60e0-48fc-a80b-b05bd2596163 https://share.transistor.fm/s/f74fe5c2 July 1: Same Split, New Quarter: the Luxury Equities Stay Soft, Watches of Switzerland Drops Its £3B Goal, and the Saleroom Keeps Setting Records
Today's signal: continuity. The second half opened where the first closed, the listed luxury names under pressure while the demand data pointed the other way. This week the divergence got a corporate stamp: Watches of Switzerland is abandoning its goal to more than double sales by 2028 because the market has deteriorated, even as Christie's set seven world records in London and doubled a jewelry estimate in Paris. The stores are trimming forecasts; the auction rooms are breaking records.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/book
- Market reports: https://altfndata.com/go/cp-260701-r
- Podcast episodes: https://altfndata.com/go/cp-260701-p

A Corporate Stamp on the Divergence
- Watches of Switzerland, one of the world's biggest Rolex sellers, is stepping back from its 2028 target to more than double sales past 3 billion pounds, citing a deteriorated market. The listed side of luxury conceding the retail slowdown in its own words.
- Meanwhile the saleroom set records: Christie's Classic Week evening sales ~64 million dollars and 7 world auction records (a ~22 million dollar Titian, an artist record), after last week's Paris jewels doubled their estimate.
- The twist: WoS shares actually rose almost 4 percent on the reset, investors seemingly preferring an honest plan to an impossible one.

The Tape (Wednesday close)
- Macro (broad market gave back a little): Nasdaq 26,040 (-0.66%), S&P 500 7,483 (-0.22%), Dow 52,305 (flat), gold 4,045 (+0.57%), WTI oil 68.09 (-2.77%), US 10-year 4.48%, dollar index 101.4.
- European luxury (mixed to soft): Watches of Switzerland 729.5p (+3.77%), Brunello Cucinelli 83.36 EUR (+0.94%), Swatch 198.35 CHF (+0.38%), Hermès 1,595.0 EUR (-0.19%), Kering 245.75 EUR (-0.63%), LVMH 481.00 EUR (-0.64%), Richemont 182.70 CHF (-2.06%), Burberry 1,057.0p (-3.47%).
- US-listed: Birkenstock 44.03 (+1.43%), Canada Goose 9.55 (+1.06%), Tapestry 143.99 (-1.75%), Capri 18.54 (-2.42%), Movado 37.97 (-3.68%).

The Divergence
- The equity tape trades on macro and flows; the demand it represents shows up in the saleroom. The test: if auction prices hold, the beaten-down luxury stocks are simply too cheap and recover; if they fall, the stock weakness and WoS's climb-down were the early warning. Tonight, the auction rooms are still winning the argument.

Also from ALT/FNDATA:
- Open Bid — tomorrow

]]> July 1: Same Split, New Quarter: the Luxury Equities Stay Soft, Watches of Switzerland Drops Its £3B Goal, and the Saleroom Keeps Setting Records
Today's signal: continuity. The second half opened where the first closed, the listed luxury names under pressure while the demand data pointed the other way. This week the divergence got a corporate stamp: Watches of Switzerland is abandoning its goal to more than double sales by 2028 because the market has deteriorated, even as Christie's set seven world records in London and doubled a jewelry estimate in Paris. The stores are trimming forecasts; the auction rooms are breaking records.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/book
- Market reports: https://altfndata.com/go/cp-260701-r
- Podcast episodes: https://altfndata.com/go/cp-260701-p

A Corporate Stamp on the Divergence
- Watches of Switzerland, one of the world's biggest Rolex sellers, is stepping back from its 2028 target to more than double sales past 3 billion pounds, citing a deteriorated market. The listed side of luxury conceding the retail slowdown in its own words.
- Meanwhile the saleroom set records: Christie's Classic Week evening sales ~64 million dollars and 7 world auction records (a ~22 million dollar Titian, an artist record), after last week's Paris jewels doubled their estimate.
- The twist: WoS shares actually rose almost 4 percent on the reset, investors seemingly preferring an honest plan to an impossible one.

The Tape (Wednesday close)
- Macro (broad market gave back a little): Nasdaq 26,040 (-0.66%), S&P 500 7,483 (-0.22%), Dow 52,305 (flat), gold 4,045 (+0.57%), WTI oil 68.09 (-2.77%), US 10-year 4.48%, dollar index 101.4.
- European luxury (mixed to soft): Watches of Switzerland 729.5p (+3.77%), Brunello Cucinelli 83.36 EUR (+0.94%), Swatch 198.35 CHF (+0.38%), Hermès 1,595.0 EUR (-0.19%), Kering 245.75 EUR (-0.63%), LVMH 481.00 EUR (-0.64%), Richemont 182.70 CHF (-2.06%), Burberry 1,057.0p (-3.47%).
- US-listed: Birkenstock 44.03 (+1.43%), Canada Goose 9.55 (+1.06%), Tapestry 143.99 (-1.75%), Capri 18.54 (-2.42%), Movado 37.97 (-3.68%).

The Divergence
- The equity tape trades on macro and flows; the demand it represents shows up in the saleroom. The test: if auction prices hold, the beaten-down luxury stocks are simply too cheap and recover; if they fall, the stock weakness and WoS's climb-down were the early warning. Tonight, the auction rooms are still winning the argument.

Also from ALT/FNDATA:
- Open Bid — tomorrow

]]> Wed, 01 Jul 2026 20:28:33 -0400 ALT/FNDATA ALT/FNDATA 297 July 1: Same Split, New Quarter: the Luxury Equities Stay Soft, Watches of Switzerland Drops Its £3B Goal, and the Saleroom Keeps Setting Records
Today's signal: continuity. The second half opened where the first closed, the listed luxury names under pressure while the demand data pointed the other way. This week the divergence got a corporate stamp: Watches of Switzerland is abandoning its goal to more than double sales by 2028 because the market has deteriorated, even as Christie's set seven world records in London and doubled a jewelry estimate in Paris. The stores are trimming forecasts; the auction rooms are breaking records.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/book
- Market reports: https://altfndata.com/go/cp-260701-r
- Podcast episodes: https://altfndata.com/go/cp-260701-p

A Corporate Stamp on the Divergence
- Watches of Switzerland, one of the world's biggest Rolex sellers, is stepping back from its 2028 target to more than double sales past 3 billion pounds, citing a deteriorated market. The listed side of luxury conceding the retail slowdown in its own words.
- Meanwhile the saleroom set records: Christie's Classic Week evening sales ~64 million dollars and 7 world auction records (a ~22 million dollar Titian, an artist record), after last week's Paris jewels doubled their estimate.
- The twist: WoS shares actually rose almost 4 percent on the reset, investors seemingly preferring an honest plan to an impossible one.

The Tape (Wednesday close)
- Macro (broad market gave back a little): Nasdaq 26,040 (-0.66%), S&P 500 7,483 (-0.22%), Dow 52,305 (flat), gold 4,045 (+0.57%), WTI oil 68.09 (-2.77%), US 10-year 4.48%, dollar index 101.4.
- European luxury (mixed to soft): Watches of Switzerland 729.5p (+3.77%), Brunello Cucinelli 83.36 EUR (+0.94%), Swatch 198.35 CHF (+0.38%), Hermès 1,595.0 EUR (-0.19%), Kering 245.75 EUR (-0.63%), LVMH 481.00 EUR (-0.64%), Richemont 182.70 CHF (-2.06%), Burberry 1,057.0p (-3.47%).
- US-listed: Birkenstock 44.03 (+1.43%), Canada Goose 9.55 (+1.06%), Tapestry 143.99 (-1.75%), Capri 18.54 (-2.42%), Movado 37.97 (-3.68%).

The Divergence
- The equity tape trades on macro and flows; the demand it represents shows up in the saleroom. The test: if auction prices hold, the beaten-down luxury stocks are simply too cheap and recover; if they fall, the stock weakness and WoS's climb-down were the early warning. Tonight, the auction rooms are still winning the argument.

Also from ALT/FNDATA:
- Open Bid — tomorrow

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi As H1 Ends, the Two Luxury Markets Finish in Opposite Places; Kering Slides While Christie's Paris Jewels Double Their Estimate 22 22 As H1 Ends, the Two Luxury Markets Finish in Opposite Places; Kering Slides While Christie's Paris Jewels Double Their Estimate full 7b0b0883-f0e1-4eb9-92cd-1d8a1e410f88 https://share.transistor.fm/s/8d0b60cb June 30: As H1 Ends, the Two Luxury Markets Finish in Opposite Places; Kering Slides While Christie's Paris Jewels Double Their Estimate
Tonight, the first half of the year closes with the two markets we track in opposite places. The listed luxury names limped to the line, with another soft session led by Kering, while the saleroom ended the half at its highs, Christie's Paris jewels doubling their estimate today after London's biggest auction haul in a decade last week.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/book
- Market reports: https://altfndata.com/go/cp-260630-r
- Podcast episodes: https://altfndata.com/go/cp-260630-p

A Half That Ends in Two Places
- Listed luxury closed the first half deep in the red. On a day the broad market rose (Nasdaq +1.5%, S&P +0.8%), the European luxury complex sold off hard, led by Kering down almost 7 percent, with LVMH, Richemont, Swatch, Burberry and Hermès all lower.
- The saleroom closed the half at records: Christie's Paris jewelry sale totaled 10.5 million euros, double its estimate, after London delivered its biggest summer haul in a decade last week.

A Notable Quarter-End
- Oil headed for a quarterly drop of around 20 percent, the yen touched a 40-year low against the dollar, and Iran stirred fresh tension with talk of controlling the Strait of Hormuz, even as the broad market took it in stride.

The Divergence
- The listed luxury market and the real one ended the half apart. The equity tape trades on macro and flows; the demand it represents shows up in the saleroom, and the saleroom is at its highs.
- The test into H2: if auction prices stay at these highs, the beaten-down luxury stocks are simply too cheap and recover; if auction prices fall, the stock selloff was the early warning of weaker demand. Tonight, with the saleroom at its highs, the demand side is winning.

The Board (Tuesday close)
- European luxury: Brunello Cucinelli 82.60 EUR (+0.83%), Watches of Switzerland 709.0p (+0.21%), Hermès 1,598.0 EUR (-1.08%), LVMH 484.10 EUR (-1.67%), Richemont 186.55 CHF (-1.76%), Swatch 197.60 CHF (-2.18%), Burberry 1,062.0p (-4.19%), Kering 247.30 EUR (-6.91%).
- US-listed: Tapestry 146.38 (+0.26%), Movado 39.31 (-0.68%), Canada Goose 9.51 (-1.65%), Birkenstock 43.03 (-3.13%), Capri 18.57 (-4.18%).
- Macro (today's move vs yesterday's close): Nasdaq 26,214 (+1.5%), S&P 500 7,499 (+0.8%), Dow 52,319 (+0.3%), gold 4,022 (-0.2%), WTI oil 70.03 (-0.6%), US 10-year 4.42%, dollar index 101.2 (flat).

Also from ALT/FNDATA:
- Open Bid — tomorrow 

]]> June 30: As H1 Ends, the Two Luxury Markets Finish in Opposite Places; Kering Slides While Christie's Paris Jewels Double Their Estimate
Tonight, the first half of the year closes with the two markets we track in opposite places. The listed luxury names limped to the line, with another soft session led by Kering, while the saleroom ended the half at its highs, Christie's Paris jewels doubling their estimate today after London's biggest auction haul in a decade last week.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/book
- Market reports: https://altfndata.com/go/cp-260630-r
- Podcast episodes: https://altfndata.com/go/cp-260630-p

A Half That Ends in Two Places
- Listed luxury closed the first half deep in the red. On a day the broad market rose (Nasdaq +1.5%, S&P +0.8%), the European luxury complex sold off hard, led by Kering down almost 7 percent, with LVMH, Richemont, Swatch, Burberry and Hermès all lower.
- The saleroom closed the half at records: Christie's Paris jewelry sale totaled 10.5 million euros, double its estimate, after London delivered its biggest summer haul in a decade last week.

A Notable Quarter-End
- Oil headed for a quarterly drop of around 20 percent, the yen touched a 40-year low against the dollar, and Iran stirred fresh tension with talk of controlling the Strait of Hormuz, even as the broad market took it in stride.

The Divergence
- The listed luxury market and the real one ended the half apart. The equity tape trades on macro and flows; the demand it represents shows up in the saleroom, and the saleroom is at its highs.
- The test into H2: if auction prices stay at these highs, the beaten-down luxury stocks are simply too cheap and recover; if auction prices fall, the stock selloff was the early warning of weaker demand. Tonight, with the saleroom at its highs, the demand side is winning.

The Board (Tuesday close)
- European luxury: Brunello Cucinelli 82.60 EUR (+0.83%), Watches of Switzerland 709.0p (+0.21%), Hermès 1,598.0 EUR (-1.08%), LVMH 484.10 EUR (-1.67%), Richemont 186.55 CHF (-1.76%), Swatch 197.60 CHF (-2.18%), Burberry 1,062.0p (-4.19%), Kering 247.30 EUR (-6.91%).
- US-listed: Tapestry 146.38 (+0.26%), Movado 39.31 (-0.68%), Canada Goose 9.51 (-1.65%), Birkenstock 43.03 (-3.13%), Capri 18.57 (-4.18%).
- Macro (today's move vs yesterday's close): Nasdaq 26,214 (+1.5%), S&P 500 7,499 (+0.8%), Dow 52,319 (+0.3%), gold 4,022 (-0.2%), WTI oil 70.03 (-0.6%), US 10-year 4.42%, dollar index 101.2 (flat).

Also from ALT/FNDATA:
- Open Bid — tomorrow 

]]> Tue, 30 Jun 2026 21:25:49 -0400 ALT/FNDATA ALT/FNDATA 304 June 30: As H1 Ends, the Two Luxury Markets Finish in Opposite Places; Kering Slides While Christie's Paris Jewels Double Their Estimate
Tonight, the first half of the year closes with the two markets we track in opposite places. The listed luxury names limped to the line, with another soft session led by Kering, while the saleroom ended the half at its highs, Christie's Paris jewels doubling their estimate today after London's biggest auction haul in a decade last week.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/book
- Market reports: https://altfndata.com/go/cp-260630-r
- Podcast episodes: https://altfndata.com/go/cp-260630-p

A Half That Ends in Two Places
- Listed luxury closed the first half deep in the red. On a day the broad market rose (Nasdaq +1.5%, S&P +0.8%), the European luxury complex sold off hard, led by Kering down almost 7 percent, with LVMH, Richemont, Swatch, Burberry and Hermès all lower.
- The saleroom closed the half at records: Christie's Paris jewelry sale totaled 10.5 million euros, double its estimate, after London delivered its biggest summer haul in a decade last week.

A Notable Quarter-End
- Oil headed for a quarterly drop of around 20 percent, the yen touched a 40-year low against the dollar, and Iran stirred fresh tension with talk of controlling the Strait of Hormuz, even as the broad market took it in stride.

The Divergence
- The listed luxury market and the real one ended the half apart. The equity tape trades on macro and flows; the demand it represents shows up in the saleroom, and the saleroom is at its highs.
- The test into H2: if auction prices stay at these highs, the beaten-down luxury stocks are simply too cheap and recover; if auction prices fall, the stock selloff was the early warning of weaker demand. Tonight, with the saleroom at its highs, the demand side is winning.

The Board (Tuesday close)
- European luxury: Brunello Cucinelli 82.60 EUR (+0.83%), Watches of Switzerland 709.0p (+0.21%), Hermès 1,598.0 EUR (-1.08%), LVMH 484.10 EUR (-1.67%), Richemont 186.55 CHF (-1.76%), Swatch 197.60 CHF (-2.18%), Burberry 1,062.0p (-4.19%), Kering 247.30 EUR (-6.91%).
- US-listed: Tapestry 146.38 (+0.26%), Movado 39.31 (-0.68%), Canada Goose 9.51 (-1.65%), Birkenstock 43.03 (-3.13%), Capri 18.57 (-4.18%).
- Macro (today's move vs yesterday's close): Nasdaq 26,214 (+1.5%), S&P 500 7,499 (+0.8%), Dow 52,319 (+0.3%), gold 4,022 (-0.2%), WTI oil 70.03 (-0.6%), US 10-year 4.42%, dollar index 101.2 (flat).

Also from ALT/FNDATA:
- Open Bid — tomorrow 

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi On a Risk-On Day, LVMH, Hermès and Kering Slipped While the Nasdaq Jumped; the Demand Signal Is in the Resale Saleroom with New Highs 21 21 On a Risk-On Day, LVMH, Hermès and Kering Slipped While the Nasdaq Jumped; the Demand Signal Is in the Resale Saleroom with New Highs full fdc5fbb9-859b-4f44-89d1-f9193d62913e https://share.transistor.fm/s/2f0c6d3f June 29: On a Risk-On Day, LVMH, Hermès and Kering Slipped While the Nasdaq Jumped; the Demand Signal Is in the Resale Saleroom with New Highs
The two forces that drove last week's luxury selloff both eased, the US and Iran stepped back and the AI trade roared back, and the broad market rallied nearly 2 percent. Yet the luxury mega-caps slipped. Luxury was never an AI trade, so neither last week's tech-led selloff nor today's tech-led bounce measured luxury demand. The one thing that did, the saleroom, set fresh records today.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/book
- Market reports: https://altfndata.com/go/cp-260629-r
- Podcast episodes: https://altfndata.com/go/cp-260629-p

Luxury Sat Out the Rally
- The macro turned risk-on: the Nasdaq closed up 1.8 percent on the AI and chip rebound, gold fell, oil firmed, the dollar slipped, with US-Iran tension easing.
- But the luxury giants lagged. LVMH closed down 0.7 percent, Hermès down two-thirds of a percent, Kering down half a percent, even as the broad market surged. Richemont (+1.7%), Brunello and Burberry were the exceptions.

The Demand Floor Made New Records
- While the equity tape chased the AI rebound, the saleroom printed records. London's summer auctions delivered the city's biggest haul in a decade, led by a 63.9 million dollar Modigliani; Christie's set a world record for an online handbag sale in Paris.
- Real luxury demand shows up at auction, and it made new highs on the very day the listed names slipped.

The Divergence
- Today was not the equities converging up toward demand. The broad market rallied on tech, the luxury mega-caps lagged, and the resale market made records. The equity tape trades on macro and sector flows; the demand it represents shows up in the saleroom.
- The test is unchanged: watch the resale series. If it holds at these highs, last week's selloff was macro and the mega-caps catch up. If it rolls over, that is the warning.

The Board (Monday close)
- European luxury: Richemont 189.90 CHF (+1.66%), Brunello Cucinelli 82.58 EUR (+1.77%), Burberry 1,095.0p (+1.11%), Swatch 202.0 CHF (-0.30%), Kering 265.65 EUR (-0.52%), Hermès 1,615.5 EUR (-0.65%), LVMH 492.30 EUR (-0.70%), Watches of Switzerland 703.0p (-0.71%).
- US-listed: Movado 39.42 (+3.49%), Canada Goose 9.45 (+1.83%), Capri 19.00 (+0.74%), Tapestry 146.56 (+0.38%), Birkenstock 43.41 (-2.49%).
- Macro: Nasdaq 25,820 (+1.82%), S&P 500 7,440 (+1.13%), Dow 52,183 (+0.50%), gold 4,032 (-1.56%), WTI oil 70.48 (+1.81%), US 10-year 4.37%, dollar index 101.1 (-0.26%).

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET
- Art Market — tomorrow (Tuesday), the week in the art world

]]> June 29: On a Risk-On Day, LVMH, Hermès and Kering Slipped While the Nasdaq Jumped; the Demand Signal Is in the Resale Saleroom with New Highs
The two forces that drove last week's luxury selloff both eased, the US and Iran stepped back and the AI trade roared back, and the broad market rallied nearly 2 percent. Yet the luxury mega-caps slipped. Luxury was never an AI trade, so neither last week's tech-led selloff nor today's tech-led bounce measured luxury demand. The one thing that did, the saleroom, set fresh records today.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/book
- Market reports: https://altfndata.com/go/cp-260629-r
- Podcast episodes: https://altfndata.com/go/cp-260629-p

Luxury Sat Out the Rally
- The macro turned risk-on: the Nasdaq closed up 1.8 percent on the AI and chip rebound, gold fell, oil firmed, the dollar slipped, with US-Iran tension easing.
- But the luxury giants lagged. LVMH closed down 0.7 percent, Hermès down two-thirds of a percent, Kering down half a percent, even as the broad market surged. Richemont (+1.7%), Brunello and Burberry were the exceptions.

The Demand Floor Made New Records
- While the equity tape chased the AI rebound, the saleroom printed records. London's summer auctions delivered the city's biggest haul in a decade, led by a 63.9 million dollar Modigliani; Christie's set a world record for an online handbag sale in Paris.
- Real luxury demand shows up at auction, and it made new highs on the very day the listed names slipped.

The Divergence
- Today was not the equities converging up toward demand. The broad market rallied on tech, the luxury mega-caps lagged, and the resale market made records. The equity tape trades on macro and sector flows; the demand it represents shows up in the saleroom.
- The test is unchanged: watch the resale series. If it holds at these highs, last week's selloff was macro and the mega-caps catch up. If it rolls over, that is the warning.

The Board (Monday close)
- European luxury: Richemont 189.90 CHF (+1.66%), Brunello Cucinelli 82.58 EUR (+1.77%), Burberry 1,095.0p (+1.11%), Swatch 202.0 CHF (-0.30%), Kering 265.65 EUR (-0.52%), Hermès 1,615.5 EUR (-0.65%), LVMH 492.30 EUR (-0.70%), Watches of Switzerland 703.0p (-0.71%).
- US-listed: Movado 39.42 (+3.49%), Canada Goose 9.45 (+1.83%), Capri 19.00 (+0.74%), Tapestry 146.56 (+0.38%), Birkenstock 43.41 (-2.49%).
- Macro: Nasdaq 25,820 (+1.82%), S&P 500 7,440 (+1.13%), Dow 52,183 (+0.50%), gold 4,032 (-1.56%), WTI oil 70.48 (+1.81%), US 10-year 4.37%, dollar index 101.1 (-0.26%).

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET
- Art Market — tomorrow (Tuesday), the week in the art world

]]> Mon, 29 Jun 2026 20:15:14 -0400 ALT/FNDATA ALT/FNDATA 301 June 29: On a Risk-On Day, LVMH, Hermès and Kering Slipped While the Nasdaq Jumped; the Demand Signal Is in the Resale Saleroom with New Highs
The two forces that drove last week's luxury selloff both eased, the US and Iran stepped back and the AI trade roared back, and the broad market rallied nearly 2 percent. Yet the luxury mega-caps slipped. Luxury was never an AI trade, so neither last week's tech-led selloff nor today's tech-led bounce measured luxury demand. The one thing that did, the saleroom, set fresh records today.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/book
- Market reports: https://altfndata.com/go/cp-260629-r
- Podcast episodes: https://altfndata.com/go/cp-260629-p

Luxury Sat Out the Rally
- The macro turned risk-on: the Nasdaq closed up 1.8 percent on the AI and chip rebound, gold fell, oil firmed, the dollar slipped, with US-Iran tension easing.
- But the luxury giants lagged. LVMH closed down 0.7 percent, Hermès down two-thirds of a percent, Kering down half a percent, even as the broad market surged. Richemont (+1.7%), Brunello and Burberry were the exceptions.

The Demand Floor Made New Records
- While the equity tape chased the AI rebound, the saleroom printed records. London's summer auctions delivered the city's biggest haul in a decade, led by a 63.9 million dollar Modigliani; Christie's set a world record for an online handbag sale in Paris.
- Real luxury demand shows up at auction, and it made new highs on the very day the listed names slipped.

The Divergence
- Today was not the equities converging up toward demand. The broad market rallied on tech, the luxury mega-caps lagged, and the resale market made records. The equity tape trades on macro and sector flows; the demand it represents shows up in the saleroom.
- The test is unchanged: watch the resale series. If it holds at these highs, last week's selloff was macro and the mega-caps catch up. If it rolls over, that is the warning.

The Board (Monday close)
- European luxury: Richemont 189.90 CHF (+1.66%), Brunello Cucinelli 82.58 EUR (+1.77%), Burberry 1,095.0p (+1.11%), Swatch 202.0 CHF (-0.30%), Kering 265.65 EUR (-0.52%), Hermès 1,615.5 EUR (-0.65%), LVMH 492.30 EUR (-0.70%), Watches of Switzerland 703.0p (-0.71%).
- US-listed: Movado 39.42 (+3.49%), Canada Goose 9.45 (+1.83%), Capri 19.00 (+0.74%), Tapestry 146.56 (+0.38%), Birkenstock 43.41 (-2.49%).
- Macro: Nasdaq 25,820 (+1.82%), S&P 500 7,440 (+1.13%), Dow 52,183 (+0.50%), gold 4,032 (-1.56%), WTI oil 70.48 (+1.81%), US 10-year 4.37%, dollar index 101.1 (-0.26%).

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET
- Art Market — tomorrow (Tuesday), the week in the art world

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi 5 Days, 1 Lesson: the Selloff Was Macro, Not Demand; the Watch Retailers Turn; Pandora's Standout Run; the AI Rout May Be Ending 20 20 5 Days, 1 Lesson: the Selloff Was Macro, Not Demand; the Watch Retailers Turn; Pandora's Standout Run; the AI Rout May Be Ending full 2039bd1b-ab2b-484d-a85c-7e8af8f48177 https://share.transistor.fm/s/13ce9bf6 June 26: Five Days, One Lesson: the Selloff Was Macro, Not Demand; the Watch Retailers Turn; Pandora's Standout Run; the AI Rout May Be Ending
This was the week our central thesis got stress-tested, and it held: the luxury equities went on a violent round trip, sold off hard then clawed most of it back, while the resale market that actually measures demand never moved from its highs.

ALT/FNDATA
- Book a Sandbox demo: https://altfndata.com/go/cp-260626
- Market reports: https://altfndata.com/go/cp-260626-r
- Podcast episodes: https://altfndata.com/go/cp-260626-p

The week in review:
- A round trip. Monday and Tuesday, luxury equities were dumped with everything else, as a deepening AI-driven tech selloff dragged the Nasdaq lower, gold fell more than 6 percent on the week, and oil collapsed back below 70 dollars. The European luxury complex fell as much as 6 percent at its worst.
- The decoupling. On Wednesday, luxury rallied even as the broad market kept falling, the first sign the de-rating had found a floor. On Thursday the recovery broadened to the last holdouts, the listed watch retailers, which had slid for three straight sessions before finally turning.
- Standout and laggard. Pandora was the week's clear winner, climbing almost every session to fresh highs. Watches of Switzerland and Swatch were the laggards, under pressure most of the week before stabilizing.
- The constant. The resale market never flinched. It held flat at its cycle highs from Monday to Friday, and the saleroom kept producing trophies (a $63.9M Modigliani in London this week). The equities were pricing macro, rates, risk, and a tech-led liquidation, not a demand problem.
- The tell for next week. After Thursday's close, blowout Micron earnings sparked a ~400 billion dollar AI-chip rally, the first hint the rout that drove all this may be ending. Watch the resale series: it has been right all week.

Where it stands (latest close, Thursday June 25):
- European luxury: LVMH 494.40 euros, Hermès 1,613.50 euros, Richemont 186.35 Swiss francs, Kering 267.90 euros, Swatch 206.20 Swiss francs, Watches of Switzerland 708.0 pence, Pandora 709.00 Danish kroner (the week's standout).
- Friday's session was quiet and mixed into the open.

Also from ALT/FNDATA:
- Open Bid returns Monday at 6 AM ET

]]> June 26: Five Days, One Lesson: the Selloff Was Macro, Not Demand; the Watch Retailers Turn; Pandora's Standout Run; the AI Rout May Be Ending
This was the week our central thesis got stress-tested, and it held: the luxury equities went on a violent round trip, sold off hard then clawed most of it back, while the resale market that actually measures demand never moved from its highs.

ALT/FNDATA
- Book a Sandbox demo: https://altfndata.com/go/cp-260626
- Market reports: https://altfndata.com/go/cp-260626-r
- Podcast episodes: https://altfndata.com/go/cp-260626-p

The week in review:
- A round trip. Monday and Tuesday, luxury equities were dumped with everything else, as a deepening AI-driven tech selloff dragged the Nasdaq lower, gold fell more than 6 percent on the week, and oil collapsed back below 70 dollars. The European luxury complex fell as much as 6 percent at its worst.
- The decoupling. On Wednesday, luxury rallied even as the broad market kept falling, the first sign the de-rating had found a floor. On Thursday the recovery broadened to the last holdouts, the listed watch retailers, which had slid for three straight sessions before finally turning.
- Standout and laggard. Pandora was the week's clear winner, climbing almost every session to fresh highs. Watches of Switzerland and Swatch were the laggards, under pressure most of the week before stabilizing.
- The constant. The resale market never flinched. It held flat at its cycle highs from Monday to Friday, and the saleroom kept producing trophies (a $63.9M Modigliani in London this week). The equities were pricing macro, rates, risk, and a tech-led liquidation, not a demand problem.
- The tell for next week. After Thursday's close, blowout Micron earnings sparked a ~400 billion dollar AI-chip rally, the first hint the rout that drove all this may be ending. Watch the resale series: it has been right all week.

Where it stands (latest close, Thursday June 25):
- European luxury: LVMH 494.40 euros, Hermès 1,613.50 euros, Richemont 186.35 Swiss francs, Kering 267.90 euros, Swatch 206.20 Swiss francs, Watches of Switzerland 708.0 pence, Pandora 709.00 Danish kroner (the week's standout).
- Friday's session was quiet and mixed into the open.

Also from ALT/FNDATA:
- Open Bid returns Monday at 6 AM ET

]]> Fri, 26 Jun 2026 18:41:42 -0400 ALT/FNDATA ALT/FNDATA 279 June 26: Five Days, One Lesson: the Selloff Was Macro, Not Demand; the Watch Retailers Turn; Pandora's Standout Run; the AI Rout May Be Ending
This was the week our central thesis got stress-tested, and it held: the luxury equities went on a violent round trip, sold off hard then clawed most of it back, while the resale market that actually measures demand never moved from its highs.

ALT/FNDATA
- Book a Sandbox demo: https://altfndata.com/go/cp-260626
- Market reports: https://altfndata.com/go/cp-260626-r
- Podcast episodes: https://altfndata.com/go/cp-260626-p

The week in review:
- A round trip. Monday and Tuesday, luxury equities were dumped with everything else, as a deepening AI-driven tech selloff dragged the Nasdaq lower, gold fell more than 6 percent on the week, and oil collapsed back below 70 dollars. The European luxury complex fell as much as 6 percent at its worst.
- The decoupling. On Wednesday, luxury rallied even as the broad market kept falling, the first sign the de-rating had found a floor. On Thursday the recovery broadened to the last holdouts, the listed watch retailers, which had slid for three straight sessions before finally turning.
- Standout and laggard. Pandora was the week's clear winner, climbing almost every session to fresh highs. Watches of Switzerland and Swatch were the laggards, under pressure most of the week before stabilizing.
- The constant. The resale market never flinched. It held flat at its cycle highs from Monday to Friday, and the saleroom kept producing trophies (a $63.9M Modigliani in London this week). The equities were pricing macro, rates, risk, and a tech-led liquidation, not a demand problem.
- The tell for next week. After Thursday's close, blowout Micron earnings sparked a ~400 billion dollar AI-chip rally, the first hint the rout that drove all this may be ending. Watch the resale series: it has been right all week.

Where it stands (latest close, Thursday June 25):
- European luxury: LVMH 494.40 euros, Hermès 1,613.50 euros, Richemont 186.35 Swiss francs, Kering 267.90 euros, Swatch 206.20 Swiss francs, Watches of Switzerland 708.0 pence, Pandora 709.00 Danish kroner (the week's standout).
- Friday's session was quiet and mixed into the open.

Also from ALT/FNDATA:
- Open Bid returns Monday at 6 AM ET

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi European Luxury Rises as Tech Falls a Fourth Day; Watches of Switzerland Snaps a 3-Day Slide; the Resale Anchor Holds 19 19 European Luxury Rises as Tech Falls a Fourth Day; Watches of Switzerland Snaps a 3-Day Slide; the Resale Anchor Holds full 188d261d-598d-4848-9800-0f99f70b2a61 https://share.transistor.fm/s/f60f17fc June 25: European Luxury Rises as Tech Falls a Fourth Day; Watches of Switzerland Snaps a 3-Day Slide; the Resale Anchor Holds
Last night we asked whether the luxury bounce would broaden to the listed watch retailers and hold. Tonight: it did. For a second straight session, European luxury rose even as the broad market fell again, and the watch retailers, down three days running, finally turned. The floor we flagged is looking real, exactly as our resale data implied.

ALT/FNDATA
- Book a Sandbox demo: https://altfndata.com/go/cp-260625
- Market reports: https://altfndata.com/go/cp-260625-r
- Podcast episodes: https://altfndata.com/go/cp-260625-p

The signal:
- A thesis confirmed. Monday and Tuesday, luxury equities were oversold on the macro. Yesterday they bounced narrowly; today the bounce broadened to the last holdouts, the watch names. The de-rating was about rates and risk, not demand.
- The macro stayed under pressure into the US close (Nasdaq down 2.5 percent, a fourth day of the AI selloff; gold down ~3 percent; oil down ~5 percent), yet European luxury decoupled upward again, with the watch names turning: Swatch +1.6 percent, Watches of Switzerland +0.6 percent (first up day in four).
- The tell for tomorrow: after the close, Micron's blowout earnings ignited a ~400 billion dollar AI-chip rally across Asia, the first sign the week's tech rout may be ending. If the macro headwind lifts, the luxury floor only firms.
- The resale market never moved. Through four whipsaw sessions it has sat at cycle highs. The equities were pricing rates and a tech liquidation, not a demand problem, and are now converging back toward the demand our data measures. The test flips from "will the bounce broaden?" to "does it stick?"

The board (today's close):
- European luxury: LVMH 494.40 euros (+0.3%), Hermès 1,613.50 euros (-0.9%), Richemont 186.35 Swiss francs (+0.5%), Kering 267.90 euros (+1.0%), Brunello Cucinelli 81.14 euros (-1.5%), Burberry 1,083.0 pence (+1.2%), Swatch 206.20 Swiss francs (+1.6%), Watches of Switzerland 708.0 pence (+0.6%), Pandora 709.00 Danish kroner (+3.0%).
- US-listed: Tapestry 146.00 dollars (-3.0%), Capri 18.86 dollars (-1.5%), Signet 83.63 dollars (-1.5%), Movado 38.09 dollars (-1.6%), Ferrari 352.20 dollars (+2.1%).
- Macro: Nasdaq down 2.6 percent, S&P 500 down 0.8 percent, gold about 4,041 dollars an ounce (down 3.4 percent), WTI crude 71.47 dollars (down 4.5 percent), the dollar index 101.4 (up 0.4 percent), US 10-year yield about 4.4 percent.

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET

]]> June 25: European Luxury Rises as Tech Falls a Fourth Day; Watches of Switzerland Snaps a 3-Day Slide; the Resale Anchor Holds
Last night we asked whether the luxury bounce would broaden to the listed watch retailers and hold. Tonight: it did. For a second straight session, European luxury rose even as the broad market fell again, and the watch retailers, down three days running, finally turned. The floor we flagged is looking real, exactly as our resale data implied.

ALT/FNDATA
- Book a Sandbox demo: https://altfndata.com/go/cp-260625
- Market reports: https://altfndata.com/go/cp-260625-r
- Podcast episodes: https://altfndata.com/go/cp-260625-p

The signal:
- A thesis confirmed. Monday and Tuesday, luxury equities were oversold on the macro. Yesterday they bounced narrowly; today the bounce broadened to the last holdouts, the watch names. The de-rating was about rates and risk, not demand.
- The macro stayed under pressure into the US close (Nasdaq down 2.5 percent, a fourth day of the AI selloff; gold down ~3 percent; oil down ~5 percent), yet European luxury decoupled upward again, with the watch names turning: Swatch +1.6 percent, Watches of Switzerland +0.6 percent (first up day in four).
- The tell for tomorrow: after the close, Micron's blowout earnings ignited a ~400 billion dollar AI-chip rally across Asia, the first sign the week's tech rout may be ending. If the macro headwind lifts, the luxury floor only firms.
- The resale market never moved. Through four whipsaw sessions it has sat at cycle highs. The equities were pricing rates and a tech liquidation, not a demand problem, and are now converging back toward the demand our data measures. The test flips from "will the bounce broaden?" to "does it stick?"

The board (today's close):
- European luxury: LVMH 494.40 euros (+0.3%), Hermès 1,613.50 euros (-0.9%), Richemont 186.35 Swiss francs (+0.5%), Kering 267.90 euros (+1.0%), Brunello Cucinelli 81.14 euros (-1.5%), Burberry 1,083.0 pence (+1.2%), Swatch 206.20 Swiss francs (+1.6%), Watches of Switzerland 708.0 pence (+0.6%), Pandora 709.00 Danish kroner (+3.0%).
- US-listed: Tapestry 146.00 dollars (-3.0%), Capri 18.86 dollars (-1.5%), Signet 83.63 dollars (-1.5%), Movado 38.09 dollars (-1.6%), Ferrari 352.20 dollars (+2.1%).
- Macro: Nasdaq down 2.6 percent, S&P 500 down 0.8 percent, gold about 4,041 dollars an ounce (down 3.4 percent), WTI crude 71.47 dollars (down 4.5 percent), the dollar index 101.4 (up 0.4 percent), US 10-year yield about 4.4 percent.

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET

]]> Thu, 25 Jun 2026 22:54:38 -0400 ALT/FNDATA ALT/FNDATA 311 June 25: European Luxury Rises as Tech Falls a Fourth Day; Watches of Switzerland Snaps a 3-Day Slide; the Resale Anchor Holds
Last night we asked whether the luxury bounce would broaden to the listed watch retailers and hold. Tonight: it did. For a second straight session, European luxury rose even as the broad market fell again, and the watch retailers, down three days running, finally turned. The floor we flagged is looking real, exactly as our resale data implied.

ALT/FNDATA
- Book a Sandbox demo: https://altfndata.com/go/cp-260625
- Market reports: https://altfndata.com/go/cp-260625-r
- Podcast episodes: https://altfndata.com/go/cp-260625-p

The signal:
- A thesis confirmed. Monday and Tuesday, luxury equities were oversold on the macro. Yesterday they bounced narrowly; today the bounce broadened to the last holdouts, the watch names. The de-rating was about rates and risk, not demand.
- The macro stayed under pressure into the US close (Nasdaq down 2.5 percent, a fourth day of the AI selloff; gold down ~3 percent; oil down ~5 percent), yet European luxury decoupled upward again, with the watch names turning: Swatch +1.6 percent, Watches of Switzerland +0.6 percent (first up day in four).
- The tell for tomorrow: after the close, Micron's blowout earnings ignited a ~400 billion dollar AI-chip rally across Asia, the first sign the week's tech rout may be ending. If the macro headwind lifts, the luxury floor only firms.
- The resale market never moved. Through four whipsaw sessions it has sat at cycle highs. The equities were pricing rates and a tech liquidation, not a demand problem, and are now converging back toward the demand our data measures. The test flips from "will the bounce broaden?" to "does it stick?"

The board (today's close):
- European luxury: LVMH 494.40 euros (+0.3%), Hermès 1,613.50 euros (-0.9%), Richemont 186.35 Swiss francs (+0.5%), Kering 267.90 euros (+1.0%), Brunello Cucinelli 81.14 euros (-1.5%), Burberry 1,083.0 pence (+1.2%), Swatch 206.20 Swiss francs (+1.6%), Watches of Switzerland 708.0 pence (+0.6%), Pandora 709.00 Danish kroner (+3.0%).
- US-listed: Tapestry 146.00 dollars (-3.0%), Capri 18.86 dollars (-1.5%), Signet 83.63 dollars (-1.5%), Movado 38.09 dollars (-1.6%), Ferrari 352.20 dollars (+2.1%).
- Macro: Nasdaq down 2.6 percent, S&P 500 down 0.8 percent, gold about 4,041 dollars an ounce (down 3.4 percent), WTI crude 71.47 dollars (down 4.5 percent), the dollar index 101.4 (up 0.4 percent), US 10-year yield about 4.4 percent.

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi The Luxury De-Rate Finds a Floor; Richemont +4% and Pandora +6% as Tech Routs Again; Watch Retailers the Lone Holdout 18 18 The Luxury De-Rate Finds a Floor; Richemont +4% and Pandora +6% as Tech Routs Again; Watch Retailers the Lone Holdout full 320cbbca-a280-4848-a0c8-d3f7b642e1c7 https://share.transistor.fm/s/313f03c9 June 24: The Luxury De-Rate Finds a Floor; Richemont +4% and Pandora +6% as Tech Routs Again; Watch Retailers the Lone Holdout
After two days of falling with the macro, the luxury equities decoupled and rallied, even as the tech selloff deepened and gold and oil cratered. The first sign the de-rating is finding a floor, which fits what our resale data has said all along: the selling was about rates and risk, not demand. The lone holdout was the listed watch retailers, down a third straight day.

ALT/FNDATA
- Book a Sandbox demo: https://altfndata.com/go/cp-260624
- Market reports: https://altfndata.com/go/cp-260624-r
- Podcast episodes: https://altfndata.com/go/cp-260624-p

The signal:
- The macro stayed ugly: the Nasdaq fell another 3.4 percent on deepening AI-spending fears, gold broke below 4,100 dollars, and oil collapsed almost 9 percent under 70 dollars. Yet European luxury went the other way, with Richemont up 4 percent, Pandora up almost 6 percent, and LVMH, Hermès, and Kering each up 1 to 2 percent.
- The exception: the listed watch retailers kept sliding. Watches of Switzerland fell for a third straight session, with Swatch, Signet, and Movado all lower. The watch names are being singled out even on an up day for luxury.
- The resale market has not moved. Through three volatile sessions, the top of our database has sat at its cycle highs: a watch at 10.8 million dollars, a jewel at about 25.6 million, a Birkin near half a million, plus a recent Phillips New York sale that was the highest-grossing watch auction in US history.
- The test: watch whether the bounce broadens to the watch retailers and holds, and whether the resale series stays firm. If resale holds, the floor is real and the de-rating was a macro story. If resale rolls over, the watch retailers were the early warning and the bounce is a trap.

The board (today's close):
- European luxury: LVMH 493.00 euros (up 1.9 percent), Hermès 1,629.00 euros (up 1.5 percent), Richemont 185.50 Swiss francs (up 4.0 percent), Kering 265.35 euros (up 1.0 percent), Brunello Cucinelli 82.42 euros (up 0.7 percent), Burberry 1,085.0 pence (down 1.6 percent), Swatch 202.90 Swiss francs (down 0.7 percent), Watches of Switzerland 707.5 pence (down 1.7 percent), Pandora 688.60 Danish kroner (up 5.6 percent).
- US-listed: Tapestry 149.75 dollars (up 0.4 percent), Capri 19.13 dollars (down 1.7 percent), Signet 85.09 dollars (down 1.9 percent), Movado 37.99 dollars (down 3.2 percent), Ferrari 348.75 dollars (up 0.1 percent).
- Macro: Nasdaq down 3.4 percent, S&P 500 down 2.0 percent, gold about 4,014 dollars an ounce (down 5.0 percent, below 4,100), WTI crude 69.87 dollars (down 8.8 percent, below 70), US 10-year yield about 4.4 percent, the dollar index near a one-year high.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET

]]> June 24: The Luxury De-Rate Finds a Floor; Richemont +4% and Pandora +6% as Tech Routs Again; Watch Retailers the Lone Holdout
After two days of falling with the macro, the luxury equities decoupled and rallied, even as the tech selloff deepened and gold and oil cratered. The first sign the de-rating is finding a floor, which fits what our resale data has said all along: the selling was about rates and risk, not demand. The lone holdout was the listed watch retailers, down a third straight day.

ALT/FNDATA
- Book a Sandbox demo: https://altfndata.com/go/cp-260624
- Market reports: https://altfndata.com/go/cp-260624-r
- Podcast episodes: https://altfndata.com/go/cp-260624-p

The signal:
- The macro stayed ugly: the Nasdaq fell another 3.4 percent on deepening AI-spending fears, gold broke below 4,100 dollars, and oil collapsed almost 9 percent under 70 dollars. Yet European luxury went the other way, with Richemont up 4 percent, Pandora up almost 6 percent, and LVMH, Hermès, and Kering each up 1 to 2 percent.
- The exception: the listed watch retailers kept sliding. Watches of Switzerland fell for a third straight session, with Swatch, Signet, and Movado all lower. The watch names are being singled out even on an up day for luxury.
- The resale market has not moved. Through three volatile sessions, the top of our database has sat at its cycle highs: a watch at 10.8 million dollars, a jewel at about 25.6 million, a Birkin near half a million, plus a recent Phillips New York sale that was the highest-grossing watch auction in US history.
- The test: watch whether the bounce broadens to the watch retailers and holds, and whether the resale series stays firm. If resale holds, the floor is real and the de-rating was a macro story. If resale rolls over, the watch retailers were the early warning and the bounce is a trap.

The board (today's close):
- European luxury: LVMH 493.00 euros (up 1.9 percent), Hermès 1,629.00 euros (up 1.5 percent), Richemont 185.50 Swiss francs (up 4.0 percent), Kering 265.35 euros (up 1.0 percent), Brunello Cucinelli 82.42 euros (up 0.7 percent), Burberry 1,085.0 pence (down 1.6 percent), Swatch 202.90 Swiss francs (down 0.7 percent), Watches of Switzerland 707.5 pence (down 1.7 percent), Pandora 688.60 Danish kroner (up 5.6 percent).
- US-listed: Tapestry 149.75 dollars (up 0.4 percent), Capri 19.13 dollars (down 1.7 percent), Signet 85.09 dollars (down 1.9 percent), Movado 37.99 dollars (down 3.2 percent), Ferrari 348.75 dollars (up 0.1 percent).
- Macro: Nasdaq down 3.4 percent, S&P 500 down 2.0 percent, gold about 4,014 dollars an ounce (down 5.0 percent, below 4,100), WTI crude 69.87 dollars (down 8.8 percent, below 70), US 10-year yield about 4.4 percent, the dollar index near a one-year high.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET

]]> Wed, 24 Jun 2026 20:27:26 -0400 ALT/FNDATA ALT/FNDATA 316 June 24: The Luxury De-Rate Finds a Floor; Richemont +4% and Pandora +6% as Tech Routs Again; Watch Retailers the Lone Holdout
After two days of falling with the macro, the luxury equities decoupled and rallied, even as the tech selloff deepened and gold and oil cratered. The first sign the de-rating is finding a floor, which fits what our resale data has said all along: the selling was about rates and risk, not demand. The lone holdout was the listed watch retailers, down a third straight day.

ALT/FNDATA
- Book a Sandbox demo: https://altfndata.com/go/cp-260624
- Market reports: https://altfndata.com/go/cp-260624-r
- Podcast episodes: https://altfndata.com/go/cp-260624-p

The signal:
- The macro stayed ugly: the Nasdaq fell another 3.4 percent on deepening AI-spending fears, gold broke below 4,100 dollars, and oil collapsed almost 9 percent under 70 dollars. Yet European luxury went the other way, with Richemont up 4 percent, Pandora up almost 6 percent, and LVMH, Hermès, and Kering each up 1 to 2 percent.
- The exception: the listed watch retailers kept sliding. Watches of Switzerland fell for a third straight session, with Swatch, Signet, and Movado all lower. The watch names are being singled out even on an up day for luxury.
- The resale market has not moved. Through three volatile sessions, the top of our database has sat at its cycle highs: a watch at 10.8 million dollars, a jewel at about 25.6 million, a Birkin near half a million, plus a recent Phillips New York sale that was the highest-grossing watch auction in US history.
- The test: watch whether the bounce broadens to the watch retailers and holds, and whether the resale series stays firm. If resale holds, the floor is real and the de-rating was a macro story. If resale rolls over, the watch retailers were the early warning and the bounce is a trap.

The board (today's close):
- European luxury: LVMH 493.00 euros (up 1.9 percent), Hermès 1,629.00 euros (up 1.5 percent), Richemont 185.50 Swiss francs (up 4.0 percent), Kering 265.35 euros (up 1.0 percent), Brunello Cucinelli 82.42 euros (up 0.7 percent), Burberry 1,085.0 pence (down 1.6 percent), Swatch 202.90 Swiss francs (down 0.7 percent), Watches of Switzerland 707.5 pence (down 1.7 percent), Pandora 688.60 Danish kroner (up 5.6 percent).
- US-listed: Tapestry 149.75 dollars (up 0.4 percent), Capri 19.13 dollars (down 1.7 percent), Signet 85.09 dollars (down 1.9 percent), Movado 37.99 dollars (down 3.2 percent), Ferrari 348.75 dollars (up 0.1 percent).
- Macro: Nasdaq down 3.4 percent, S&P 500 down 2.0 percent, gold about 4,014 dollars an ounce (down 5.0 percent, below 4,100), WTI crude 69.87 dollars (down 8.8 percent, below 70), US 10-year yield about 4.4 percent, the dollar index near a one-year high.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi Watch and Jewelry Retailers Sink on a Fed-Hike Scare; the Resale Market Holds at Its Highs; Tapestry +5% as Capri −6% 17 17 Watch and Jewelry Retailers Sink on a Fed-Hike Scare; the Resale Market Holds at Its Highs; Tapestry +5% as Capri −6% full b9b95e18-3837-466c-9080-d5bca5474e8c https://share.transistor.fm/s/58e2a374 June 23: Watch and Jewelry Retailers Sink on a Fed-Hike Scare; the Resale Market Holds at Its Highs; Tapestry +5% as Capri −6%
Today's signal: the listed watch and jewelry retailers were among the hardest hit in a broad, macro-driven selloff, yet the resale market for the very same goods sits at its cycle highs.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260623
- Market reports: https://altfndata.com/go/cp-260623-r
- Podcast episodes: https://altfndata.com/go/cp-260623-p


The signal:
- A hawkish repricing drove everything down but the dollar. Bank of America and Deutsche Bank both said they now expect a Federal Reserve rate hike in September, sending the dollar to a one-year high and the 10-year yield toward 4.5 percent. Nasdaq fell about 4 percent, gold dropped more than 5 percent, oil nearly 5 percent.
- The listed watch and jewelry retailers took the brunt: Watches of Switzerland down about 4 percent, Swatch about 2 percent, Signet nearly 4 percent. The broad European houses were mixed (LVMH up about 0.5 percent, Richemont down 2.2 percent, Burberry down nearly 6 percent), and the accessible US names split sharply: Tapestry up almost 5 percent while Capri fell almost 6 percent on the same day. That dispersion is the signature of positioning and flows, not a read on luxury demand.
- The resale market did not flinch. The most recent watch cycle set records (a 75.8 million dollar Phillips New York sale, the highest-grossing watch auction in US history), and the top lots in our database continue to clear seven and eight figures.
- The testable question: watch the resale series. If resale prices for watches and jewelry roll over, the retailers' weakness is an early demand warning. As long as resale holds, a day like today is a rates story, not a demand story.

The board (today's close):
- European luxury: Hermès 1,605.00 euros (down 0.9 percent), LVMH 483.70 euros (up 0.5 percent), Richemont 178.35 Swiss francs (down 2.2 percent), Kering 262.80 euros (down 1.2 percent), Burberry 1,070.0 pence (down 5.7 percent), Brunello Cucinelli 82.34 euros (down 2.8 percent), Swatch 204.30 Swiss francs (down 1.9 percent), Watches of Switzerland 704.0 pence (down 4.1 percent), Pandora 652.00 Danish kroner (up 1.9 percent).
- US-listed: Tapestry 150.53 dollars (up 4.9 percent), Capri 19.15 dollars (down 5.8 percent), Signet 84.92 dollars (down 3.8 percent), Movado 38.69 dollars (up 0.6 percent), Ferrari 344.87 dollars (down 4.8 percent).
- Macro: Nasdaq down 4.1 percent, S&P 500 down 2.5 percent, gold about 4,129 dollars an ounce (down 5.3 percent), WTI crude 73.05 dollars (down 4.9 percent), the dollar index near a one-year high at 101.4 (up 1.3 percent), US 10-year yield about 4.5 percent.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET

]]> June 23: Watch and Jewelry Retailers Sink on a Fed-Hike Scare; the Resale Market Holds at Its Highs; Tapestry +5% as Capri −6%
Today's signal: the listed watch and jewelry retailers were among the hardest hit in a broad, macro-driven selloff, yet the resale market for the very same goods sits at its cycle highs.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260623
- Market reports: https://altfndata.com/go/cp-260623-r
- Podcast episodes: https://altfndata.com/go/cp-260623-p


The signal:
- A hawkish repricing drove everything down but the dollar. Bank of America and Deutsche Bank both said they now expect a Federal Reserve rate hike in September, sending the dollar to a one-year high and the 10-year yield toward 4.5 percent. Nasdaq fell about 4 percent, gold dropped more than 5 percent, oil nearly 5 percent.
- The listed watch and jewelry retailers took the brunt: Watches of Switzerland down about 4 percent, Swatch about 2 percent, Signet nearly 4 percent. The broad European houses were mixed (LVMH up about 0.5 percent, Richemont down 2.2 percent, Burberry down nearly 6 percent), and the accessible US names split sharply: Tapestry up almost 5 percent while Capri fell almost 6 percent on the same day. That dispersion is the signature of positioning and flows, not a read on luxury demand.
- The resale market did not flinch. The most recent watch cycle set records (a 75.8 million dollar Phillips New York sale, the highest-grossing watch auction in US history), and the top lots in our database continue to clear seven and eight figures.
- The testable question: watch the resale series. If resale prices for watches and jewelry roll over, the retailers' weakness is an early demand warning. As long as resale holds, a day like today is a rates story, not a demand story.

The board (today's close):
- European luxury: Hermès 1,605.00 euros (down 0.9 percent), LVMH 483.70 euros (up 0.5 percent), Richemont 178.35 Swiss francs (down 2.2 percent), Kering 262.80 euros (down 1.2 percent), Burberry 1,070.0 pence (down 5.7 percent), Brunello Cucinelli 82.34 euros (down 2.8 percent), Swatch 204.30 Swiss francs (down 1.9 percent), Watches of Switzerland 704.0 pence (down 4.1 percent), Pandora 652.00 Danish kroner (up 1.9 percent).
- US-listed: Tapestry 150.53 dollars (up 4.9 percent), Capri 19.15 dollars (down 5.8 percent), Signet 84.92 dollars (down 3.8 percent), Movado 38.69 dollars (up 0.6 percent), Ferrari 344.87 dollars (down 4.8 percent).
- Macro: Nasdaq down 4.1 percent, S&P 500 down 2.5 percent, gold about 4,129 dollars an ounce (down 5.3 percent), WTI crude 73.05 dollars (down 4.9 percent), the dollar index near a one-year high at 101.4 (up 1.3 percent), US 10-year yield about 4.5 percent.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET

]]> Tue, 23 Jun 2026 19:56:02 -0400 ALT/FNDATA ALT/FNDATA 301 June 23: Watch and Jewelry Retailers Sink on a Fed-Hike Scare; the Resale Market Holds at Its Highs; Tapestry +5% as Capri −6%
Today's signal: the listed watch and jewelry retailers were among the hardest hit in a broad, macro-driven selloff, yet the resale market for the very same goods sits at its cycle highs.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260623
- Market reports: https://altfndata.com/go/cp-260623-r
- Podcast episodes: https://altfndata.com/go/cp-260623-p


The signal:
- A hawkish repricing drove everything down but the dollar. Bank of America and Deutsche Bank both said they now expect a Federal Reserve rate hike in September, sending the dollar to a one-year high and the 10-year yield toward 4.5 percent. Nasdaq fell about 4 percent, gold dropped more than 5 percent, oil nearly 5 percent.
- The listed watch and jewelry retailers took the brunt: Watches of Switzerland down about 4 percent, Swatch about 2 percent, Signet nearly 4 percent. The broad European houses were mixed (LVMH up about 0.5 percent, Richemont down 2.2 percent, Burberry down nearly 6 percent), and the accessible US names split sharply: Tapestry up almost 5 percent while Capri fell almost 6 percent on the same day. That dispersion is the signature of positioning and flows, not a read on luxury demand.
- The resale market did not flinch. The most recent watch cycle set records (a 75.8 million dollar Phillips New York sale, the highest-grossing watch auction in US history), and the top lots in our database continue to clear seven and eight figures.
- The testable question: watch the resale series. If resale prices for watches and jewelry roll over, the retailers' weakness is an early demand warning. As long as resale holds, a day like today is a rates story, not a demand story.

The board (today's close):
- European luxury: Hermès 1,605.00 euros (down 0.9 percent), LVMH 483.70 euros (up 0.5 percent), Richemont 178.35 Swiss francs (down 2.2 percent), Kering 262.80 euros (down 1.2 percent), Burberry 1,070.0 pence (down 5.7 percent), Brunello Cucinelli 82.34 euros (down 2.8 percent), Swatch 204.30 Swiss francs (down 1.9 percent), Watches of Switzerland 704.0 pence (down 4.1 percent), Pandora 652.00 Danish kroner (up 1.9 percent).
- US-listed: Tapestry 150.53 dollars (up 4.9 percent), Capri 19.15 dollars (down 5.8 percent), Signet 84.92 dollars (down 3.8 percent), Movado 38.69 dollars (up 0.6 percent), Ferrari 344.87 dollars (down 4.8 percent).
- Macro: Nasdaq down 4.1 percent, S&P 500 down 2.5 percent, gold about 4,129 dollars an ounce (down 5.3 percent), WTI crude 73.05 dollars (down 4.9 percent), the dollar index near a one-year high at 101.4 (up 1.3 percent), US 10-year yield about 4.5 percent.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi European Luxury Sells Off; Hermès Falls 6% and LVMH 3.6%; Auction Demand Holds at the Highs 16 16 European Luxury Sells Off; Hermès Falls 6% and LVMH 3.6%; Auction Demand Holds at the Highs full bacba7d2-e297-4944-837c-2917028c02fd https://share.transistor.fm/s/26fee0a4 June 22: European Luxury Sells Off; Hermès Falls 6% and LVMH 3.6%; Auction Demand Holds at the Highs
Today's signal: a sharp divergence. The broad US market rallied on progress in the US and Iran peace talks, but the listed luxury names fell hard, with Hermès down almost 6 percent and LVMH off more than 3 percent. The driver was macro, a dollar at a one-year high and higher yields, not demand. Underneath those brands, our auction data still shows top-end demand at its highs.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260622
- Market reports: https://altfndata.com/go/cp-260622-r
- Podcast episodes: https://altfndata.com/go/cp-260622-p

The signal:
- European luxury equities sold off even as risk assets rose, a rate-and-currency move rather than a demand move. The more accessible US-listed names (Tapestry, Movado) rose, consistent with a rotation read.
- Our secondary-market data runs the other way: the single biggest auction result in our database over the past 90 days is a 17.4 million dollar coloured diamond at Christie's, and the most recent watch cycle set fresh records (a 75.8 million dollar Phillips sale, the highest-grossing watch auction in US history).
- The testable question: does resale demand lead the listed cycle, or lag it? Resale prices are what end-buyers actually pay, so they can reveal pricing power before it reaches the income statement.

The board (today's close):
- European luxury: Hermès 1,620.00 euros (down 5.9 percent), LVMH 481.35 euros (down 3.6 percent), Burberry 1,102.5 pence (down 3.9 percent), Kering 266.10 euros (down 2.2 percent), Brunello Cucinelli 81.84 euros (down 6.8 percent), Richemont 182.30 Swiss francs (down 0.7 percent), Swatch 208.30 Swiss francs (down 1.1 percent), Watches of Switzerland 720.0 pence (down 0.5 percent), Pandora 639.80 Danish kroner (down 2.4 percent).
- US-listed: Tapestry 149.20 dollars (up 2.3 percent), Movado 39.25 dollars (up 5.4 percent), Signet 86.73 dollars (up 0.3 percent), Capri 19.46 dollars (down 1.4 percent), Ferrari 348.42 dollars (down 1.7 percent).
- Macro: gold about 4,211 dollars an ounce (down 2.8 percent), silver down 6.5 percent, WTI crude 74.20 dollars (down 2.4 percent), the dollar index near a one-year high at 101.0 (up 1.5 percent), US 10-year yield about 4.5 percent.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.)

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET
- Art Market — tomorrow (Tuesday)

]]> June 22: European Luxury Sells Off; Hermès Falls 6% and LVMH 3.6%; Auction Demand Holds at the Highs
Today's signal: a sharp divergence. The broad US market rallied on progress in the US and Iran peace talks, but the listed luxury names fell hard, with Hermès down almost 6 percent and LVMH off more than 3 percent. The driver was macro, a dollar at a one-year high and higher yields, not demand. Underneath those brands, our auction data still shows top-end demand at its highs.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260622
- Market reports: https://altfndata.com/go/cp-260622-r
- Podcast episodes: https://altfndata.com/go/cp-260622-p

The signal:
- European luxury equities sold off even as risk assets rose, a rate-and-currency move rather than a demand move. The more accessible US-listed names (Tapestry, Movado) rose, consistent with a rotation read.
- Our secondary-market data runs the other way: the single biggest auction result in our database over the past 90 days is a 17.4 million dollar coloured diamond at Christie's, and the most recent watch cycle set fresh records (a 75.8 million dollar Phillips sale, the highest-grossing watch auction in US history).
- The testable question: does resale demand lead the listed cycle, or lag it? Resale prices are what end-buyers actually pay, so they can reveal pricing power before it reaches the income statement.

The board (today's close):
- European luxury: Hermès 1,620.00 euros (down 5.9 percent), LVMH 481.35 euros (down 3.6 percent), Burberry 1,102.5 pence (down 3.9 percent), Kering 266.10 euros (down 2.2 percent), Brunello Cucinelli 81.84 euros (down 6.8 percent), Richemont 182.30 Swiss francs (down 0.7 percent), Swatch 208.30 Swiss francs (down 1.1 percent), Watches of Switzerland 720.0 pence (down 0.5 percent), Pandora 639.80 Danish kroner (down 2.4 percent).
- US-listed: Tapestry 149.20 dollars (up 2.3 percent), Movado 39.25 dollars (up 5.4 percent), Signet 86.73 dollars (up 0.3 percent), Capri 19.46 dollars (down 1.4 percent), Ferrari 348.42 dollars (down 1.7 percent).
- Macro: gold about 4,211 dollars an ounce (down 2.8 percent), silver down 6.5 percent, WTI crude 74.20 dollars (down 2.4 percent), the dollar index near a one-year high at 101.0 (up 1.5 percent), US 10-year yield about 4.5 percent.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.)

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET
- Art Market — tomorrow (Tuesday)

]]> Mon, 22 Jun 2026 20:57:13 -0400 ALT/FNDATA ALT/FNDATA 468 June 22: European Luxury Sells Off; Hermès Falls 6% and LVMH 3.6%; Auction Demand Holds at the Highs
Today's signal: a sharp divergence. The broad US market rallied on progress in the US and Iran peace talks, but the listed luxury names fell hard, with Hermès down almost 6 percent and LVMH off more than 3 percent. The driver was macro, a dollar at a one-year high and higher yields, not demand. Underneath those brands, our auction data still shows top-end demand at its highs.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260622
- Market reports: https://altfndata.com/go/cp-260622-r
- Podcast episodes: https://altfndata.com/go/cp-260622-p

The signal:
- European luxury equities sold off even as risk assets rose, a rate-and-currency move rather than a demand move. The more accessible US-listed names (Tapestry, Movado) rose, consistent with a rotation read.
- Our secondary-market data runs the other way: the single biggest auction result in our database over the past 90 days is a 17.4 million dollar coloured diamond at Christie's, and the most recent watch cycle set fresh records (a 75.8 million dollar Phillips sale, the highest-grossing watch auction in US history).
- The testable question: does resale demand lead the listed cycle, or lag it? Resale prices are what end-buyers actually pay, so they can reveal pricing power before it reaches the income statement.

The board (today's close):
- European luxury: Hermès 1,620.00 euros (down 5.9 percent), LVMH 481.35 euros (down 3.6 percent), Burberry 1,102.5 pence (down 3.9 percent), Kering 266.10 euros (down 2.2 percent), Brunello Cucinelli 81.84 euros (down 6.8 percent), Richemont 182.30 Swiss francs (down 0.7 percent), Swatch 208.30 Swiss francs (down 1.1 percent), Watches of Switzerland 720.0 pence (down 0.5 percent), Pandora 639.80 Danish kroner (down 2.4 percent).
- US-listed: Tapestry 149.20 dollars (up 2.3 percent), Movado 39.25 dollars (up 5.4 percent), Signet 86.73 dollars (up 0.3 percent), Capri 19.46 dollars (down 1.4 percent), Ferrari 348.42 dollars (down 1.7 percent).
- Macro: gold about 4,211 dollars an ounce (down 2.8 percent), silver down 6.5 percent, WTI crude 74.20 dollars (down 2.4 percent), the dollar index near a one-year high at 101.0 (up 1.5 percent), US 10-year yield about 4.5 percent.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.)

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET
- Art Market — tomorrow (Tuesday)

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi Luxury Equities De-Rate on Rates While Auction Demand Holds at the Highs 15 15 Luxury Equities De-Rate on Rates While Auction Demand Holds at the Highs full 8d8d1b97-ad05-433f-b38e-d840f8353f7e https://share.transistor.fm/s/75a05290 June 19: This Week's Signal — Luxury Equities De-Rate on Rates While Auction Demand Holds at the Highs
Listed luxury repriced lower this week on macro, while the secondary market underneath those brands is still printing cycle-high demand. The stocks moved on discount rates, not on demand. The gap between the two is the read.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260619
- Market reports: https://altfndata.com/go/cp-260619-r
- Podcast episodes: https://altfndata.com/go/cp-260619-p

THE TAPE (listed side)
- European luxury ended a volatile week with a down session Friday: Hermès −2.4%, Kering −1.7%, LVMH −1.2%, Burberry −1.1%, Richemont −0.8%; Watches of Switzerland +1.5% (lone gainer).
- Driver: macro, not idiosyncratic. Higher rates compress multiples on long-duration quality-growth names — luxury is the textbook case. Read the drawdown as a rate move.
- (US large-cap luxury close: re-spot.)

THE ALT-DATA (secondary market)
- Most recent watch cycle set records: Phillips' New York sale was the highest-grossing watch auction in US history ($75.8M, every lot sold), incl. a $13.9M F.P. Journe (world record, independent maker). Not the profile of a demand problem.
- Whether that strength holds more broadly is what our secondary-market index measures — resale prices across the major houses, mapped to the listed names. Pull the series in the sandbox.

THE READ
- This week's equity selloff was a rate move, not a demand move — and the auction data confirms end-demand hasn't cracked.
- The open question our data answers: does secondary-market demand LEAD the listed cycle (de-rating = opportunity) or LAG it (a warning)? The signal lives in the gap.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET

]]> June 19: This Week's Signal — Luxury Equities De-Rate on Rates While Auction Demand Holds at the Highs
Listed luxury repriced lower this week on macro, while the secondary market underneath those brands is still printing cycle-high demand. The stocks moved on discount rates, not on demand. The gap between the two is the read.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260619
- Market reports: https://altfndata.com/go/cp-260619-r
- Podcast episodes: https://altfndata.com/go/cp-260619-p

THE TAPE (listed side)
- European luxury ended a volatile week with a down session Friday: Hermès −2.4%, Kering −1.7%, LVMH −1.2%, Burberry −1.1%, Richemont −0.8%; Watches of Switzerland +1.5% (lone gainer).
- Driver: macro, not idiosyncratic. Higher rates compress multiples on long-duration quality-growth names — luxury is the textbook case. Read the drawdown as a rate move.
- (US large-cap luxury close: re-spot.)

THE ALT-DATA (secondary market)
- Most recent watch cycle set records: Phillips' New York sale was the highest-grossing watch auction in US history ($75.8M, every lot sold), incl. a $13.9M F.P. Journe (world record, independent maker). Not the profile of a demand problem.
- Whether that strength holds more broadly is what our secondary-market index measures — resale prices across the major houses, mapped to the listed names. Pull the series in the sandbox.

THE READ
- This week's equity selloff was a rate move, not a demand move — and the auction data confirms end-demand hasn't cracked.
- The open question our data answers: does secondary-market demand LEAD the listed cycle (de-rating = opportunity) or LAG it (a warning)? The signal lives in the gap.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET

]]> Fri, 19 Jun 2026 22:15:20 -0400 ALT/FNDATA ALT/FNDATA 244 June 19: This Week's Signal — Luxury Equities De-Rate on Rates While Auction Demand Holds at the Highs
Listed luxury repriced lower this week on macro, while the secondary market underneath those brands is still printing cycle-high demand. The stocks moved on discount rates, not on demand. The gap between the two is the read.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260619
- Market reports: https://altfndata.com/go/cp-260619-r
- Podcast episodes: https://altfndata.com/go/cp-260619-p

THE TAPE (listed side)
- European luxury ended a volatile week with a down session Friday: Hermès −2.4%, Kering −1.7%, LVMH −1.2%, Burberry −1.1%, Richemont −0.8%; Watches of Switzerland +1.5% (lone gainer).
- Driver: macro, not idiosyncratic. Higher rates compress multiples on long-duration quality-growth names — luxury is the textbook case. Read the drawdown as a rate move.
- (US large-cap luxury close: re-spot.)

THE ALT-DATA (secondary market)
- Most recent watch cycle set records: Phillips' New York sale was the highest-grossing watch auction in US history ($75.8M, every lot sold), incl. a $13.9M F.P. Journe (world record, independent maker). Not the profile of a demand problem.
- Whether that strength holds more broadly is what our secondary-market index measures — resale prices across the major houses, mapped to the listed names. Pull the series in the sandbox.

THE READ
- This week's equity selloff was a rate move, not a demand move — and the auction data confirms end-demand hasn't cracked.
- The open question our data answers: does secondary-market demand LEAD the listed cycle (de-rating = opportunity) or LAG it (a warning)? The signal lives in the gap.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — tomorrow at 6 AM ET

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi Stocks Rebound but Gold and Silver Get Routed; Luxury Bounces Back; a $36M Pearl on Rarity vs the Spot Price 14 14 Stocks Rebound but Gold and Silver Get Routed; Luxury Bounces Back; a $36M Pearl on Rarity vs the Spot Price full ba75b2d4-b5df-49d9-b7ad-b8f889921ea4 https://share.transistor.fm/s/28079c8f June 18: Stocks Rebound but Gold and Silver Get Routed; Luxury Bounces Back; a $36M Pearl on Rarity vs the Spot Price
A two-sided day as stocks rebounded and luxury shares bounced back on both continents, but the same Fed signal of higher-for-longer rates that lifted the dollar and bond yields drove precious metals sharply lower, with gold and silver both falling hard.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260618
- Market reports: https://altfndata.com/go/cp-260618-r
- Podcast episodes: https://altfndata.com/go/cp-260618-p

Luxury Equities Rebound
- Europe higher: Kering (KER) +4.4% (leader); Watches of Switzerland (WOSG) +2.4%; Hermès (RMS) +2.0%; Richemont (CFR) and Burberry (BRBY) each +1.7%; Swatch (UHR) +0.5%. Laggard: LVMH (MC) −1.2%.
- US higher: Movado (MOV) +3.3% — the name we flagged yesterday as one investors give little credit, leading the bounce; Capri/Versace (CPRI) +3.0%; Ralph Lauren (RL) +2.3%; Ferrari (RACE) +2.2%; Signet (SIG) +2.0%. Laggard: Tapestry (TPR) −1.6%.

A Note on Ferrari
- Bloomberg reports Ferrari is using orders for its new EV, the Luce (~$636K, coolly received, designed by Jony Ive's LoveFrom), as a loyalty test: buying one helps protect a client's access to coveted limited models like the ~$2.1M LaFerrari Aperta.
- The takeaway: at the very top of luxury, the rarest products are allocated to the most loyal, highest-spending clients. Demand is engineered as much as met.

The Sell-Off in Metals
- Gold fell ~3.3% to ~$4,214/oz; silver dropped ~7.3% which was a sharp reversal just two days after gold set records.
- The cause is the Fed: a tilt toward higher rates means a stronger dollar, both bad for gold (which pays no yield and is dollar-priced). Oil eased ~2% to ~$75/bbl.

Rarity vs the Spot Price
- Gold and silver carry a spot price that can swing several percent in a day. The rarest physical objects have no spot price and they trade on scarcity.

The Wider Tape
- A tech-led rebound: Nasdaq +1.9%, S&P 500 +1.1%, Dow roughly flat. The dollar strengthened and Treasury yields rose which are the same forces pressuring gold.
- Fed footnote: in his debut, Warsh skipped publishing his own rate-path "dot" and launched a sweeping review of Fed communications which is a sign he means to reshape the institution.

Week Ahead
- Art Basel runs through the weekend; the collector-car world turns toward Monterey Car Week in August.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Closing Price — Mon-Fri at 5 PM ET

]]> June 18: Stocks Rebound but Gold and Silver Get Routed; Luxury Bounces Back; a $36M Pearl on Rarity vs the Spot Price
A two-sided day as stocks rebounded and luxury shares bounced back on both continents, but the same Fed signal of higher-for-longer rates that lifted the dollar and bond yields drove precious metals sharply lower, with gold and silver both falling hard.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260618
- Market reports: https://altfndata.com/go/cp-260618-r
- Podcast episodes: https://altfndata.com/go/cp-260618-p

Luxury Equities Rebound
- Europe higher: Kering (KER) +4.4% (leader); Watches of Switzerland (WOSG) +2.4%; Hermès (RMS) +2.0%; Richemont (CFR) and Burberry (BRBY) each +1.7%; Swatch (UHR) +0.5%. Laggard: LVMH (MC) −1.2%.
- US higher: Movado (MOV) +3.3% — the name we flagged yesterday as one investors give little credit, leading the bounce; Capri/Versace (CPRI) +3.0%; Ralph Lauren (RL) +2.3%; Ferrari (RACE) +2.2%; Signet (SIG) +2.0%. Laggard: Tapestry (TPR) −1.6%.

A Note on Ferrari
- Bloomberg reports Ferrari is using orders for its new EV, the Luce (~$636K, coolly received, designed by Jony Ive's LoveFrom), as a loyalty test: buying one helps protect a client's access to coveted limited models like the ~$2.1M LaFerrari Aperta.
- The takeaway: at the very top of luxury, the rarest products are allocated to the most loyal, highest-spending clients. Demand is engineered as much as met.

The Sell-Off in Metals
- Gold fell ~3.3% to ~$4,214/oz; silver dropped ~7.3% which was a sharp reversal just two days after gold set records.
- The cause is the Fed: a tilt toward higher rates means a stronger dollar, both bad for gold (which pays no yield and is dollar-priced). Oil eased ~2% to ~$75/bbl.

Rarity vs the Spot Price
- Gold and silver carry a spot price that can swing several percent in a day. The rarest physical objects have no spot price and they trade on scarcity.

The Wider Tape
- A tech-led rebound: Nasdaq +1.9%, S&P 500 +1.1%, Dow roughly flat. The dollar strengthened and Treasury yields rose which are the same forces pressuring gold.
- Fed footnote: in his debut, Warsh skipped publishing his own rate-path "dot" and launched a sweeping review of Fed communications which is a sign he means to reshape the institution.

Week Ahead
- Art Basel runs through the weekend; the collector-car world turns toward Monterey Car Week in August.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Closing Price — Mon-Fri at 5 PM ET

]]> Thu, 18 Jun 2026 23:57:34 -0400 ALT/FNDATA ALT/FNDATA 391 June 18: Stocks Rebound but Gold and Silver Get Routed; Luxury Bounces Back; a $36M Pearl on Rarity vs the Spot Price
A two-sided day as stocks rebounded and luxury shares bounced back on both continents, but the same Fed signal of higher-for-longer rates that lifted the dollar and bond yields drove precious metals sharply lower, with gold and silver both falling hard.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260618
- Market reports: https://altfndata.com/go/cp-260618-r
- Podcast episodes: https://altfndata.com/go/cp-260618-p

Luxury Equities Rebound
- Europe higher: Kering (KER) +4.4% (leader); Watches of Switzerland (WOSG) +2.4%; Hermès (RMS) +2.0%; Richemont (CFR) and Burberry (BRBY) each +1.7%; Swatch (UHR) +0.5%. Laggard: LVMH (MC) −1.2%.
- US higher: Movado (MOV) +3.3% — the name we flagged yesterday as one investors give little credit, leading the bounce; Capri/Versace (CPRI) +3.0%; Ralph Lauren (RL) +2.3%; Ferrari (RACE) +2.2%; Signet (SIG) +2.0%. Laggard: Tapestry (TPR) −1.6%.

A Note on Ferrari
- Bloomberg reports Ferrari is using orders for its new EV, the Luce (~$636K, coolly received, designed by Jony Ive's LoveFrom), as a loyalty test: buying one helps protect a client's access to coveted limited models like the ~$2.1M LaFerrari Aperta.
- The takeaway: at the very top of luxury, the rarest products are allocated to the most loyal, highest-spending clients. Demand is engineered as much as met.

The Sell-Off in Metals
- Gold fell ~3.3% to ~$4,214/oz; silver dropped ~7.3% which was a sharp reversal just two days after gold set records.
- The cause is the Fed: a tilt toward higher rates means a stronger dollar, both bad for gold (which pays no yield and is dollar-priced). Oil eased ~2% to ~$75/bbl.

Rarity vs the Spot Price
- Gold and silver carry a spot price that can swing several percent in a day. The rarest physical objects have no spot price and they trade on scarcity.

The Wider Tape
- A tech-led rebound: Nasdaq +1.9%, S&P 500 +1.1%, Dow roughly flat. The dollar strengthened and Treasury yields rose which are the same forces pressuring gold.
- Fed footnote: in his debut, Warsh skipped publishing his own rate-path "dot" and launched a sweeping review of Fed communications which is a sign he means to reshape the institution.

Week Ahead
- Art Basel runs through the weekend; the collector-car world turns toward Monterey Car Week in August.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Closing Price — Mon-Fri at 5 PM ET

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi Luxury Stocks Fall Worldwide as the Rally Pauses; Gold Breaks Its Record Streak; the Auction Market Holds Firm 13 13 Luxury Stocks Fall Worldwide as the Rally Pauses; Gold Breaks Its Record Streak; the Auction Market Holds Firm full 7e632bc6-4f4e-45c9-842f-04ba09c891b4 https://share.transistor.fm/s/83f86c07 June 17: Luxury Stocks Fall Worldwide as the Rally Pauses; Gold Breaks Its Record Streak; the Auction Market Holds Firm
After a run of records, luxury stocks fell on both sides of the Atlantic, the Dow and S&P slipped, and even gold retreated all ahead of the Fed's first decision under Kevin Warsh. The one market that didn't flinch: the auction room.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260617
- Market reports: https://altfndata.com/go/cp-260617-r
- Podcast episodes: https://altfndata.com/go/cp-260617-p

Luxury Equities — The Close
- Europe, all lower: Burberry (BRBY) −2.6% (weakest); LVMH (MC) −1.8%; Watches of Switzerland (WOSG) −1.5%; Hermès (RMS) −1.3%; Richemont (CFR) −0.5%; Kering (KER) −0.2%; Swatch (UHR) −0.1%.
- US, all lower except one: Capri/Versace (CPRI) −5.0% (worst on the board); Zegna (ZGN) −4.0%; Ferrari (RACE) −3.2%; Tapestry/Coach (TPR) −2.4%; Signet (SIG) −1.8%; Ralph Lauren (RL) −0.7%. Lone gainer: Movado (MOV) +0.4% — a mid-market fashion-watch maker squeezed by smartwatches and untouched by the collectible-watch boom, so a name investors give little credit.

Gold Takes a Breather
- Gold closed ~$4,276/oz, −1.3% with its first down day after back-to-back records. Silver −2.8%. Oil slid again to ~$75/bbl.
- For once, the hard-asset trade and the stock market moved together, both lower, as investors took profits after a powerful rally.

The Saleroom Doesn't Flinch
- Stocks fell, gold fell — the collectibles market did not. ALT/FNDATA data: across watches and jewelry alone, 26 separate lots have each sold for more than $1M in the past 90 days (19 of them jewelry).
- A pullback in a luxury company's share price is not a pullback in the price of a trophy diamond.

The Tape
- The Dow fell ~1.0% (off yesterday's record); the S&P 500 lost ~1.2%, tech-led; the Nasdaq slipped too.
- The driver is the calendar: the Federal Reserve's first rate decision under new chair Kevin Warsh is due later this week, and investors are taking profits and waiting after the US–Iran-deal run-up.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Auto Market — Thursdays

]]> June 17: Luxury Stocks Fall Worldwide as the Rally Pauses; Gold Breaks Its Record Streak; the Auction Market Holds Firm
After a run of records, luxury stocks fell on both sides of the Atlantic, the Dow and S&P slipped, and even gold retreated all ahead of the Fed's first decision under Kevin Warsh. The one market that didn't flinch: the auction room.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260617
- Market reports: https://altfndata.com/go/cp-260617-r
- Podcast episodes: https://altfndata.com/go/cp-260617-p

Luxury Equities — The Close
- Europe, all lower: Burberry (BRBY) −2.6% (weakest); LVMH (MC) −1.8%; Watches of Switzerland (WOSG) −1.5%; Hermès (RMS) −1.3%; Richemont (CFR) −0.5%; Kering (KER) −0.2%; Swatch (UHR) −0.1%.
- US, all lower except one: Capri/Versace (CPRI) −5.0% (worst on the board); Zegna (ZGN) −4.0%; Ferrari (RACE) −3.2%; Tapestry/Coach (TPR) −2.4%; Signet (SIG) −1.8%; Ralph Lauren (RL) −0.7%. Lone gainer: Movado (MOV) +0.4% — a mid-market fashion-watch maker squeezed by smartwatches and untouched by the collectible-watch boom, so a name investors give little credit.

Gold Takes a Breather
- Gold closed ~$4,276/oz, −1.3% with its first down day after back-to-back records. Silver −2.8%. Oil slid again to ~$75/bbl.
- For once, the hard-asset trade and the stock market moved together, both lower, as investors took profits after a powerful rally.

The Saleroom Doesn't Flinch
- Stocks fell, gold fell — the collectibles market did not. ALT/FNDATA data: across watches and jewelry alone, 26 separate lots have each sold for more than $1M in the past 90 days (19 of them jewelry).
- A pullback in a luxury company's share price is not a pullback in the price of a trophy diamond.

The Tape
- The Dow fell ~1.0% (off yesterday's record); the S&P 500 lost ~1.2%, tech-led; the Nasdaq slipped too.
- The driver is the calendar: the Federal Reserve's first rate decision under new chair Kevin Warsh is due later this week, and investors are taking profits and waiting after the US–Iran-deal run-up.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Auto Market — Thursdays

]]> Wed, 17 Jun 2026 20:49:52 -0400 ALT/FNDATA ALT/FNDATA 300 June 17: Luxury Stocks Fall Worldwide as the Rally Pauses; Gold Breaks Its Record Streak; the Auction Market Holds Firm
After a run of records, luxury stocks fell on both sides of the Atlantic, the Dow and S&P slipped, and even gold retreated all ahead of the Fed's first decision under Kevin Warsh. The one market that didn't flinch: the auction room.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260617
- Market reports: https://altfndata.com/go/cp-260617-r
- Podcast episodes: https://altfndata.com/go/cp-260617-p

Luxury Equities — The Close
- Europe, all lower: Burberry (BRBY) −2.6% (weakest); LVMH (MC) −1.8%; Watches of Switzerland (WOSG) −1.5%; Hermès (RMS) −1.3%; Richemont (CFR) −0.5%; Kering (KER) −0.2%; Swatch (UHR) −0.1%.
- US, all lower except one: Capri/Versace (CPRI) −5.0% (worst on the board); Zegna (ZGN) −4.0%; Ferrari (RACE) −3.2%; Tapestry/Coach (TPR) −2.4%; Signet (SIG) −1.8%; Ralph Lauren (RL) −0.7%. Lone gainer: Movado (MOV) +0.4% — a mid-market fashion-watch maker squeezed by smartwatches and untouched by the collectible-watch boom, so a name investors give little credit.

Gold Takes a Breather
- Gold closed ~$4,276/oz, −1.3% with its first down day after back-to-back records. Silver −2.8%. Oil slid again to ~$75/bbl.
- For once, the hard-asset trade and the stock market moved together, both lower, as investors took profits after a powerful rally.

The Saleroom Doesn't Flinch
- Stocks fell, gold fell — the collectibles market did not. ALT/FNDATA data: across watches and jewelry alone, 26 separate lots have each sold for more than $1M in the past 90 days (19 of them jewelry).
- A pullback in a luxury company's share price is not a pullback in the price of a trophy diamond.

The Tape
- The Dow fell ~1.0% (off yesterday's record); the S&P 500 lost ~1.2%, tech-led; the Nasdaq slipped too.
- The driver is the calendar: the Federal Reserve's first rate decision under new chair Kevin Warsh is due later this week, and investors are taking profits and waiting after the US–Iran-deal run-up.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Auto Market — Thursdays

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi US Luxury Stocks Fall While Europe Climbs; Gold Sets Another Record; Watch Auctions Boom and Watch Stocks Stall 12 12 US Luxury Stocks Fall While Europe Climbs; Gold Sets Another Record; Watch Auctions Boom and Watch Stocks Stall full be952364-ae38-43d6-b2b7-f0be6e4f476c https://share.transistor.fm/s/38ea5943 June 16: US Luxury Stocks Fall While Europe Climbs; Gold Sets Another Record; Watch Auctions Boom and Watch Stocks Stall
European luxury rose while every US-listed luxury name fell, and the Dow set a record even as the S&P 500 slipped. Underneath it, the same hard-asset story: gold at another high, and a watch-auction market that keeps setting records even as the listed watchmakers stall.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260616
- Market reports: https://altfndata.com/go/cp-260616-r
- Podcast episodes: https://altfndata.com/go/cp-260616-p

Luxury Equities — The Close
- Europe higher: Hermès (RMS) 1,749.5 EUR +2.2% (leader); LVMH (MC) 520.3 EUR +1.5%; Richemont (CFR) 182.75 CHF +1.1%; Kering (KER) 265.35 EUR +1.0%; Burberry (BRBY) 1,157.5p +0.3%; Watches of Switzerland (WOSG) 717.5p +0.2%. Lone decliner: Swatch (UHR) 210.3 CHF −1.2%.
- US all lower: Zegna (ZGN) −1.9%; Capri/Versace (CPRI) −1.4%; Ralph Lauren (RL) −1.4%; Tapestry/Coach (TPR) −1.1%; Ferrari (RACE) −0.8% (despite Morgan Stanley reaffirming); Signet (SIG) −0.8%; Movado (MOV) −0.1% (roughly flat).
- The read: Europe extended Monday's US–Iran-deal recovery; US names slipped with a tech-led down session and pre-Fed caution.

The Watch Divergence
- Movado (MOV) finished flat and watch stocks have stalled — but the watch auction market is red-hot.
- ALT/FNDATA data: the top watch sold in our database over the past 90 days is an F.P. Journe platinum tourbillon at $3.1M (Christie's). The boom is in the resale market, not the makers of new watches.

Gold and Hard Assets
- Gold closed ~$4,353/oz, +0.6% — a record on back-to-back days. Silver ~$70, flat.
- Oil fell ~6% to ~$76/bbl, a fresh 3-month low, as the US–Iran deal points to more supply through the Strait of Hormuz.
- Lower oil + a softer dollar + safe-haven demand all support gold — the same instinct showing up in the saleroom.

Dealmaking
- Frasers Group (FRAS.L) −4.4% to 720p after a second takeover bid this week — an offer for Australia's Accent Group, on top of its Hugo Boss bid. Hugo Boss (BOSS.DE) closed roughly flat.

The Tape
- A split market: the Dow rose ~0.6% to a record (~52,000), but the S&P 500 fell ~0.6% and the Nasdaq slipped as tech took a breather.
- The dollar eased ahead of the Federal Reserve's first rate decision under new chair Kevin Warsh, due later this week.

Week Ahead
- Sotheby's Important Watches caps a remarkable week of watch sales.
- RM Sotheby's Sealed (featuring a 1969 Lamborghini Miura) closes June 17.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Luxury Spending — Wednesdays

]]> June 16: US Luxury Stocks Fall While Europe Climbs; Gold Sets Another Record; Watch Auctions Boom and Watch Stocks Stall
European luxury rose while every US-listed luxury name fell, and the Dow set a record even as the S&P 500 slipped. Underneath it, the same hard-asset story: gold at another high, and a watch-auction market that keeps setting records even as the listed watchmakers stall.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260616
- Market reports: https://altfndata.com/go/cp-260616-r
- Podcast episodes: https://altfndata.com/go/cp-260616-p

Luxury Equities — The Close
- Europe higher: Hermès (RMS) 1,749.5 EUR +2.2% (leader); LVMH (MC) 520.3 EUR +1.5%; Richemont (CFR) 182.75 CHF +1.1%; Kering (KER) 265.35 EUR +1.0%; Burberry (BRBY) 1,157.5p +0.3%; Watches of Switzerland (WOSG) 717.5p +0.2%. Lone decliner: Swatch (UHR) 210.3 CHF −1.2%.
- US all lower: Zegna (ZGN) −1.9%; Capri/Versace (CPRI) −1.4%; Ralph Lauren (RL) −1.4%; Tapestry/Coach (TPR) −1.1%; Ferrari (RACE) −0.8% (despite Morgan Stanley reaffirming); Signet (SIG) −0.8%; Movado (MOV) −0.1% (roughly flat).
- The read: Europe extended Monday's US–Iran-deal recovery; US names slipped with a tech-led down session and pre-Fed caution.

The Watch Divergence
- Movado (MOV) finished flat and watch stocks have stalled — but the watch auction market is red-hot.
- ALT/FNDATA data: the top watch sold in our database over the past 90 days is an F.P. Journe platinum tourbillon at $3.1M (Christie's). The boom is in the resale market, not the makers of new watches.

Gold and Hard Assets
- Gold closed ~$4,353/oz, +0.6% — a record on back-to-back days. Silver ~$70, flat.
- Oil fell ~6% to ~$76/bbl, a fresh 3-month low, as the US–Iran deal points to more supply through the Strait of Hormuz.
- Lower oil + a softer dollar + safe-haven demand all support gold — the same instinct showing up in the saleroom.

Dealmaking
- Frasers Group (FRAS.L) −4.4% to 720p after a second takeover bid this week — an offer for Australia's Accent Group, on top of its Hugo Boss bid. Hugo Boss (BOSS.DE) closed roughly flat.

The Tape
- A split market: the Dow rose ~0.6% to a record (~52,000), but the S&P 500 fell ~0.6% and the Nasdaq slipped as tech took a breather.
- The dollar eased ahead of the Federal Reserve's first rate decision under new chair Kevin Warsh, due later this week.

Week Ahead
- Sotheby's Important Watches caps a remarkable week of watch sales.
- RM Sotheby's Sealed (featuring a 1969 Lamborghini Miura) closes June 17.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Luxury Spending — Wednesdays

]]> Wed, 17 Jun 2026 00:01:59 -0400 ALT/FNDATA ALT/FNDATA 322 June 16: US Luxury Stocks Fall While Europe Climbs; Gold Sets Another Record; Watch Auctions Boom and Watch Stocks Stall
European luxury rose while every US-listed luxury name fell, and the Dow set a record even as the S&P 500 slipped. Underneath it, the same hard-asset story: gold at another high, and a watch-auction market that keeps setting records even as the listed watchmakers stall.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260616
- Market reports: https://altfndata.com/go/cp-260616-r
- Podcast episodes: https://altfndata.com/go/cp-260616-p

Luxury Equities — The Close
- Europe higher: Hermès (RMS) 1,749.5 EUR +2.2% (leader); LVMH (MC) 520.3 EUR +1.5%; Richemont (CFR) 182.75 CHF +1.1%; Kering (KER) 265.35 EUR +1.0%; Burberry (BRBY) 1,157.5p +0.3%; Watches of Switzerland (WOSG) 717.5p +0.2%. Lone decliner: Swatch (UHR) 210.3 CHF −1.2%.
- US all lower: Zegna (ZGN) −1.9%; Capri/Versace (CPRI) −1.4%; Ralph Lauren (RL) −1.4%; Tapestry/Coach (TPR) −1.1%; Ferrari (RACE) −0.8% (despite Morgan Stanley reaffirming); Signet (SIG) −0.8%; Movado (MOV) −0.1% (roughly flat).
- The read: Europe extended Monday's US–Iran-deal recovery; US names slipped with a tech-led down session and pre-Fed caution.

The Watch Divergence
- Movado (MOV) finished flat and watch stocks have stalled — but the watch auction market is red-hot.
- ALT/FNDATA data: the top watch sold in our database over the past 90 days is an F.P. Journe platinum tourbillon at $3.1M (Christie's). The boom is in the resale market, not the makers of new watches.

Gold and Hard Assets
- Gold closed ~$4,353/oz, +0.6% — a record on back-to-back days. Silver ~$70, flat.
- Oil fell ~6% to ~$76/bbl, a fresh 3-month low, as the US–Iran deal points to more supply through the Strait of Hormuz.
- Lower oil + a softer dollar + safe-haven demand all support gold — the same instinct showing up in the saleroom.

Dealmaking
- Frasers Group (FRAS.L) −4.4% to 720p after a second takeover bid this week — an offer for Australia's Accent Group, on top of its Hugo Boss bid. Hugo Boss (BOSS.DE) closed roughly flat.

The Tape
- A split market: the Dow rose ~0.6% to a record (~52,000), but the S&P 500 fell ~0.6% and the Nasdaq slipped as tech took a breather.
- The dollar eased ahead of the Federal Reserve's first rate decision under new chair Kevin Warsh, due later this week.

Week Ahead
- Sotheby's Important Watches caps a remarkable week of watch sales.
- RM Sotheby's Sealed (featuring a 1969 Lamborghini Miura) closes June 17.

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Luxury Spending — Wednesdays

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi Watch Auctions Set Records but Watch Stocks Fall; Gold Hits a New High as Luxury Fades; Ferrari Up 4% 11 11 Watch Auctions Set Records but Watch Stocks Fall; Gold Hits a New High as Luxury Fades; Ferrari Up 4% full 25f80b95-78c6-4952-9a31-d315643b1b7a https://share.transistor.fm/s/4cec7a39 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260615
- Market reports: https://altfndata.com/go/cp-260615-r
- Podcast episodes: https://altfndata.com/go/cp-260615-p

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 and the boom is in the secondary market, not in the makers of new watches

Gold 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 again

Dealmaking
- Frasers Group, which has bid to take over Hugo Boss, fell ~4.9% in London (753p); Hugo Boss closed roughly flat

The 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
- Airbus CEO Guillaume Faury criticized Europe's competitiveness due to 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 included

Week Ahead
- Sotheby's Important Watches caps a remarkable week of watch sales
- RM Sotheby's Sealed (featuring a 1969 Lamborghini Miura) closes June 17

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Art Market — Tuesdays

]]> 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260615
- Market reports: https://altfndata.com/go/cp-260615-r
- Podcast episodes: https://altfndata.com/go/cp-260615-p

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 and the boom is in the secondary market, not in the makers of new watches

Gold 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 again

Dealmaking
- Frasers Group, which has bid to take over Hugo Boss, fell ~4.9% in London (753p); Hugo Boss closed roughly flat

The 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
- Airbus CEO Guillaume Faury criticized Europe's competitiveness due to 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 included

Week Ahead
- Sotheby's Important Watches caps a remarkable week of watch sales
- RM Sotheby's Sealed (featuring a 1969 Lamborghini Miura) closes June 17

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Art Market — Tuesdays

]]> Mon, 15 Jun 2026 20:42:13 -0400 ALT/FNDATA ALT/FNDATA 368 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260615
- Market reports: https://altfndata.com/go/cp-260615-r
- Podcast episodes: https://altfndata.com/go/cp-260615-p

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 and the boom is in the secondary market, not in the makers of new watches

Gold 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 again

Dealmaking
- Frasers Group, which has bid to take over Hugo Boss, fell ~4.9% in London (753p); Hugo Boss closed roughly flat

The 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
- Airbus CEO Guillaume Faury criticized Europe's competitiveness due to 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 included

Week Ahead
- Sotheby's Important Watches caps a remarkable week of watch sales
- RM Sotheby's Sealed (featuring a 1969 Lamborghini Miura) closes June 17

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Art Market — Tuesdays

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi European Luxury Surges on the Iran Deal; Gold and Silver Rally; Ferrari and US Names Pull Back 10 10 European Luxury Surges on the Iran Deal; Gold and Silver Rally; Ferrari and US Names Pull Back full b0891075-ad9c-4a44-86cd-864d2f7215d1 https://share.transistor.fm/s/f31d2b71 June 12: European Luxury Surges on the Iran Deal; Gold and Silver Rally; US Names Pull Back
European 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260612
- Market reports: https://altfndata.com/go/cp-260612-r
- Podcast episodes: https://altfndata.com/go/cp-260612-p

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 ~€40

Gold, 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

The 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 highs

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) closes

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also 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 Back
European 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260612
- Market reports: https://altfndata.com/go/cp-260612-r
- Podcast episodes: https://altfndata.com/go/cp-260612-p

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 ~€40

Gold, 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

The 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 highs

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) closes

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Art Market — Tuesdays

]]> Fri, 12 Jun 2026 21:33:58 -0400 ALT/FNDATA ALT/FNDATA 252 June 12: European Luxury Surges on the Iran Deal; Gold and Silver Rally; US Names Pull Back
European 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260612
- Market reports: https://altfndata.com/go/cp-260612-r
- Podcast episodes: https://altfndata.com/go/cp-260612-p

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 ~€40

Gold, 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

The 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 highs

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) closes

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Art Market — Tuesdays

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi Hugo Boss Surges 9% on the Frasers Bid; Luxury Rebounds After Wall Street's Worst Day; Ferrari Bounces Back 9 9 Hugo Boss Surges 9% on the Frasers Bid; Luxury Rebounds After Wall Street's Worst Day; Ferrari Bounces Back full 997c7ddb-431d-444a-82b4-8f7c18452b7d https://share.transistor.fm/s/93391bcf June 11: Hugo Boss Surges 9% on the Frasers Bid; Luxury Rebounds After Wall Street's Worst Day; Ferrari Bounces Back
A 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260611
- Market reports: https://altfndata.com/go/cp-260611-r
- Podcast episodes: https://altfndata.com/go/cp-260611-p

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% which was 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 selloff

Nike and the World Cup
- Nike (NKE) is making a major bet on this summer's World Cup, with 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)

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Auto Market — Thursdays

]]> June 11: Hugo Boss Surges 9% on the Frasers Bid; Luxury Rebounds After Wall Street's Worst Day; Ferrari Bounces Back
A 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260611
- Market reports: https://altfndata.com/go/cp-260611-r
- Podcast episodes: https://altfndata.com/go/cp-260611-p

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% which was 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 selloff

Nike and the World Cup
- Nike (NKE) is making a major bet on this summer's World Cup, with 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)

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Auto Market — Thursdays

]]> Thu, 11 Jun 2026 19:35:13 -0400 ALT/FNDATA ALT/FNDATA 282 June 11: Hugo Boss Surges 9% on the Frasers Bid; Luxury Rebounds After Wall Street's Worst Day; Ferrari Bounces Back
A 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260611
- Market reports: https://altfndata.com/go/cp-260611-r
- Podcast episodes: https://altfndata.com/go/cp-260611-p

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% which was 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 selloff

Nike and the World Cup
- Nike (NKE) is making a major bet on this summer's World Cup, with 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)

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Auto Market — Thursdays

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi Gold Falls Nearly 4%; Frasers Bids $3.1B for Hugo Boss; Ferrari Struggles as Its China EV Stumbles 8 8 Gold Falls Nearly 4%; Frasers Bids $3.1B for Hugo Boss; Ferrari Struggles as Its China EV Stumbles full a6faecdb-17b4-4b41-9ffc-e8be9147402f https://share.transistor.fm/s/8b7c788b June 10: Gold Falls Nearly 4%; Frasers Bids $3.1B for Hugo Boss; Ferrari Struggles as Its China EV Stumbles
A 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260610
- Market reports: https://altfndata.com/go/cp-260610-r
- Podcast episodes: https://altfndata.com/go/cp-260610-p

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% was the weakest luxury name on the board
- 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 was 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 threats

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 15

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Luxury Spending — Wednesdays

]]> June 10: Gold Falls Nearly 4%; Frasers Bids $3.1B for Hugo Boss; Ferrari Struggles as Its China EV Stumbles
A 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260610
- Market reports: https://altfndata.com/go/cp-260610-r
- Podcast episodes: https://altfndata.com/go/cp-260610-p

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% was the weakest luxury name on the board
- 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 was 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 threats

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 15

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Luxury Spending — Wednesdays

]]> Wed, 10 Jun 2026 23:56:35 -0400 ALT/FNDATA ALT/FNDATA 417 June 10: Gold Falls Nearly 4%; Frasers Bids $3.1B for Hugo Boss; Ferrari Struggles as Its China EV Stumbles
A 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260610
- Market reports: https://altfndata.com/go/cp-260610-r
- Podcast episodes: https://altfndata.com/go/cp-260610-p

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% was the weakest luxury name on the board
- 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 was 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 threats

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 15

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Luxury Spending — Wednesdays

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi European Luxury Closes Higher, Watch Retail Lower; Signet Gains After Its Buyback, Gold Slips 7 7 European Luxury Closes Higher, Watch Retail Lower; Signet Gains After Its Buyback, Gold Slips full 65538d01-93f4-4f1d-a464-1aa1ed230da5 https://share.transistor.fm/s/315c2de0 June 9: European Luxury Closes Higher, Watch Retail Lower; Signet Gains After Its Buyback, Gold Slips
European 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260609
- Market reports: https://altfndata.com/go/cp-260609-r
- Podcast episodes: https://altfndata.com/go/cp-260609-p

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 higher

The 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 persists

Watch 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 repurchase

Jewellery 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 Saturday

Auctions 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)

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

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 9: European Luxury Closes Higher, Watch Retail Lower; Signet Gains After Its Buyback, Gold Slips
European 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260609
- Market reports: https://altfndata.com/go/cp-260609-r
- Podcast episodes: https://altfndata.com/go/cp-260609-p

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 higher

The 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 persists

Watch 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 repurchase

Jewellery 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 Saturday

Auctions 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)

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

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

]]> Tue, 09 Jun 2026 20:11:35 -0400 ALT/FNDATA ALT/FNDATA 374 June 9: European Luxury Closes Higher, Watch Retail Lower; Signet Gains After Its Buyback, Gold Slips
European 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260609
- Market reports: https://altfndata.com/go/cp-260609-r
- Podcast episodes: https://altfndata.com/go/cp-260609-p

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 higher

The 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 persists

Watch 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 repurchase

Jewellery 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 Saturday

Auctions 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)

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

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

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi Luxury Opens Lower; Signet Buys Back, Ferrari Holds, Three Watch Launches 6 6 Luxury Opens Lower; Signet Buys Back, Ferrari Holds, Three Watch Launches full 892807f9-f236-456e-9e57-fb31f2205f36 https://share.transistor.fm/s/07e47ea2 June 8: Luxury Market Opens Lower; Signet Announces $50M Buyback, Ferrari Holds  Premium, Three Watch Brands Launch Products. 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260608
- Market reports: https://altfndata.com/go/cp-260608-r
- Podcast episodes: https://altfndata.com/go/cp-260608-p

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% lower

The 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 backdrop

Signet 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 retail

Watch 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 equity

Ferrari — The Outlier
- Ferrari (RACE) remains the sector's outlier and Porsche moving to protect scarcity and pricing the way Ferrari long has
- Ferrari posted a 29.5% operating margin in 2025

Auctions 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, Reno

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

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 $50M Buyback, Ferrari Holds  Premium, Three Watch Brands Launch Products. 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260608
- Market reports: https://altfndata.com/go/cp-260608-r
- Podcast episodes: https://altfndata.com/go/cp-260608-p

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% lower

The 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 backdrop

Signet 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 retail

Watch 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 equity

Ferrari — The Outlier
- Ferrari (RACE) remains the sector's outlier and Porsche moving to protect scarcity and pricing the way Ferrari long has
- Ferrari posted a 29.5% operating margin in 2025

Auctions 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, Reno

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

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

]]> Mon, 08 Jun 2026 21:01:03 -0400 ALT/FNDATA ALT/FNDATA 293 June 8: Luxury Market Opens Lower; Signet Announces $50M Buyback, Ferrari Holds  Premium, Three Watch Brands Launch Products. 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.

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260608
- Market reports: https://altfndata.com/go/cp-260608-r
- Podcast episodes: https://altfndata.com/go/cp-260608-p

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% lower

The 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 backdrop

Signet 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 retail

Watch 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 equity

Ferrari — The Outlier
- Ferrari (RACE) remains the sector's outlier and Porsche moving to protect scarcity and pricing the way Ferrari long has
- Ferrari posted a 29.5% operating margin in 2025

Auctions 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, Reno

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

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

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi BofA Upgrades LVMH and Zegna to Buy; Kering Up 49% Over Three Months 5 5 BofA Upgrades LVMH and Zegna to Buy; Kering Up 49% Over Three Months full a012378c-5465-4257-992e-bb868ebd7648 https://share.transistor.fm/s/e6405677 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.L

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260605
- Market reports: https://altfndata.com/go/cp-260605-r
- Podcast episodes: https://altfndata.com/go/cp-260605-p

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 654.70

Zegna — Los Angeles
- Summer 2027 runway show staged in LA today
- Villa Zegna invitation-only private club opened in Hollywood

Pace 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 pipelines

Week 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 restructuring

Auctions 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 4

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

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.L

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260605
- Market reports: https://altfndata.com/go/cp-260605-r
- Podcast episodes: https://altfndata.com/go/cp-260605-p

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 654.70

Zegna — Los Angeles
- Summer 2027 runway show staged in LA today
- Villa Zegna invitation-only private club opened in Hollywood

Pace 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 pipelines

Week 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 restructuring

Auctions 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 4

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

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

]]> Fri, 05 Jun 2026 18:45:06 -0400 ALT/FNDATA ALT/FNDATA 237 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.L

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260605
- Market reports: https://altfndata.com/go/cp-260605-r
- Podcast episodes: https://altfndata.com/go/cp-260605-p

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 654.70

Zegna — Los Angeles
- Summer 2027 runway show staged in LA today
- Villa Zegna invitation-only private club opened in Hollywood

Pace 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 pipelines

Week 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 restructuring

Auctions 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 4

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

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

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi Five Watch Auctions in Seven Days; Ferrari 599XX Leads Tegernsee at EUR 2.5M 4 4 Five Watch Auctions in Seven Days; Ferrari 599XX Leads Tegernsee at EUR 2.5M full 1ef7226f-34d4-4a8c-a59a-ed0b3d082de6 https://share.transistor.fm/s/8cb811ba June 4: Five Watch Auctions in Seven Days; Ferrari 599XX Leads Tegernsee at EUR 2.5M
Auto sector equities, Centre Pompidou Seoul opens, and a packed watch auction calendar ahead.
Tickers covered: MC.PA | CFR.SW | UHR.SW | RACE | WOSG.L

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260604
- Market reports: https://altfndata.com/go/cp-260604-r
- Podcast episodes: https://altfndata.com/go/cp-260604-p

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 7.1B

RM Sotheby's Tegernsee Consignment (July 4)
- 2009 Ferrari 599XX Evo: EUR 2M–2.5M (headline lot)
- 2004 Porsche Carrera GT: EUR 1.2M–1.6M

Centre 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 April

Sector 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 week

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also 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 4: Five Watch Auctions in Seven Days; Ferrari 599XX Leads Tegernsee at EUR 2.5M
Auto sector equities, Centre Pompidou Seoul opens, and a packed watch auction calendar ahead.
Tickers covered: MC.PA | CFR.SW | UHR.SW | RACE | WOSG.L

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260604
- Market reports: https://altfndata.com/go/cp-260604-r
- Podcast episodes: https://altfndata.com/go/cp-260604-p

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 7.1B

RM Sotheby's Tegernsee Consignment (July 4)
- 2009 Ferrari 599XX Evo: EUR 2M–2.5M (headline lot)
- 2004 Porsche Carrera GT: EUR 1.2M–1.6M

Centre 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 April

Sector 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 week

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also 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

]]> Thu, 04 Jun 2026 18:20:24 -0400 ALT/FNDATA ALT/FNDATA 232 June 4: Five Watch Auctions in Seven Days; Ferrari 599XX Leads Tegernsee at EUR 2.5M
Auto sector equities, Centre Pompidou Seoul opens, and a packed watch auction calendar ahead.
Tickers covered: MC.PA | CFR.SW | UHR.SW | RACE | WOSG.L

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260604
- Market reports: https://altfndata.com/go/cp-260604-r
- Podcast episodes: https://altfndata.com/go/cp-260604-p

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 7.1B

RM Sotheby's Tegernsee Consignment (July 4)
- 2009 Ferrari 599XX Evo: EUR 2M–2.5M (headline lot)
- 2004 Porsche Carrera GT: EUR 1.2M–1.6M

Centre 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 April

Sector 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 week

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also 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

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi Swiss Watch Exports Fall 17%; Hong Kong Luxury Sales Up 20% 3 3 Swiss Watch Exports Fall 17%; Hong Kong Luxury Sales Up 20% full 820dad61-42a4-4ca8-861f-7ab08581b725 https://share.transistor.fm/s/89961e4e June 3: Swiss Watch Exports Fall 17%; Hong Kong Luxury Sales Up 20%
Swiss watch exports, Hong Kong luxury retail, and the diamond supply picture.
Tickers covered: UHR.SW | CFR.SW | WOSG.L | MC.PA | SIG

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260603
- Market reports: https://altfndata.com/go/cp-260603-r
- Podcast episodes: https://altfndata.com/go/cp-260603-p

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% YTD

Diamond 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 sales

Sector 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 guidance

 Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Luxury Spending — Wednesdays at 8 AM ET

]]> June 3: Swiss Watch Exports Fall 17%; Hong Kong Luxury Sales Up 20%
Swiss watch exports, Hong Kong luxury retail, and the diamond supply picture.
Tickers covered: UHR.SW | CFR.SW | WOSG.L | MC.PA | SIG

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260603
- Market reports: https://altfndata.com/go/cp-260603-r
- Podcast episodes: https://altfndata.com/go/cp-260603-p

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% YTD

Diamond 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 sales

Sector 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 guidance

 Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Luxury Spending — Wednesdays at 8 AM ET

]]> Thu, 04 Jun 2026 00:43:37 -0400 ALT/FNDATA ALT/FNDATA 227 June 3: Swiss Watch Exports Fall 17%; Hong Kong Luxury Sales Up 20%
Swiss watch exports, Hong Kong luxury retail, and the diamond supply picture.
Tickers covered: UHR.SW | CFR.SW | WOSG.L | MC.PA | SIG

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260603
- Market reports: https://altfndata.com/go/cp-260603-r
- Podcast episodes: https://altfndata.com/go/cp-260603-p

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% YTD

Diamond 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 sales

Sector 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 guidance

 Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Luxury Spending — Wednesdays at 8 AM ET

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi Watches of Switzerland Surges 14%; Richemont Named Top Pick at Four Banks 2 2 Watches of Switzerland Surges 14%; Richemont Named Top Pick at Four Banks full e60b35ce-92d7-4dac-9d2a-e6c6a7540f34 https://share.transistor.fm/s/b4bb8e9f 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.SW

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260602
- Market reports: https://altfndata.com/go/cp-260602-r
- Podcast episodes: https://altfndata.com/go/cp-260602-p

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 currency

Analyst 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 share

China 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 goods

Sector 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 2.75

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Art Market — Tuesdays 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.SW

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260602
- Market reports: https://altfndata.com/go/cp-260602-r
- Podcast episodes: https://altfndata.com/go/cp-260602-p

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 currency

Analyst 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 share

China 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 goods

Sector 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 2.75

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Art Market — Tuesdays at 8 AM ET

]]> Tue, 02 Jun 2026 20:10:19 -0400 ALT/FNDATA ALT/FNDATA 213 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.SW

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260602
- Market reports: https://altfndata.com/go/cp-260602-r
- Podcast episodes: https://altfndata.com/go/cp-260602-p

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 currency

Analyst 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 share

China 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 goods

Sector 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 2.75

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Art Market — Tuesdays at 8 AM ET

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi LVMH at 52-Week Low as Christie's Posts $1.1B Night 1 1 LVMH at 52-Week Low as Christie's Posts $1.1B Night full bf313ae0-b303-4dc7-b9e0-e5f605dde49c https://share.transistor.fm/s/2aea3ece 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 | ZGN

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260601
- Market reports: https://altfndata.com/go/cp-260601-r
- Podcast episodes: https://altfndata.com/go/cp-260601-p

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 $181M

Richemont (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 Spiro

Ferrari (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 ~$34,000

Burberry (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 months

Week ahead:
- Zegna (ZGN) runway show in Los Angeles, Friday
- RM Sotheby's boutique auction, Bavaria, Thursday-Friday
- Sotheby's Magnificent Jewels, New York, June 9

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET: Your daily briefing on global auctions and luxury alternative assets

]]> 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 | ZGN

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260601
- Market reports: https://altfndata.com/go/cp-260601-r
- Podcast episodes: https://altfndata.com/go/cp-260601-p

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 $181M

Richemont (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 Spiro

Ferrari (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 ~$34,000

Burberry (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 months

Week ahead:
- Zegna (ZGN) runway show in Los Angeles, Friday
- RM Sotheby's boutique auction, Bavaria, Thursday-Friday
- Sotheby's Magnificent Jewels, New York, June 9

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET: Your daily briefing on global auctions and luxury alternative assets

]]> Mon, 01 Jun 2026 19:00:10 -0400 ALT/FNDATA ALT/FNDATA 281 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 | ZGN

ALT/FNDATA
- Book a Data Sandbox demo: https://altfndata.com/go/cp-260601
- Market reports: https://altfndata.com/go/cp-260601-r
- Podcast episodes: https://altfndata.com/go/cp-260601-p

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 $181M

Richemont (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 Spiro

Ferrari (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 ~$34,000

Burberry (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 months

Week ahead:
- Zegna (ZGN) runway show in Los Angeles, Friday
- RM Sotheby's boutique auction, Bavaria, Thursday-Friday
- Sotheby's Magnificent Jewels, New York, June 9

Disclosure: ALT/FNDATA provides data and analysis, not investment advice.

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET: Your daily briefing on global auctions and luxury alternative assets

]]> stock market investing luxury market auctions luxury stocks alternative data alternative assets auction market collectibles watches jewelry fine art luxury market systematic investing equity analysis LVMH Hermès resale market No Sharon Obuobi