Open Bid — Daily Morning Briefing on Auctions, Luxury & Markets Transistor (https://transistor.fm) https://feeds.transistor.fm/open-bid Open Bid is your weekday-morning briefing on the world of luxury and collectibles. In under five minutes, host Sharon Obuobi covers the biggest stories across fine art, jewelry, watches, handbags, and collector cars — the record auction results, the moves inside the luxury houses, and what the markets are doing that morning — all backed by proprietary data from ALT/FNDATA. Whether you collect, invest, or just love this world, it's the fastest way to start the day informed. Learn more at www.altfndata.com. Copyright Oarbt Inc. a637f6b5-667f-5fd4-a5b6-5723e865c8d9 yes Sharon Obuobi en Thu, 23 Jul 2026 20:53:22 -0400 Thu, 23 Jul 2026 20:54:11 -0400 https://altfndata.com https://img.transistorcdn.com/JqvpfHsb5FCLbVucUawZM-IJPm5O1MYuHqOnXpvq-vg/rs:fill:0:0:1/w:1400/h:1400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8yZjBi/ZDI5ODQ1ZTAwOTg3/MzMyNTZmOTEwNTY2/NDFiYS5wbmc.jpg Open Bid — Daily Morning Briefing on Auctions, Luxury & Markets https://altfndata.com episodic ALT/FNDATA Open Bid is your weekday-morning briefing on the world of luxury and collectibles. In under five minutes, host Sharon Obuobi covers the biggest stories across fine art, jewelry, watches, handbags, and collector cars — the record auction results, the moves inside the luxury houses, and what the markets are doing that morning — all backed by proprietary data from ALT/FNDATA. Whether you collect, invest, or just love this world, it's the fastest way to start the day informed. Learn more at www.altfndata.com. Open Bid is your weekday-morning briefing on the world of luxury and collectibles. luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing ALT/FNDATA info@altfndata.com No No Luxury Stocks Finally Move With the Saleroom: Richemont's 24% Jewelry Surge, a Record $6.8 Billion Half, and the Largest Memorabilia Sale Ever 26 26 Luxury Stocks Finally Move With the Saleroom: Richemont's 24% Jewelry Surge, a Record $6.8 Billion Half, and the Largest Memorabilia Sale Ever full 7e1316a1-287e-407f-88b9-b93e9bb9080e https://share.transistor.fm/s/4727d432 July 20: Luxury Stocks Finally Move With the Saleroom: Richemont's 24% Jewelry Surge, a Record $6.8 Billion Half, and the Largest Memorabilia Sale Ever
For months the listed luxury names have slid while the auction rooms kept setting records. This week that pattern finally broke, and the spark was Richemont, the Swiss group behind Cartier, whose results beat expectations and lifted the entire sector. Two things drove it, and both matter far beyond one company: a double-digit sales rebound in greater China, and a 24 percent surge in jewelry, the hardest and scarcest end of luxury. In the same stretch the big three auction houses posted their strongest first half since 2022, and a single memorabilia collection became the largest ever sold. Underneath it all is the pattern we keep coming back to, a three-speed market in which the top is racing, the everyday base is broadening, and the aspirational middle is being pulled along.

ALT/FNDATA
- Get Started: https://altfndata.com/start
- Market reports: https://altfndata.com/reports
- All shows and platforms: https://altfndata.com/podcasts

The Markets
- The tape broke a pattern it had held for months. Richemont's results sent its shares up more than 7 percent, their best day since April, and that single result lifted the whole sector.
- Hermès, LVMH and Kering, the owner of Gucci, all rose between 2 and 3 percent, and Swatch, the maker of Omega and Tissot, jumped nearly 4 percent.
- Into the new week the majors gave a little back, with LVMH easing to around 485 euros. Gold held near the record highs it set earlier this year.

Why the Stocks Turned
- China: Richemont reported double-digit sales growth in the greater China region, the clearest sign yet that the Chinese luxury buyer, whose retreat has weighed on the sector for two years, may be returning.
- Jewelry. Richemont's jewelry division, home to Cartier and Van Cleef and Arpels, grew sales 24 percent, a seventh straight quarter of double-digit growth. This is the hardest, scarcest end of luxury, and the corner our own data has flagged as the strongest all year.

The Record Half
- Christie's, Sotheby's and Phillips together sold about 6.8 billion dollars in the first half, up roughly 70 percent year on year and the strongest first half since 2022.
- Christie's alone brought in 4.5 billion. Sotheby's turnover reached an all-time high. Sell-through rates at both houses sat around 90 percent, a sign of real depth rather than a few trophies flattering the total.
- The growth came from two engines: the trophy lots at the very top and the luxury goods, the watches and jewelry, at the more accessible end.
- The everyday base set a record too, as the collection of the late Jim Irsay, longtime owner of the Indianapolis Colts, brought 105.2 million dollars across five Christie's sales, the largest memorabilia sale ever held.

Coming to the Block
- Monterey, in California, next month: RM Sotheby's leads with an Aston Martin DB4 GT Zagato, one of the most coveted cars ever built.
- The Goodwood Revival this autumn: a 1925 Bugatti Type 35C, a genuine pre-war Grand Prix car, goes up with no reserve.
- Live at auction right now: a rare Rolex GMT-Master II and a Patek Philippe World Time.

The Three-Speed Read
- The top of the market, the genuinely rare and hand-made, is racing. The everyday collectibles base, the coins and the memorabilia, is broadening. The aspirational middle, the logo handbags and mall luxury, is being pulled along rather than leading.
- This week the fastest lane pulled the other two up with it. That split is exactly what our data exists to measure, lot by lot.

Quick Hits
- Rolex is marking 100 years of the Oyster, the case that made the modern waterproof watch, with a run of centennial models. Heritage itself has become a form of value.
- Christie's in London handed its summer exhibition, for the first time, to a South Asian institution, showing the collection of the Kiran Nadar Museum of Art from New Delhi.
- The world record for a single bottle of wine now stands at 812,500 dollars, paid for a 1945 Domaine de la Romanée-Conti, a Burgundy so rare that only a few hundred bottles of that vintage were ever made.

By the Numbers
- Richemont: sales +20 percent to 6.33 billion euros (ahead of the 5.90 billion expected); shares +7 percent; jewelry +24 percent, a seventh straight double-digit quarter.
- Auction first half: about 6.8 billion dollars across the big three, +70 percent, strongest since 2022. Christie's 4.5 billion; Sotheby's turnover an all-time high; ~90 percent sell-through.
- Jim Irsay Collection: 105.2 million dollars, the largest memorabilia sale ever.
- Monterey week record, for context: 48.4 million dollars (1962 Ferrari 250 GTO).

The Read
- The divergence we have tracked all year finally narrowed, and it narrowed from the top down, led by the hardest luxury. The open question is whether it lasts or whether it was one strong quarter from one strong house. If the listed names keep following the saleroom, the gap keeps closing; if the rally fades, it simply reopens.

Also from ALT/FNDATA:
- Luxury Spending — Tuesday
- Art Market — Wednesday
- Auto Market — Thursday
- Closing Price — Friday
- The Wealth Signal — the weekly newsletter on LinkedIn

]]> July 20: Luxury Stocks Finally Move With the Saleroom: Richemont's 24% Jewelry Surge, a Record $6.8 Billion Half, and the Largest Memorabilia Sale Ever
For months the listed luxury names have slid while the auction rooms kept setting records. This week that pattern finally broke, and the spark was Richemont, the Swiss group behind Cartier, whose results beat expectations and lifted the entire sector. Two things drove it, and both matter far beyond one company: a double-digit sales rebound in greater China, and a 24 percent surge in jewelry, the hardest and scarcest end of luxury. In the same stretch the big three auction houses posted their strongest first half since 2022, and a single memorabilia collection became the largest ever sold. Underneath it all is the pattern we keep coming back to, a three-speed market in which the top is racing, the everyday base is broadening, and the aspirational middle is being pulled along.

ALT/FNDATA
- Get Started: https://altfndata.com/start
- Market reports: https://altfndata.com/reports
- All shows and platforms: https://altfndata.com/podcasts

The Markets
- The tape broke a pattern it had held for months. Richemont's results sent its shares up more than 7 percent, their best day since April, and that single result lifted the whole sector.
- Hermès, LVMH and Kering, the owner of Gucci, all rose between 2 and 3 percent, and Swatch, the maker of Omega and Tissot, jumped nearly 4 percent.
- Into the new week the majors gave a little back, with LVMH easing to around 485 euros. Gold held near the record highs it set earlier this year.

Why the Stocks Turned
- China: Richemont reported double-digit sales growth in the greater China region, the clearest sign yet that the Chinese luxury buyer, whose retreat has weighed on the sector for two years, may be returning.
- Jewelry. Richemont's jewelry division, home to Cartier and Van Cleef and Arpels, grew sales 24 percent, a seventh straight quarter of double-digit growth. This is the hardest, scarcest end of luxury, and the corner our own data has flagged as the strongest all year.

The Record Half
- Christie's, Sotheby's and Phillips together sold about 6.8 billion dollars in the first half, up roughly 70 percent year on year and the strongest first half since 2022.
- Christie's alone brought in 4.5 billion. Sotheby's turnover reached an all-time high. Sell-through rates at both houses sat around 90 percent, a sign of real depth rather than a few trophies flattering the total.
- The growth came from two engines: the trophy lots at the very top and the luxury goods, the watches and jewelry, at the more accessible end.
- The everyday base set a record too, as the collection of the late Jim Irsay, longtime owner of the Indianapolis Colts, brought 105.2 million dollars across five Christie's sales, the largest memorabilia sale ever held.

Coming to the Block
- Monterey, in California, next month: RM Sotheby's leads with an Aston Martin DB4 GT Zagato, one of the most coveted cars ever built.
- The Goodwood Revival this autumn: a 1925 Bugatti Type 35C, a genuine pre-war Grand Prix car, goes up with no reserve.
- Live at auction right now: a rare Rolex GMT-Master II and a Patek Philippe World Time.

The Three-Speed Read
- The top of the market, the genuinely rare and hand-made, is racing. The everyday collectibles base, the coins and the memorabilia, is broadening. The aspirational middle, the logo handbags and mall luxury, is being pulled along rather than leading.
- This week the fastest lane pulled the other two up with it. That split is exactly what our data exists to measure, lot by lot.

Quick Hits
- Rolex is marking 100 years of the Oyster, the case that made the modern waterproof watch, with a run of centennial models. Heritage itself has become a form of value.
- Christie's in London handed its summer exhibition, for the first time, to a South Asian institution, showing the collection of the Kiran Nadar Museum of Art from New Delhi.
- The world record for a single bottle of wine now stands at 812,500 dollars, paid for a 1945 Domaine de la Romanée-Conti, a Burgundy so rare that only a few hundred bottles of that vintage were ever made.

By the Numbers
- Richemont: sales +20 percent to 6.33 billion euros (ahead of the 5.90 billion expected); shares +7 percent; jewelry +24 percent, a seventh straight double-digit quarter.
- Auction first half: about 6.8 billion dollars across the big three, +70 percent, strongest since 2022. Christie's 4.5 billion; Sotheby's turnover an all-time high; ~90 percent sell-through.
- Jim Irsay Collection: 105.2 million dollars, the largest memorabilia sale ever.
- Monterey week record, for context: 48.4 million dollars (1962 Ferrari 250 GTO).

The Read
- The divergence we have tracked all year finally narrowed, and it narrowed from the top down, led by the hardest luxury. The open question is whether it lasts or whether it was one strong quarter from one strong house. If the listed names keep following the saleroom, the gap keeps closing; if the rally fades, it simply reopens.

Also from ALT/FNDATA:
- Luxury Spending — Tuesday
- Art Market — Wednesday
- Auto Market — Thursday
- Closing Price — Friday
- The Wealth Signal — the weekly newsletter on LinkedIn

]]> Thu, 23 Jul 2026 20:27:48 -0400 ALT/FNDATA ALT/FNDATA 410 July 20: Luxury Stocks Finally Move With the Saleroom: Richemont's 24% Jewelry Surge, a Record $6.8 Billion Half, and the Largest Memorabilia Sale Ever
For months the listed luxury names have slid while the auction rooms kept setting records. This week that pattern finally broke, and the spark was Richemont, the Swiss group behind Cartier, whose results beat expectations and lifted the entire sector. Two things drove it, and both matter far beyond one company: a double-digit sales rebound in greater China, and a 24 percent surge in jewelry, the hardest and scarcest end of luxury. In the same stretch the big three auction houses posted their strongest first half since 2022, and a single memorabilia collection became the largest ever sold. Underneath it all is the pattern we keep coming back to, a three-speed market in which the top is racing, the everyday base is broadening, and the aspirational middle is being pulled along.

ALT/FNDATA
- Get Started: https://altfndata.com/start
- Market reports: https://altfndata.com/reports
- All shows and platforms: https://altfndata.com/podcasts

The Markets
- The tape broke a pattern it had held for months. Richemont's results sent its shares up more than 7 percent, their best day since April, and that single result lifted the whole sector.
- Hermès, LVMH and Kering, the owner of Gucci, all rose between 2 and 3 percent, and Swatch, the maker of Omega and Tissot, jumped nearly 4 percent.
- Into the new week the majors gave a little back, with LVMH easing to around 485 euros. Gold held near the record highs it set earlier this year.

Why the Stocks Turned
- China: Richemont reported double-digit sales growth in the greater China region, the clearest sign yet that the Chinese luxury buyer, whose retreat has weighed on the sector for two years, may be returning.
- Jewelry. Richemont's jewelry division, home to Cartier and Van Cleef and Arpels, grew sales 24 percent, a seventh straight quarter of double-digit growth. This is the hardest, scarcest end of luxury, and the corner our own data has flagged as the strongest all year.

The Record Half
- Christie's, Sotheby's and Phillips together sold about 6.8 billion dollars in the first half, up roughly 70 percent year on year and the strongest first half since 2022.
- Christie's alone brought in 4.5 billion. Sotheby's turnover reached an all-time high. Sell-through rates at both houses sat around 90 percent, a sign of real depth rather than a few trophies flattering the total.
- The growth came from two engines: the trophy lots at the very top and the luxury goods, the watches and jewelry, at the more accessible end.
- The everyday base set a record too, as the collection of the late Jim Irsay, longtime owner of the Indianapolis Colts, brought 105.2 million dollars across five Christie's sales, the largest memorabilia sale ever held.

Coming to the Block
- Monterey, in California, next month: RM Sotheby's leads with an Aston Martin DB4 GT Zagato, one of the most coveted cars ever built.
- The Goodwood Revival this autumn: a 1925 Bugatti Type 35C, a genuine pre-war Grand Prix car, goes up with no reserve.
- Live at auction right now: a rare Rolex GMT-Master II and a Patek Philippe World Time.

The Three-Speed Read
- The top of the market, the genuinely rare and hand-made, is racing. The everyday collectibles base, the coins and the memorabilia, is broadening. The aspirational middle, the logo handbags and mall luxury, is being pulled along rather than leading.
- This week the fastest lane pulled the other two up with it. That split is exactly what our data exists to measure, lot by lot.

Quick Hits
- Rolex is marking 100 years of the Oyster, the case that made the modern waterproof watch, with a run of centennial models. Heritage itself has become a form of value.
- Christie's in London handed its summer exhibition, for the first time, to a South Asian institution, showing the collection of the Kiran Nadar Museum of Art from New Delhi.
- The world record for a single bottle of wine now stands at 812,500 dollars, paid for a 1945 Domaine de la Romanée-Conti, a Burgundy so rare that only a few hundred bottles of that vintage were ever made.

By the Numbers
- Richemont: sales +20 percent to 6.33 billion euros (ahead of the 5.90 billion expected); shares +7 percent; jewelry +24 percent, a seventh straight double-digit quarter.
- Auction first half: about 6.8 billion dollars across the big three, +70 percent, strongest since 2022. Christie's 4.5 billion; Sotheby's turnover an all-time high; ~90 percent sell-through.
- Jim Irsay Collection: 105.2 million dollars, the largest memorabilia sale ever.
- Monterey week record, for context: 48.4 million dollars (1962 Ferrari 250 GTO).

The Read
- The divergence we have tracked all year finally narrowed, and it narrowed from the top down, led by the hardest luxury. The open question is whether it lasts or whether it was one strong quarter from one strong house. If the listed names keep following the saleroom, the gap keeps closing; if the rally fades, it simply reopens.

Also from ALT/FNDATA:
- Luxury Spending — Tuesday
- Art Market — Wednesday
- Auto Market — Thursday
- Closing Price — Friday
- The Wealth Signal — the weekly newsletter on LinkedIn

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi The Collectibles Boom Reaches the Coins and Comics: Heritage's $1.4B Record, a 900-Work Sotheby's Trove, and the Modigliani That Trailed the S&P 25 25 The Collectibles Boom Reaches the Coins and Comics: Heritage's $1.4B Record, a 900-Work Sotheby's Trove, and the Modigliani That Trailed the S&P full a12e884e-0100-4a9c-8bb7-e7f5da6f932d https://share.transistor.fm/s/8bed5ded July 13: The Collectibles Boom Reaches the Coins and Comics: Heritage's $1.4B Record, a 900-Work Sotheby's Trove, and the Modigliani That Trailed the S&P
This week the strength that began at the very top of the art world reached all the way down to the coins and the comic books. Heritage Auctions, the largest auctioneer of everyday collectibles in the world, posted a record first half of about 1.4 billion dollars and said plainly that the collecting market is broadening, and an independent report from ArtTactic found the major houses have genuinely recovered. Three unrelated sales, a 900-work private trove at Sotheby's, a rare Lamborghini Diablo, and an animatronic bear tied to Jeff Koons, showed how wide the appetite has become. And our own research asked the question no one else did: what did that record 63.9 million dollar Modigliani actually return? Less than a plain index fund.

ALT/FNDATA
- Get Started: https://altfndata.com/start
- Market reports: https://altfndata.com/reports
- All shows and platforms: https://altfndata.com/audio

Heritage Sets a Record, and the Boom Broadens
- Heritage Auctions posted a record first half of about 1.4 billion dollars. Unlike Christie's and Sotheby's at the blue-chip end, Heritage is the world's largest house for the collectibles most people grew up with, the coins, comic books, trading cards, and sports and film memorabilia.
- The company made a point of saying the collecting market is getting broad, with more categories, more buyers, and more price points rising at once.
- Independent confirmation: the research firm ArtTactic found the major auction houses have genuinely recovered this year. The strength that began at the top, with a 63.9 million dollar Modigliani, is now reaching the everyday collector.

What's Coming to Market (Three Separate Sales)
- Sotheby's unveiled Magnum Opus, 900 works from a single private owner, one of the largest collections to come to auction in years.
- One of the rarest Lamborghini Diablos ever built is heading to sale in the collector-car market.
- A large animatronic bear said to have inspired the artist Jeff Koons is going to the block. Three unrelated sales, three different worlds, all active at once.

Provenance Cuts Both Ways
- A strong current of restitution ran through the week: more than a thousand repatriated artefacts went on display in Bogotá, and the United States returned two looted bronze Buddha statues.
- Provenance, the documented history of who owned an object, has become one of the most powerful forces in this market, and it works in both directions. A clean history adds value; a tainted one takes it away.

The Finding: A Record Price Is Not a Return
- Everyone saw the headline 63.9 million dollar Modigliani. We asked what it returned. Bought in 1995 for 12.4 million dollars, sold this year for 63.9 million, that is about 5.4 percent a year across 31 years of ownership.
- A plain index fund compounded at nearly double that rate over the same span. The same 12.4 million put into the S&P in 1995 would be worth far more today than the painting ever fetched at its record.

By the Numbers
- Heritage first half: about 1.4 billion dollars, a record.
- Modigliani: bought 12.4 million dollars (1995), sold 63.9 million dollars (2026), roughly 5.4 percent a year over 31 years.
- Sotheby's Magnum Opus: 900 works, single owner.
- Equities: the listed luxury names stayed soft, with LVMH slipping to around 490 euros even as the auction floor set records.

The Read
- The collectibles boom is no longer just a top-end story. It is broadening down-market to the coins and comics even as the listed luxury stocks lag, which is the divergence we track playing out across the whole market. But a record headline and a strong return are two very different things, and our data exists to tell them apart.

Links:
- ALT/FNDATA: https://www.altfndata.com
- Heritage Auctions reports a record first half (Heritage Press): https://www.ha.com
- Auction houses recovered in H1 2026 (ArtTactic): https://www.arttactic.com
- Sotheby's unveils the Magnum Opus collection (Sotheby's): https://www.sothebys.com
- Modigliani return analysis: ALT/FNDATA market data
- Prices: ALT/FNDATA market data and Yahoo Finance, https://finance.yahoo.com

Also from ALT/FNDATA:
- Luxury Spending — tomorrow, the $500,000 Rolex and the diamond quietly losing its crown
- Closing Price — Friday, the whole week pulled together
- The Wealth Signal — the weekly newsletter on LinkedIn

]]> July 13: The Collectibles Boom Reaches the Coins and Comics: Heritage's $1.4B Record, a 900-Work Sotheby's Trove, and the Modigliani That Trailed the S&P
This week the strength that began at the very top of the art world reached all the way down to the coins and the comic books. Heritage Auctions, the largest auctioneer of everyday collectibles in the world, posted a record first half of about 1.4 billion dollars and said plainly that the collecting market is broadening, and an independent report from ArtTactic found the major houses have genuinely recovered. Three unrelated sales, a 900-work private trove at Sotheby's, a rare Lamborghini Diablo, and an animatronic bear tied to Jeff Koons, showed how wide the appetite has become. And our own research asked the question no one else did: what did that record 63.9 million dollar Modigliani actually return? Less than a plain index fund.

ALT/FNDATA
- Get Started: https://altfndata.com/start
- Market reports: https://altfndata.com/reports
- All shows and platforms: https://altfndata.com/audio

Heritage Sets a Record, and the Boom Broadens
- Heritage Auctions posted a record first half of about 1.4 billion dollars. Unlike Christie's and Sotheby's at the blue-chip end, Heritage is the world's largest house for the collectibles most people grew up with, the coins, comic books, trading cards, and sports and film memorabilia.
- The company made a point of saying the collecting market is getting broad, with more categories, more buyers, and more price points rising at once.
- Independent confirmation: the research firm ArtTactic found the major auction houses have genuinely recovered this year. The strength that began at the top, with a 63.9 million dollar Modigliani, is now reaching the everyday collector.

What's Coming to Market (Three Separate Sales)
- Sotheby's unveiled Magnum Opus, 900 works from a single private owner, one of the largest collections to come to auction in years.
- One of the rarest Lamborghini Diablos ever built is heading to sale in the collector-car market.
- A large animatronic bear said to have inspired the artist Jeff Koons is going to the block. Three unrelated sales, three different worlds, all active at once.

Provenance Cuts Both Ways
- A strong current of restitution ran through the week: more than a thousand repatriated artefacts went on display in Bogotá, and the United States returned two looted bronze Buddha statues.
- Provenance, the documented history of who owned an object, has become one of the most powerful forces in this market, and it works in both directions. A clean history adds value; a tainted one takes it away.

The Finding: A Record Price Is Not a Return
- Everyone saw the headline 63.9 million dollar Modigliani. We asked what it returned. Bought in 1995 for 12.4 million dollars, sold this year for 63.9 million, that is about 5.4 percent a year across 31 years of ownership.
- A plain index fund compounded at nearly double that rate over the same span. The same 12.4 million put into the S&P in 1995 would be worth far more today than the painting ever fetched at its record.

By the Numbers
- Heritage first half: about 1.4 billion dollars, a record.
- Modigliani: bought 12.4 million dollars (1995), sold 63.9 million dollars (2026), roughly 5.4 percent a year over 31 years.
- Sotheby's Magnum Opus: 900 works, single owner.
- Equities: the listed luxury names stayed soft, with LVMH slipping to around 490 euros even as the auction floor set records.

The Read
- The collectibles boom is no longer just a top-end story. It is broadening down-market to the coins and comics even as the listed luxury stocks lag, which is the divergence we track playing out across the whole market. But a record headline and a strong return are two very different things, and our data exists to tell them apart.

Links:
- ALT/FNDATA: https://www.altfndata.com
- Heritage Auctions reports a record first half (Heritage Press): https://www.ha.com
- Auction houses recovered in H1 2026 (ArtTactic): https://www.arttactic.com
- Sotheby's unveils the Magnum Opus collection (Sotheby's): https://www.sothebys.com
- Modigliani return analysis: ALT/FNDATA market data
- Prices: ALT/FNDATA market data and Yahoo Finance, https://finance.yahoo.com

Also from ALT/FNDATA:
- Luxury Spending — tomorrow, the $500,000 Rolex and the diamond quietly losing its crown
- Closing Price — Friday, the whole week pulled together
- The Wealth Signal — the weekly newsletter on LinkedIn

]]> Wed, 15 Jul 2026 18:55:52 -0400 ALT/FNDATA ALT/FNDATA 302 July 13: The Collectibles Boom Reaches the Coins and Comics: Heritage's $1.4B Record, a 900-Work Sotheby's Trove, and the Modigliani That Trailed the S&P
This week the strength that began at the very top of the art world reached all the way down to the coins and the comic books. Heritage Auctions, the largest auctioneer of everyday collectibles in the world, posted a record first half of about 1.4 billion dollars and said plainly that the collecting market is broadening, and an independent report from ArtTactic found the major houses have genuinely recovered. Three unrelated sales, a 900-work private trove at Sotheby's, a rare Lamborghini Diablo, and an animatronic bear tied to Jeff Koons, showed how wide the appetite has become. And our own research asked the question no one else did: what did that record 63.9 million dollar Modigliani actually return? Less than a plain index fund.

ALT/FNDATA
- Get Started: https://altfndata.com/start
- Market reports: https://altfndata.com/reports
- All shows and platforms: https://altfndata.com/audio

Heritage Sets a Record, and the Boom Broadens
- Heritage Auctions posted a record first half of about 1.4 billion dollars. Unlike Christie's and Sotheby's at the blue-chip end, Heritage is the world's largest house for the collectibles most people grew up with, the coins, comic books, trading cards, and sports and film memorabilia.
- The company made a point of saying the collecting market is getting broad, with more categories, more buyers, and more price points rising at once.
- Independent confirmation: the research firm ArtTactic found the major auction houses have genuinely recovered this year. The strength that began at the top, with a 63.9 million dollar Modigliani, is now reaching the everyday collector.

What's Coming to Market (Three Separate Sales)
- Sotheby's unveiled Magnum Opus, 900 works from a single private owner, one of the largest collections to come to auction in years.
- One of the rarest Lamborghini Diablos ever built is heading to sale in the collector-car market.
- A large animatronic bear said to have inspired the artist Jeff Koons is going to the block. Three unrelated sales, three different worlds, all active at once.

Provenance Cuts Both Ways
- A strong current of restitution ran through the week: more than a thousand repatriated artefacts went on display in Bogotá, and the United States returned two looted bronze Buddha statues.
- Provenance, the documented history of who owned an object, has become one of the most powerful forces in this market, and it works in both directions. A clean history adds value; a tainted one takes it away.

The Finding: A Record Price Is Not a Return
- Everyone saw the headline 63.9 million dollar Modigliani. We asked what it returned. Bought in 1995 for 12.4 million dollars, sold this year for 63.9 million, that is about 5.4 percent a year across 31 years of ownership.
- A plain index fund compounded at nearly double that rate over the same span. The same 12.4 million put into the S&P in 1995 would be worth far more today than the painting ever fetched at its record.

By the Numbers
- Heritage first half: about 1.4 billion dollars, a record.
- Modigliani: bought 12.4 million dollars (1995), sold 63.9 million dollars (2026), roughly 5.4 percent a year over 31 years.
- Sotheby's Magnum Opus: 900 works, single owner.
- Equities: the listed luxury names stayed soft, with LVMH slipping to around 490 euros even as the auction floor set records.

The Read
- The collectibles boom is no longer just a top-end story. It is broadening down-market to the coins and comics even as the listed luxury stocks lag, which is the divergence we track playing out across the whole market. But a record headline and a strong return are two very different things, and our data exists to tell them apart.

Links:
- ALT/FNDATA: https://www.altfndata.com
- Heritage Auctions reports a record first half (Heritage Press): https://www.ha.com
- Auction houses recovered in H1 2026 (ArtTactic): https://www.arttactic.com
- Sotheby's unveils the Magnum Opus collection (Sotheby's): https://www.sothebys.com
- Modigliani return analysis: ALT/FNDATA market data
- Prices: ALT/FNDATA market data and Yahoo Finance, https://finance.yahoo.com

Also from ALT/FNDATA:
- Luxury Spending — tomorrow, the $500,000 Rolex and the diamond quietly losing its crown
- Closing Price — Friday, the whole week pulled together
- The Wealth Signal — the weekly newsletter on LinkedIn

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi A Tale of Two Deals in French Luxury: Chanel Buys Charvet While Moreau Is Sold in Court, and a $250 Bottle Sells for $35,000 24 24 A Tale of Two Deals in French Luxury: Chanel Buys Charvet While Moreau Is Sold in Court, and a $250 Bottle Sells for $35,000 full c4e90f51-db8e-40da-bafa-9732374b6779 https://share.transistor.fm/s/a1b879a4 July 2: A Tale of Two Deals in French Luxury: Chanel Buys Charvet as Moreau Is Sold in Court, the Most Expensive Tequila Ever Sells at Auction, and Luxury Shoppers Outrun the Brands on AI
A tale of two deals frames the day: Chanel buys the 188-year-old Parisian shirtmaker Charvet while the leather-goods house Moreau Paris is sold off through a court-supervised process, consolidation at the top and attrition below. A single bottle of tequila becomes the most expensive ever sold at auction, new research finds luxury's own affluent shoppers are adopting AI faster than the brands, watchmaking opens a new chapter, Richemont backs six emerging designers, and European luxury opens firmer.

ALT/FNDATA
- Membership (Save 15% with code PODCAST15): https://altfndata.com/go/ob-260702
- Market reports: https://altfndata.com/go/ob-260702-r
- Podcast episodes: https://altfndata.com/go/ob-260702-p

A Tale of Two Deals
- Chanel, the private house controlled by the Wertheimer family, has bought Charvet, the Parisian shirtmaker founded in 1838 on the Place Vendôme, to secure the 188-year-old company's future. Charvet has worked closely with Chanel's artistic director Matthieu Blazy. The great houses are spending to lock up craft that cannot be replaced.
- Meanwhile Moreau Paris, a maker of fine leather goods, is being sold through a court-supervised process, with strategic and financial buyers circling. Two deals, one picture: consolidation at the top, attrition below.

A Record at Auction
- A bottle of Clase Azul Día de Muertos añejo (2017, one of only 300 made), first sold for 250 dollars in Cabo San Lucas, fetched 35,000 dollars at a Sotheby's online sale, the most ever paid for a tequila at auction and roughly a 140x return in under a decade. Rare spirits have become one of the fastest-appreciating corners of the passion-asset world.

Luxury's Customers Race Ahead on AI
- New research from Bain & Company finds affluent shoppers are adopting generative AI to discover, compare and decide on purchases faster than the houses are adapting. An unusual reversal, with the wealthy buyer out ahead of the brands.

Watchmaking's Independent Turn
- François-Henri Bennahmias, the former chief executive of Audemars Piguet, is launching his own brand, N3W5, debuting at Dubai Watch Week next year.
- At the revived Universal Genève, chief executive Georges Kern is rebuilding the dormant name with a couture-house approach, and hints jewelry could follow. The energy in watches sits with founders and revivalists.

Richemont Backs the Next Generation
- Richemont (ticker CFR on the Swiss exchange, about 183 francs), owner of Cartier and Van Cleef & Arpels, is backing six emerging designers, helping them produce and sell their collections at a Paris pop-up this fall. A signal the establishment still sees room to grow the market, not just defend its share.

Quick Hits
- Messika unveiled a one-of-a-kind necklace set with a 20.46-carat blue diamond from Botswana, one of the largest and rarest such stones ever found in the country.
- Fred, the jeweler owned by LVMH, marks its 90th anniversary with a 101-carat yellow diamond, the Soleil d'Or, which returns to the house's vaults after a showing at Paris Couture Week.
- Looking ahead to July's sales: a dinosaur skeleton named Gus, a dramatic Highland landscape by Landseer, and an early model of the Statue of Liberty.

The Markets (Thursday open)
- European luxury opened firmer after the soft start to the half: Watches of Switzerland up almost 3 percent, LVMH, Kering and Hermès each modestly higher, Burberry down about half a percent. It went on to rally hard into the close; full read this evening on Closing Price.

Also from ALT/FNDATA:
- Closing Price — this evening, the day's signals
- Open Bid returns tomorrow 

]]> July 2: A Tale of Two Deals in French Luxury: Chanel Buys Charvet as Moreau Is Sold in Court, the Most Expensive Tequila Ever Sells at Auction, and Luxury Shoppers Outrun the Brands on AI
A tale of two deals frames the day: Chanel buys the 188-year-old Parisian shirtmaker Charvet while the leather-goods house Moreau Paris is sold off through a court-supervised process, consolidation at the top and attrition below. A single bottle of tequila becomes the most expensive ever sold at auction, new research finds luxury's own affluent shoppers are adopting AI faster than the brands, watchmaking opens a new chapter, Richemont backs six emerging designers, and European luxury opens firmer.

ALT/FNDATA
- Membership (Save 15% with code PODCAST15): https://altfndata.com/go/ob-260702
- Market reports: https://altfndata.com/go/ob-260702-r
- Podcast episodes: https://altfndata.com/go/ob-260702-p

A Tale of Two Deals
- Chanel, the private house controlled by the Wertheimer family, has bought Charvet, the Parisian shirtmaker founded in 1838 on the Place Vendôme, to secure the 188-year-old company's future. Charvet has worked closely with Chanel's artistic director Matthieu Blazy. The great houses are spending to lock up craft that cannot be replaced.
- Meanwhile Moreau Paris, a maker of fine leather goods, is being sold through a court-supervised process, with strategic and financial buyers circling. Two deals, one picture: consolidation at the top, attrition below.

A Record at Auction
- A bottle of Clase Azul Día de Muertos añejo (2017, one of only 300 made), first sold for 250 dollars in Cabo San Lucas, fetched 35,000 dollars at a Sotheby's online sale, the most ever paid for a tequila at auction and roughly a 140x return in under a decade. Rare spirits have become one of the fastest-appreciating corners of the passion-asset world.

Luxury's Customers Race Ahead on AI
- New research from Bain & Company finds affluent shoppers are adopting generative AI to discover, compare and decide on purchases faster than the houses are adapting. An unusual reversal, with the wealthy buyer out ahead of the brands.

Watchmaking's Independent Turn
- François-Henri Bennahmias, the former chief executive of Audemars Piguet, is launching his own brand, N3W5, debuting at Dubai Watch Week next year.
- At the revived Universal Genève, chief executive Georges Kern is rebuilding the dormant name with a couture-house approach, and hints jewelry could follow. The energy in watches sits with founders and revivalists.

Richemont Backs the Next Generation
- Richemont (ticker CFR on the Swiss exchange, about 183 francs), owner of Cartier and Van Cleef & Arpels, is backing six emerging designers, helping them produce and sell their collections at a Paris pop-up this fall. A signal the establishment still sees room to grow the market, not just defend its share.

Quick Hits
- Messika unveiled a one-of-a-kind necklace set with a 20.46-carat blue diamond from Botswana, one of the largest and rarest such stones ever found in the country.
- Fred, the jeweler owned by LVMH, marks its 90th anniversary with a 101-carat yellow diamond, the Soleil d'Or, which returns to the house's vaults after a showing at Paris Couture Week.
- Looking ahead to July's sales: a dinosaur skeleton named Gus, a dramatic Highland landscape by Landseer, and an early model of the Statue of Liberty.

The Markets (Thursday open)
- European luxury opened firmer after the soft start to the half: Watches of Switzerland up almost 3 percent, LVMH, Kering and Hermès each modestly higher, Burberry down about half a percent. It went on to rally hard into the close; full read this evening on Closing Price.

Also from ALT/FNDATA:
- Closing Price — this evening, the day's signals
- Open Bid returns tomorrow 

]]> Thu, 02 Jul 2026 21:00:06 -0400 ALT/FNDATA ALT/FNDATA 323 July 2: A Tale of Two Deals in French Luxury: Chanel Buys Charvet as Moreau Is Sold in Court, the Most Expensive Tequila Ever Sells at Auction, and Luxury Shoppers Outrun the Brands on AI
A tale of two deals frames the day: Chanel buys the 188-year-old Parisian shirtmaker Charvet while the leather-goods house Moreau Paris is sold off through a court-supervised process, consolidation at the top and attrition below. A single bottle of tequila becomes the most expensive ever sold at auction, new research finds luxury's own affluent shoppers are adopting AI faster than the brands, watchmaking opens a new chapter, Richemont backs six emerging designers, and European luxury opens firmer.

ALT/FNDATA
- Membership (Save 15% with code PODCAST15): https://altfndata.com/go/ob-260702
- Market reports: https://altfndata.com/go/ob-260702-r
- Podcast episodes: https://altfndata.com/go/ob-260702-p

A Tale of Two Deals
- Chanel, the private house controlled by the Wertheimer family, has bought Charvet, the Parisian shirtmaker founded in 1838 on the Place Vendôme, to secure the 188-year-old company's future. Charvet has worked closely with Chanel's artistic director Matthieu Blazy. The great houses are spending to lock up craft that cannot be replaced.
- Meanwhile Moreau Paris, a maker of fine leather goods, is being sold through a court-supervised process, with strategic and financial buyers circling. Two deals, one picture: consolidation at the top, attrition below.

A Record at Auction
- A bottle of Clase Azul Día de Muertos añejo (2017, one of only 300 made), first sold for 250 dollars in Cabo San Lucas, fetched 35,000 dollars at a Sotheby's online sale, the most ever paid for a tequila at auction and roughly a 140x return in under a decade. Rare spirits have become one of the fastest-appreciating corners of the passion-asset world.

Luxury's Customers Race Ahead on AI
- New research from Bain & Company finds affluent shoppers are adopting generative AI to discover, compare and decide on purchases faster than the houses are adapting. An unusual reversal, with the wealthy buyer out ahead of the brands.

Watchmaking's Independent Turn
- François-Henri Bennahmias, the former chief executive of Audemars Piguet, is launching his own brand, N3W5, debuting at Dubai Watch Week next year.
- At the revived Universal Genève, chief executive Georges Kern is rebuilding the dormant name with a couture-house approach, and hints jewelry could follow. The energy in watches sits with founders and revivalists.

Richemont Backs the Next Generation
- Richemont (ticker CFR on the Swiss exchange, about 183 francs), owner of Cartier and Van Cleef & Arpels, is backing six emerging designers, helping them produce and sell their collections at a Paris pop-up this fall. A signal the establishment still sees room to grow the market, not just defend its share.

Quick Hits
- Messika unveiled a one-of-a-kind necklace set with a 20.46-carat blue diamond from Botswana, one of the largest and rarest such stones ever found in the country.
- Fred, the jeweler owned by LVMH, marks its 90th anniversary with a 101-carat yellow diamond, the Soleil d'Or, which returns to the house's vaults after a showing at Paris Couture Week.
- Looking ahead to July's sales: a dinosaur skeleton named Gus, a dramatic Highland landscape by Landseer, and an early model of the Statue of Liberty.

The Markets (Thursday open)
- European luxury opened firmer after the soft start to the half: Watches of Switzerland up almost 3 percent, LVMH, Kering and Hermès each modestly higher, Burberry down about half a percent. It went on to rally hard into the close; full read this evening on Closing Price.

Also from ALT/FNDATA:
- Closing Price — this evening, the day's signals
- Open Bid returns tomorrow 

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi Christie's Old Masters Set 7 World Records While a Contemporary Collection Online Flops with 55% Sold; Lagerfeld's Sketches Come to Market at Sotheby's 23 23 Christie's Old Masters Set 7 World Records While a Contemporary Collection Online Flops with 55% Sold; Lagerfeld's Sketches Come to Market at Sotheby's full 895c6e9d-4b08-4cd9-a10f-4403d04462a4 https://share.transistor.fm/s/beee3f16 July 1: Christie's Old Masters Set 7 World Records While a Contemporary Collection Flops Online with 55% Unsold; Lagerfeld's Sketches Come to Market at Sotheby's
H2 2026 opens on the same split as the H1 with Christie's Classic Week setting seven world records in London while, online, a once-buzzy contemporary collection could barely find a buyer. Plus a thousand unseen Karl Lagerfeld sketches head to Sotheby's, Bugatti builds a one-off hypercar, and a soft open for European luxury to start the half.

ALT/FNDATA
- Membership (Use PODCAST15 for 15% off): https://altfndata.com/go/ob-260701
- Market reports: https://altfndata.com/go/ob-260701-r
- Podcast episodes: https://altfndata.com/go/ob-260701-p

A Tale of Two Salerooms
- Christie's Classic Week evening sales in London (Old Masters + The Exceptional Sale) made around 64 million dollars and set seven world auction records, led by Titian's Rest on the Flight into Egypt at 17.6 million pounds (about 22 million dollars), an artist record.
- The same week, Christie's online sale of the contemporary Zabludowicz works flopped: 55 percent of lots failed to sell, once-buzzy artists went for a fraction of old prices, one work fetched just 127 pounds. The flight to quality, lot by lot.

Lagerfeld Comes to Market
- Sotheby's is holding its sixth sale of the late Karl Lagerfeld's collection, including a thousand previously unseen sketches, plus his gloves, iPods and hundreds of drawings. A designer's archive as coveted as anything on the runway.

Quick Hits
- Bugatti unveiled a one-of-a-kind hypercar, the Mistral Blanc Éternel, a 1,578 hp roadster built with porcelain atelier KPM. More tomorrow on Auto Market.
- Loro Piana (LVMH) won a Turin injunction against copies of its White Sole shoes. At the top of luxury, the design is the asset worth defending.

The Markets (Wednesday open)
- European luxury opened soft to start H2: Burberry down almost 3 percent, LVMH off a fraction, Richemont down about 0.8 percent, Kering up about 1 percent (steadying after Monday's rout). Full read tonight on Closing Price.

Also from ALT/FNDATA:
- Luxury Spending — this weekend on watches, jewelry and handbags
- Closing Price — this evening, the day's signals
- Open Bid returns tomorrow

]]> July 1: Christie's Old Masters Set 7 World Records While a Contemporary Collection Flops Online with 55% Unsold; Lagerfeld's Sketches Come to Market at Sotheby's
H2 2026 opens on the same split as the H1 with Christie's Classic Week setting seven world records in London while, online, a once-buzzy contemporary collection could barely find a buyer. Plus a thousand unseen Karl Lagerfeld sketches head to Sotheby's, Bugatti builds a one-off hypercar, and a soft open for European luxury to start the half.

ALT/FNDATA
- Membership (Use PODCAST15 for 15% off): https://altfndata.com/go/ob-260701
- Market reports: https://altfndata.com/go/ob-260701-r
- Podcast episodes: https://altfndata.com/go/ob-260701-p

A Tale of Two Salerooms
- Christie's Classic Week evening sales in London (Old Masters + The Exceptional Sale) made around 64 million dollars and set seven world auction records, led by Titian's Rest on the Flight into Egypt at 17.6 million pounds (about 22 million dollars), an artist record.
- The same week, Christie's online sale of the contemporary Zabludowicz works flopped: 55 percent of lots failed to sell, once-buzzy artists went for a fraction of old prices, one work fetched just 127 pounds. The flight to quality, lot by lot.

Lagerfeld Comes to Market
- Sotheby's is holding its sixth sale of the late Karl Lagerfeld's collection, including a thousand previously unseen sketches, plus his gloves, iPods and hundreds of drawings. A designer's archive as coveted as anything on the runway.

Quick Hits
- Bugatti unveiled a one-of-a-kind hypercar, the Mistral Blanc Éternel, a 1,578 hp roadster built with porcelain atelier KPM. More tomorrow on Auto Market.
- Loro Piana (LVMH) won a Turin injunction against copies of its White Sole shoes. At the top of luxury, the design is the asset worth defending.

The Markets (Wednesday open)
- European luxury opened soft to start H2: Burberry down almost 3 percent, LVMH off a fraction, Richemont down about 0.8 percent, Kering up about 1 percent (steadying after Monday's rout). Full read tonight on Closing Price.

Also from ALT/FNDATA:
- Luxury Spending — this weekend on watches, jewelry and handbags
- Closing Price — this evening, the day's signals
- Open Bid returns tomorrow

]]> Wed, 01 Jul 2026 19:45:27 -0400 ALT/FNDATA ALT/FNDATA 297 July 1: Christie's Old Masters Set 7 World Records While a Contemporary Collection Flops Online with 55% Unsold; Lagerfeld's Sketches Come to Market at Sotheby's
H2 2026 opens on the same split as the H1 with Christie's Classic Week setting seven world records in London while, online, a once-buzzy contemporary collection could barely find a buyer. Plus a thousand unseen Karl Lagerfeld sketches head to Sotheby's, Bugatti builds a one-off hypercar, and a soft open for European luxury to start the half.

ALT/FNDATA
- Membership (Use PODCAST15 for 15% off): https://altfndata.com/go/ob-260701
- Market reports: https://altfndata.com/go/ob-260701-r
- Podcast episodes: https://altfndata.com/go/ob-260701-p

A Tale of Two Salerooms
- Christie's Classic Week evening sales in London (Old Masters + The Exceptional Sale) made around 64 million dollars and set seven world auction records, led by Titian's Rest on the Flight into Egypt at 17.6 million pounds (about 22 million dollars), an artist record.
- The same week, Christie's online sale of the contemporary Zabludowicz works flopped: 55 percent of lots failed to sell, once-buzzy artists went for a fraction of old prices, one work fetched just 127 pounds. The flight to quality, lot by lot.

Lagerfeld Comes to Market
- Sotheby's is holding its sixth sale of the late Karl Lagerfeld's collection, including a thousand previously unseen sketches, plus his gloves, iPods and hundreds of drawings. A designer's archive as coveted as anything on the runway.

Quick Hits
- Bugatti unveiled a one-of-a-kind hypercar, the Mistral Blanc Éternel, a 1,578 hp roadster built with porcelain atelier KPM. More tomorrow on Auto Market.
- Loro Piana (LVMH) won a Turin injunction against copies of its White Sole shoes. At the top of luxury, the design is the asset worth defending.

The Markets (Wednesday open)
- European luxury opened soft to start H2: Burberry down almost 3 percent, LVMH off a fraction, Richemont down about 0.8 percent, Kering up about 1 percent (steadying after Monday's rout). Full read tonight on Closing Price.

Also from ALT/FNDATA:
- Luxury Spending — this weekend on watches, jewelry and handbags
- Closing Price — this evening, the day's signals
- Open Bid returns tomorrow

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi Saks Turns the Page on Bankruptcy as Exemplar Luxury Group; Prime Day Hits $26.4B but Inflation Tells the Real Story; the Last Affordable Ferrari 22 22 Saks Turns the Page on Bankruptcy as Exemplar Luxury Group; Prime Day Hits $26.4B but Inflation Tells the Real Story; the Last Affordable Ferrari full 5dd97550-a19d-4ac8-9b6e-71b8108799c8 https://share.transistor.fm/s/a0534261 June 30: Saks Turns the Page on Bankruptcy as Exemplar Luxury Group; Prime Day Hits $26.4B but Inflation Tells the Real Story; the Last Affordable Ferrari
Today: Saks Global exits bankruptcy and rebrands as Exemplar Luxury Group; a record Prime Day turns out to be more an inflation story than a demand story; where the bargains still hide in the Ferrari market; plus the European open and a look ahead to Art Market.

ALT/FNDATA
- Membership (Use PODCAST15 for 15% on your first year): https://altfndata.com/go/ob-260630
- Market reports: https://altfndata.com/go/ob-260630-r
- Podcast episodes: https://altfndata.com/go/ob-260630-p

Saks Turns the Page
- Saks Global, the owner of Saks Fifth Avenue, has formally exited bankruptcy and rebranded as Exemplar Luxury Group. CEO Geoffroy van Raemdonck says the new identity marks a new chapter and a higher standard with brands, customers and staff.
- The takeaway: even with the top of the market thriving, the business of selling luxury, the department stores and multi-brand retailers, has had a hard decade. The brands are strong; the middlemen are under pressure.

And the Top Keeps Printing
- Christie's closed its Paris luxury season with a jewelry sale that totaled 10.5 million euros, double its presale estimate. The houses that sell luxury are under pressure, while the objects themselves have rarely been worth more.

A Record Prime Day, and What It Really Means
- Amazon's Prime Day drove a record 26.4 billion dollars over four days, up 9 percent, by Adobe Analytics' estimate (Amazon doesn't release its own figures). But Adobe attributes much of the growth to inflation, not to people buying more.
- The same split we keep tracking: real, record demand at the very top; bigger everyday numbers that are as much about higher prices as healthy appetite.

The Accessible End of Collecting
- In a market where trophy Ferraris trade for eight figures, Robb Report argues one Ferrari is still within reach: the Mondial, roughly 40,000 to 80,000 dollars, the cheapest way into the marque. It is cheap for specific reasons: a four-seater, never the fastest, and long overlooked by collectors.
- The catch: a cheap Ferrari is not a cheap car to own. Servicing costs the same as any Ferrari, a major service running past 30,000 dollars, more than half the price of the car.
- A reminder that the collector car market is not only the eight-figure headline. There is an accessible end, and it is often where the value sits. More on Thursday's Auto Market.

Quick Hits
- Hearts on Fire is marking its 30th anniversary by remaking itself from a diamond wholesaler into a fine-jewellery house, with its sights on Asia.
- Lululemon's shareholders backed the board, settling a public standoff with its founder.

The Markets (Tuesday open)
- European luxury opened under pressure: Kering down more than 3 percent (the soft spot), LVMH down about 0.9 percent, Hermès down about 0.7 percent, Burberry down about 2.2 percent, Richemont and Swatch close to flat. Full read tonight on Closing Price.

Also from ALT/FNDATA:
- Art Market — this morning, the week in the art world
- Closing Price — this evening, the day's signals
- Open Bid returns Wednesday 

]]> June 30: Saks Turns the Page on Bankruptcy as Exemplar Luxury Group; Prime Day Hits $26.4B but Inflation Tells the Real Story; the Last Affordable Ferrari
Today: Saks Global exits bankruptcy and rebrands as Exemplar Luxury Group; a record Prime Day turns out to be more an inflation story than a demand story; where the bargains still hide in the Ferrari market; plus the European open and a look ahead to Art Market.

ALT/FNDATA
- Membership (Use PODCAST15 for 15% on your first year): https://altfndata.com/go/ob-260630
- Market reports: https://altfndata.com/go/ob-260630-r
- Podcast episodes: https://altfndata.com/go/ob-260630-p

Saks Turns the Page
- Saks Global, the owner of Saks Fifth Avenue, has formally exited bankruptcy and rebranded as Exemplar Luxury Group. CEO Geoffroy van Raemdonck says the new identity marks a new chapter and a higher standard with brands, customers and staff.
- The takeaway: even with the top of the market thriving, the business of selling luxury, the department stores and multi-brand retailers, has had a hard decade. The brands are strong; the middlemen are under pressure.

And the Top Keeps Printing
- Christie's closed its Paris luxury season with a jewelry sale that totaled 10.5 million euros, double its presale estimate. The houses that sell luxury are under pressure, while the objects themselves have rarely been worth more.

A Record Prime Day, and What It Really Means
- Amazon's Prime Day drove a record 26.4 billion dollars over four days, up 9 percent, by Adobe Analytics' estimate (Amazon doesn't release its own figures). But Adobe attributes much of the growth to inflation, not to people buying more.
- The same split we keep tracking: real, record demand at the very top; bigger everyday numbers that are as much about higher prices as healthy appetite.

The Accessible End of Collecting
- In a market where trophy Ferraris trade for eight figures, Robb Report argues one Ferrari is still within reach: the Mondial, roughly 40,000 to 80,000 dollars, the cheapest way into the marque. It is cheap for specific reasons: a four-seater, never the fastest, and long overlooked by collectors.
- The catch: a cheap Ferrari is not a cheap car to own. Servicing costs the same as any Ferrari, a major service running past 30,000 dollars, more than half the price of the car.
- A reminder that the collector car market is not only the eight-figure headline. There is an accessible end, and it is often where the value sits. More on Thursday's Auto Market.

Quick Hits
- Hearts on Fire is marking its 30th anniversary by remaking itself from a diamond wholesaler into a fine-jewellery house, with its sights on Asia.
- Lululemon's shareholders backed the board, settling a public standoff with its founder.

The Markets (Tuesday open)
- European luxury opened under pressure: Kering down more than 3 percent (the soft spot), LVMH down about 0.9 percent, Hermès down about 0.7 percent, Burberry down about 2.2 percent, Richemont and Swatch close to flat. Full read tonight on Closing Price.

Also from ALT/FNDATA:
- Art Market — this morning, the week in the art world
- Closing Price — this evening, the day's signals
- Open Bid returns Wednesday 

]]> Tue, 30 Jun 2026 19:53:20 -0400 ALT/FNDATA ALT/FNDATA 350 June 30: Saks Turns the Page on Bankruptcy as Exemplar Luxury Group; Prime Day Hits $26.4B but Inflation Tells the Real Story; the Last Affordable Ferrari
Today: Saks Global exits bankruptcy and rebrands as Exemplar Luxury Group; a record Prime Day turns out to be more an inflation story than a demand story; where the bargains still hide in the Ferrari market; plus the European open and a look ahead to Art Market.

ALT/FNDATA
- Membership (Use PODCAST15 for 15% on your first year): https://altfndata.com/go/ob-260630
- Market reports: https://altfndata.com/go/ob-260630-r
- Podcast episodes: https://altfndata.com/go/ob-260630-p

Saks Turns the Page
- Saks Global, the owner of Saks Fifth Avenue, has formally exited bankruptcy and rebranded as Exemplar Luxury Group. CEO Geoffroy van Raemdonck says the new identity marks a new chapter and a higher standard with brands, customers and staff.
- The takeaway: even with the top of the market thriving, the business of selling luxury, the department stores and multi-brand retailers, has had a hard decade. The brands are strong; the middlemen are under pressure.

And the Top Keeps Printing
- Christie's closed its Paris luxury season with a jewelry sale that totaled 10.5 million euros, double its presale estimate. The houses that sell luxury are under pressure, while the objects themselves have rarely been worth more.

A Record Prime Day, and What It Really Means
- Amazon's Prime Day drove a record 26.4 billion dollars over four days, up 9 percent, by Adobe Analytics' estimate (Amazon doesn't release its own figures). But Adobe attributes much of the growth to inflation, not to people buying more.
- The same split we keep tracking: real, record demand at the very top; bigger everyday numbers that are as much about higher prices as healthy appetite.

The Accessible End of Collecting
- In a market where trophy Ferraris trade for eight figures, Robb Report argues one Ferrari is still within reach: the Mondial, roughly 40,000 to 80,000 dollars, the cheapest way into the marque. It is cheap for specific reasons: a four-seater, never the fastest, and long overlooked by collectors.
- The catch: a cheap Ferrari is not a cheap car to own. Servicing costs the same as any Ferrari, a major service running past 30,000 dollars, more than half the price of the car.
- A reminder that the collector car market is not only the eight-figure headline. There is an accessible end, and it is often where the value sits. More on Thursday's Auto Market.

Quick Hits
- Hearts on Fire is marking its 30th anniversary by remaking itself from a diamond wholesaler into a fine-jewellery house, with its sights on Asia.
- Lululemon's shareholders backed the board, settling a public standoff with its founder.

The Markets (Tuesday open)
- European luxury opened under pressure: Kering down more than 3 percent (the soft spot), LVMH down about 0.9 percent, Hermès down about 0.7 percent, Burberry down about 2.2 percent, Richemont and Swatch close to flat. Full read tonight on Closing Price.

Also from ALT/FNDATA:
- Art Market — this morning, the week in the art world
- Closing Price — this evening, the day's signals
- Open Bid returns Wednesday 

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi London Art Market Beats the Brexit Blues with Its Biggest Haul in 10 Years; Christie's Sets World Record in Paris with €5.8M Handbag Sale; Luxury Recovers from the Top Down 21 21 London Art Market Beats the Brexit Blues with Its Biggest Haul in 10 Years; Christie's Sets World Record in Paris with €5.8M Handbag Sale; Luxury Recovers from the Top Down full f8fc3a95-cc14-49fb-a556-66905150b9ce https://share.transistor.fm/s/449516af June 29: London Art Market Beats the Brexit Blues with Its Biggest Haul in 10 Years; Christie's Sets World Record in Paris with €5.8M Handbag Sale; Luxury Recovers from the Top Down
London's art market posts its biggest summer auction haul in a decade; Christie's sets a world record for an online handbag sale in Paris; luxury starts to turn a corner, led by the US and China, even as the everyday shopper tires of higher prices; plus a calmer open to the week after the US and Iran agreed to halt attacks.

ALT/FNDATA
- Membership (Use PODCAST15 for 15% off): https://altfndata.com/go/ob-260629
- Market reports: https://altfndata.com/go/ob-260629-r
- Podcast episodes: https://altfndata.com/go/ob-260629-p

London's Art Market Beats the Brexit Blues
- London's summer auctions across the big three houses brought in around 560 million dollars, up roughly 300 percent on a year ago: the city's biggest haul in a decade, after ten years of post-Brexit drift.
- Sotheby's led with the Joe Lewis Collection, a 392.6 million dollar evening sale and the most valuable single-owner collection ever sold in Europe. Top lot: Modigliani's 1917 nude Nu assis au collier at about 63.9 million dollars (the season's highest). A René Magritte gouache, La Belle Promenade, made 21.2 million, up more than sevenfold since 2014.
- Christie's sold the Zabludowicz collection for 15.4 million pounds, led by Philip Guston's Mirror Head (3.9 million pounds), a Richard Prince Cowboy (1.5 million), and a Rose Wylie artist record (292,000 pounds). Phillips added 11.9 million pounds across 90 lots.
- The caveat: The Art Newspaper cautions that one strong season won't transform a market still below its decade-ago peaks, with galleries contracting even as trophies soar. The same top-versus-broad split we track across luxury. More this week on Art Market.

A Handbag World Record in Paris
- Christie's "Handbags Online: The Paris Edit" set a new world record for an online handbag sale, totaling 5.8 million euros, with 98 percent of lots sold and 83 percent selling above their high estimates, drawing bidders from 47 countries.
- Near-total sell-through with most lots beating estimates: demand at the top of the handbag market is fierce, the same story the trophy painting is telling in London.

Luxury Turns a Corner, as the Everyday Shopper Tires
- A new Business of Fashion study with McKinsey finds luxury gradually returning to growth after a long slowdown, led by the United States and China, the most constructive read on the broad market in some time.
- But the recovery is uneven. The same morning, Lindt is heading for its worst quarter in 17 years as ordinary consumers tire of higher prices. The top sets records; the everyday shopper is fatigued. Luxury is recovering from the top down.

Quick Hits
- Hermès opened a new maison on London's Bond Street.
- LVMH, through Orient Express, launched its first luxury yacht, courting a new class of tech billionaires.

By the Numbers
- London summer season: around 560 million dollars across the big three, up roughly 300 percent year on year. Lewis Collection evening: 392.6 million dollars (Europe's most valuable single-owner sale); top lot Modigliani Nu assis au collier at about 63.9 million dollars; Magritte La Belle Promenade 21.2 million. Zabludowicz: 15.4 million pounds, led by Guston's Mirror Head at 3.9 million pounds.
- Christie's Paris handbag sale: 5.8 million euros, world record for an online handbag sale; 98 percent sold; 83 percent above high estimate; 47 countries.

The Markets (Monday open)
- A calmer open after the US and Iran agreed to halt attacks ahead of talks. Oil back toward 72 dollars, gold easing, the dollar firmer.
- European luxury opened mostly higher: Burberry the standout, up about 2.5 percent; Brunello Cucinelli up more than 1 percent; Hermès and Richemont near flat; LVMH and Kering each down a fraction. Full read tonight on Closing Price.

Also from ALT/FNDATA:
- Closing Price — this evening at 5 PM ET (the day's signals)
- Open Bid returns tomorrow at 6 AM ET

]]> June 29: London Art Market Beats the Brexit Blues with Its Biggest Haul in 10 Years; Christie's Sets World Record in Paris with €5.8M Handbag Sale; Luxury Recovers from the Top Down
London's art market posts its biggest summer auction haul in a decade; Christie's sets a world record for an online handbag sale in Paris; luxury starts to turn a corner, led by the US and China, even as the everyday shopper tires of higher prices; plus a calmer open to the week after the US and Iran agreed to halt attacks.

ALT/FNDATA
- Membership (Use PODCAST15 for 15% off): https://altfndata.com/go/ob-260629
- Market reports: https://altfndata.com/go/ob-260629-r
- Podcast episodes: https://altfndata.com/go/ob-260629-p

London's Art Market Beats the Brexit Blues
- London's summer auctions across the big three houses brought in around 560 million dollars, up roughly 300 percent on a year ago: the city's biggest haul in a decade, after ten years of post-Brexit drift.
- Sotheby's led with the Joe Lewis Collection, a 392.6 million dollar evening sale and the most valuable single-owner collection ever sold in Europe. Top lot: Modigliani's 1917 nude Nu assis au collier at about 63.9 million dollars (the season's highest). A René Magritte gouache, La Belle Promenade, made 21.2 million, up more than sevenfold since 2014.
- Christie's sold the Zabludowicz collection for 15.4 million pounds, led by Philip Guston's Mirror Head (3.9 million pounds), a Richard Prince Cowboy (1.5 million), and a Rose Wylie artist record (292,000 pounds). Phillips added 11.9 million pounds across 90 lots.
- The caveat: The Art Newspaper cautions that one strong season won't transform a market still below its decade-ago peaks, with galleries contracting even as trophies soar. The same top-versus-broad split we track across luxury. More this week on Art Market.

A Handbag World Record in Paris
- Christie's "Handbags Online: The Paris Edit" set a new world record for an online handbag sale, totaling 5.8 million euros, with 98 percent of lots sold and 83 percent selling above their high estimates, drawing bidders from 47 countries.
- Near-total sell-through with most lots beating estimates: demand at the top of the handbag market is fierce, the same story the trophy painting is telling in London.

Luxury Turns a Corner, as the Everyday Shopper Tires
- A new Business of Fashion study with McKinsey finds luxury gradually returning to growth after a long slowdown, led by the United States and China, the most constructive read on the broad market in some time.
- But the recovery is uneven. The same morning, Lindt is heading for its worst quarter in 17 years as ordinary consumers tire of higher prices. The top sets records; the everyday shopper is fatigued. Luxury is recovering from the top down.

Quick Hits
- Hermès opened a new maison on London's Bond Street.
- LVMH, through Orient Express, launched its first luxury yacht, courting a new class of tech billionaires.

By the Numbers
- London summer season: around 560 million dollars across the big three, up roughly 300 percent year on year. Lewis Collection evening: 392.6 million dollars (Europe's most valuable single-owner sale); top lot Modigliani Nu assis au collier at about 63.9 million dollars; Magritte La Belle Promenade 21.2 million. Zabludowicz: 15.4 million pounds, led by Guston's Mirror Head at 3.9 million pounds.
- Christie's Paris handbag sale: 5.8 million euros, world record for an online handbag sale; 98 percent sold; 83 percent above high estimate; 47 countries.

The Markets (Monday open)
- A calmer open after the US and Iran agreed to halt attacks ahead of talks. Oil back toward 72 dollars, gold easing, the dollar firmer.
- European luxury opened mostly higher: Burberry the standout, up about 2.5 percent; Brunello Cucinelli up more than 1 percent; Hermès and Richemont near flat; LVMH and Kering each down a fraction. Full read tonight on Closing Price.

Also from ALT/FNDATA:
- Closing Price — this evening at 5 PM ET (the day's signals)
- Open Bid returns tomorrow at 6 AM ET

]]> Mon, 29 Jun 2026 19:21:55 -0400 ALT/FNDATA ALT/FNDATA 360 June 29: London Art Market Beats the Brexit Blues with Its Biggest Haul in 10 Years; Christie's Sets World Record in Paris with €5.8M Handbag Sale; Luxury Recovers from the Top Down
London's art market posts its biggest summer auction haul in a decade; Christie's sets a world record for an online handbag sale in Paris; luxury starts to turn a corner, led by the US and China, even as the everyday shopper tires of higher prices; plus a calmer open to the week after the US and Iran agreed to halt attacks.

ALT/FNDATA
- Membership (Use PODCAST15 for 15% off): https://altfndata.com/go/ob-260629
- Market reports: https://altfndata.com/go/ob-260629-r
- Podcast episodes: https://altfndata.com/go/ob-260629-p

London's Art Market Beats the Brexit Blues
- London's summer auctions across the big three houses brought in around 560 million dollars, up roughly 300 percent on a year ago: the city's biggest haul in a decade, after ten years of post-Brexit drift.
- Sotheby's led with the Joe Lewis Collection, a 392.6 million dollar evening sale and the most valuable single-owner collection ever sold in Europe. Top lot: Modigliani's 1917 nude Nu assis au collier at about 63.9 million dollars (the season's highest). A René Magritte gouache, La Belle Promenade, made 21.2 million, up more than sevenfold since 2014.
- Christie's sold the Zabludowicz collection for 15.4 million pounds, led by Philip Guston's Mirror Head (3.9 million pounds), a Richard Prince Cowboy (1.5 million), and a Rose Wylie artist record (292,000 pounds). Phillips added 11.9 million pounds across 90 lots.
- The caveat: The Art Newspaper cautions that one strong season won't transform a market still below its decade-ago peaks, with galleries contracting even as trophies soar. The same top-versus-broad split we track across luxury. More this week on Art Market.

A Handbag World Record in Paris
- Christie's "Handbags Online: The Paris Edit" set a new world record for an online handbag sale, totaling 5.8 million euros, with 98 percent of lots sold and 83 percent selling above their high estimates, drawing bidders from 47 countries.
- Near-total sell-through with most lots beating estimates: demand at the top of the handbag market is fierce, the same story the trophy painting is telling in London.

Luxury Turns a Corner, as the Everyday Shopper Tires
- A new Business of Fashion study with McKinsey finds luxury gradually returning to growth after a long slowdown, led by the United States and China, the most constructive read on the broad market in some time.
- But the recovery is uneven. The same morning, Lindt is heading for its worst quarter in 17 years as ordinary consumers tire of higher prices. The top sets records; the everyday shopper is fatigued. Luxury is recovering from the top down.

Quick Hits
- Hermès opened a new maison on London's Bond Street.
- LVMH, through Orient Express, launched its first luxury yacht, courting a new class of tech billionaires.

By the Numbers
- London summer season: around 560 million dollars across the big three, up roughly 300 percent year on year. Lewis Collection evening: 392.6 million dollars (Europe's most valuable single-owner sale); top lot Modigliani Nu assis au collier at about 63.9 million dollars; Magritte La Belle Promenade 21.2 million. Zabludowicz: 15.4 million pounds, led by Guston's Mirror Head at 3.9 million pounds.
- Christie's Paris handbag sale: 5.8 million euros, world record for an online handbag sale; 98 percent sold; 83 percent above high estimate; 47 countries.

The Markets (Monday open)
- A calmer open after the US and Iran agreed to halt attacks ahead of talks. Oil back toward 72 dollars, gold easing, the dollar firmer.
- European luxury opened mostly higher: Burberry the standout, up about 2.5 percent; Brunello Cucinelli up more than 1 percent; Hermès and Richemont near flat; LVMH and Kering each down a fraction. Full read tonight on Closing Price.

Also from ALT/FNDATA:
- Closing Price — this evening at 5 PM ET (the day's signals)
- Open Bid returns tomorrow at 6 AM ET

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi Bain Trims Its Luxury Forecast to 2-4%, but the Top Keeps Booming; London's Art Season Roars Back; the Rise of "Inheritourism" 20 20 Bain Trims Its Luxury Forecast to 2-4%, but the Top Keeps Booming; London's Art Season Roars Back; the Rise of "Inheritourism" full 54a70ec3-be97-4d89-9a7a-c8be47908338 https://share.transistor.fm/s/d701d39c June 26: Bain Trims Its Luxury Forecast to 2-4%, but the Top Keeps Booming; London's Art Season Roars Back; the Rise of "Inheritourism"
Bain trims its 2026 luxury forecast after a rough first half, but the very top of the market keeps setting records; London's art season roars back with a second big collection sale in a week; luxury money shifts toward experiences and "inheritourism"; and new arrivals from Rolex and Porsche.

ALT/FNDATA
- Membership: (Use PODCAST15 for 15% off) https://altfndata.com/go/ob-260626
- Market reports: https://altfndata.com/go/ob-260626-r
- Podcast episodes: https://altfndata.com/go/ob-260626-p

Bain's Forecast, and a Market Split
- Bain & Company and Altagamma trimmed their outlook: personal luxury goods are now seen growing just 2 to 4 percent in 2026, after a punishing first half (Middle East conflict and oil spikes, US inflation at multi-year highs, record-low consumer confidence, the ECB's first rate hike since 2023).
- The split we keep flagging: Bain's caution is about the broad market, the entry-level bag and the aspirational shopper. The very top is another story. This week a single Modigliani sold for $63.9M in London, and in our data the year's top results (a $25.6M jade necklace, eight-figure Ferraris and watches) keep climbing.

London's Art Season Roars Back
- After the record Lewis Collection sale, Christie's quietly sold around 100 works from the Zabludowicz collection for some $20M. Two major single-owner collections to market in one week, both finding buyers, signals confidence has returned to the top of the art trade.

Experiences Over Things, and "Inheritourism"
- CNBC reports luxury money is flowing to experiences over goods: experiences (travel, events, dining) are set to grow 3 to 7 percent versus low-single-digit growth for goods, with cruises drawing first-timers. The trend it calls "inheritourism" is wealthy families traveling together, as a younger, inheriting generation takes on its parents' taste for travel over status goods.

Quick Hits
- Rolex opened what it bills as the world's highest watch boutique, high in the Swiss Alps.
- Porsche unveiled its first GT4 race car based on the 911, aimed at the track-day crowd.

The Markets (Friday open)
- European luxury opened quietly mixed after a wild week: LVMH down about 0.4 percent, Watches of Switzerland down about 1.3 percent, Pandora the standout, up another 3 percent. Full week's wrap on Closing Price tonight.

Also from ALT/FNDATA:
- Closing Price — this evening at 5 PM ET (week in review)
- Open Bid returns Monday at 6 AM ET

]]> June 26: Bain Trims Its Luxury Forecast to 2-4%, but the Top Keeps Booming; London's Art Season Roars Back; the Rise of "Inheritourism"
Bain trims its 2026 luxury forecast after a rough first half, but the very top of the market keeps setting records; London's art season roars back with a second big collection sale in a week; luxury money shifts toward experiences and "inheritourism"; and new arrivals from Rolex and Porsche.

ALT/FNDATA
- Membership: (Use PODCAST15 for 15% off) https://altfndata.com/go/ob-260626
- Market reports: https://altfndata.com/go/ob-260626-r
- Podcast episodes: https://altfndata.com/go/ob-260626-p

Bain's Forecast, and a Market Split
- Bain & Company and Altagamma trimmed their outlook: personal luxury goods are now seen growing just 2 to 4 percent in 2026, after a punishing first half (Middle East conflict and oil spikes, US inflation at multi-year highs, record-low consumer confidence, the ECB's first rate hike since 2023).
- The split we keep flagging: Bain's caution is about the broad market, the entry-level bag and the aspirational shopper. The very top is another story. This week a single Modigliani sold for $63.9M in London, and in our data the year's top results (a $25.6M jade necklace, eight-figure Ferraris and watches) keep climbing.

London's Art Season Roars Back
- After the record Lewis Collection sale, Christie's quietly sold around 100 works from the Zabludowicz collection for some $20M. Two major single-owner collections to market in one week, both finding buyers, signals confidence has returned to the top of the art trade.

Experiences Over Things, and "Inheritourism"
- CNBC reports luxury money is flowing to experiences over goods: experiences (travel, events, dining) are set to grow 3 to 7 percent versus low-single-digit growth for goods, with cruises drawing first-timers. The trend it calls "inheritourism" is wealthy families traveling together, as a younger, inheriting generation takes on its parents' taste for travel over status goods.

Quick Hits
- Rolex opened what it bills as the world's highest watch boutique, high in the Swiss Alps.
- Porsche unveiled its first GT4 race car based on the 911, aimed at the track-day crowd.

The Markets (Friday open)
- European luxury opened quietly mixed after a wild week: LVMH down about 0.4 percent, Watches of Switzerland down about 1.3 percent, Pandora the standout, up another 3 percent. Full week's wrap on Closing Price tonight.

Also from ALT/FNDATA:
- Closing Price — this evening at 5 PM ET (week in review)
- Open Bid returns Monday at 6 AM ET

]]> Fri, 26 Jun 2026 17:20:16 -0400 ALT/FNDATA ALT/FNDATA 302 June 26: Bain Trims Its Luxury Forecast to 2-4%, but the Top Keeps Booming; London's Art Season Roars Back; the Rise of "Inheritourism"
Bain trims its 2026 luxury forecast after a rough first half, but the very top of the market keeps setting records; London's art season roars back with a second big collection sale in a week; luxury money shifts toward experiences and "inheritourism"; and new arrivals from Rolex and Porsche.

ALT/FNDATA
- Membership: (Use PODCAST15 for 15% off) https://altfndata.com/go/ob-260626
- Market reports: https://altfndata.com/go/ob-260626-r
- Podcast episodes: https://altfndata.com/go/ob-260626-p

Bain's Forecast, and a Market Split
- Bain & Company and Altagamma trimmed their outlook: personal luxury goods are now seen growing just 2 to 4 percent in 2026, after a punishing first half (Middle East conflict and oil spikes, US inflation at multi-year highs, record-low consumer confidence, the ECB's first rate hike since 2023).
- The split we keep flagging: Bain's caution is about the broad market, the entry-level bag and the aspirational shopper. The very top is another story. This week a single Modigliani sold for $63.9M in London, and in our data the year's top results (a $25.6M jade necklace, eight-figure Ferraris and watches) keep climbing.

London's Art Season Roars Back
- After the record Lewis Collection sale, Christie's quietly sold around 100 works from the Zabludowicz collection for some $20M. Two major single-owner collections to market in one week, both finding buyers, signals confidence has returned to the top of the art trade.

Experiences Over Things, and "Inheritourism"
- CNBC reports luxury money is flowing to experiences over goods: experiences (travel, events, dining) are set to grow 3 to 7 percent versus low-single-digit growth for goods, with cruises drawing first-timers. The trend it calls "inheritourism" is wealthy families traveling together, as a younger, inheriting generation takes on its parents' taste for travel over status goods.

Quick Hits
- Rolex opened what it bills as the world's highest watch boutique, high in the Swiss Alps.
- Porsche unveiled its first GT4 race car based on the 911, aimed at the track-day crowd.

The Markets (Friday open)
- European luxury opened quietly mixed after a wild week: LVMH down about 0.4 percent, Watches of Switzerland down about 1.3 percent, Pandora the standout, up another 3 percent. Full week's wrap on Closing Price tonight.

Also from ALT/FNDATA:
- Closing Price — this evening at 5 PM ET (week in review)
- Open Bid returns Monday at 6 AM ET

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi Billionaire's Collection Sells for $392.6M; a Modigliani Bought for $12.4M Sold for $63.9M; Versace's CEO Steps Down 19 19 Billionaire's Collection Sells for $392.6M; a Modigliani Bought for $12.4M Sold for $63.9M; Versace's CEO Steps Down full 4461f4b9-ad29-4cb7-a1a3-291e0745a7fe https://share.transistor.fm/s/1947e4b8 June 25: Billionaire's Collection Sells for $392.6M; a Modigliani Bought for $12.4M Sold for $63.9M; Versace's CEO Steps Down
The art collection of British billionaire Joe Lewis smashes records at Sotheby's, led by a 63.9 million dollar Modigliani he bought for 12.4 million in 1995; the CEO of Versace resigns; the rug from The Big Lebowski heads to auction; and the luxury market steadies after a wild week.

ALT/FNDATA
- Membership: (Use PODCAST15 for 15% off) https://altfndata.com/go/ob-260625
- Market reports: https://altfndata.com/go/ob-260625-r
- Podcast episodes: https://altfndata.com/go/ob-260625-p

The Lewis Collection: A Record Night
- The collection of British billionaire Joe Lewis sold at Sotheby's London for 392.6 million dollars, a record for a single-owner sale anywhere in Europe and nearly double its estimate. Just one of 25 lots failed to sell, and the house guaranteed none of them, a real vote of confidence at the top of the market.
- The top lot: Modigliani's 1917 "Seated Nude Wearing a Necklace" (Nu assis au collier) at 63.9 million dollars, a European auction record for the artist. Lewis had bought it at Christie's in 1995 for 12.4 million dollars, a more than five-fold gain over 31 years.

From Our Data
- The strength at the top isn't new. The most valuable fine-art result in our database over the past year is a 43.8 million dollar Canaletto view of Venice (Christie's), with a tight cluster of eight-figure modern masters just behind. Trophy names with clean provenance keep clearing big numbers, even as the middle of the market turns choosier.

Luxury Business: A Change at Versace
- Versace CEO Emmanuel Gintzburger has resigned. Versace was acquired by the Prada Group last year, and a leadership change was widely expected as Prada integrates the brand, another sign of consolidation at the top of Italian luxury.

Quick Hits
- The actual rug from "The Big Lebowski," the one that "really tied the room together," is heading to auction (Robb Report).
- Wealthy buyers are flocking to Spain, treating prime real estate as a haven from war and turmoil (Reuters).

The Markets: A Quiet Open
- After a whipsawing week, European luxury opened quietly mixed: Hermès and Kering edged up (about 0.25% and 0.9%), while LVMH and Richemont slipped slightly. A calm open is its own kind of good news.

Also from ALT/FNDATA:
- Auto Market — out today (Thursday)
- Closing Price — this evening at 5 PM ET
- Open Bid returns tomorrow at 6 AM ET

]]> June 25: Billionaire's Collection Sells for $392.6M; a Modigliani Bought for $12.4M Sold for $63.9M; Versace's CEO Steps Down
The art collection of British billionaire Joe Lewis smashes records at Sotheby's, led by a 63.9 million dollar Modigliani he bought for 12.4 million in 1995; the CEO of Versace resigns; the rug from The Big Lebowski heads to auction; and the luxury market steadies after a wild week.

ALT/FNDATA
- Membership: (Use PODCAST15 for 15% off) https://altfndata.com/go/ob-260625
- Market reports: https://altfndata.com/go/ob-260625-r
- Podcast episodes: https://altfndata.com/go/ob-260625-p

The Lewis Collection: A Record Night
- The collection of British billionaire Joe Lewis sold at Sotheby's London for 392.6 million dollars, a record for a single-owner sale anywhere in Europe and nearly double its estimate. Just one of 25 lots failed to sell, and the house guaranteed none of them, a real vote of confidence at the top of the market.
- The top lot: Modigliani's 1917 "Seated Nude Wearing a Necklace" (Nu assis au collier) at 63.9 million dollars, a European auction record for the artist. Lewis had bought it at Christie's in 1995 for 12.4 million dollars, a more than five-fold gain over 31 years.

From Our Data
- The strength at the top isn't new. The most valuable fine-art result in our database over the past year is a 43.8 million dollar Canaletto view of Venice (Christie's), with a tight cluster of eight-figure modern masters just behind. Trophy names with clean provenance keep clearing big numbers, even as the middle of the market turns choosier.

Luxury Business: A Change at Versace
- Versace CEO Emmanuel Gintzburger has resigned. Versace was acquired by the Prada Group last year, and a leadership change was widely expected as Prada integrates the brand, another sign of consolidation at the top of Italian luxury.

Quick Hits
- The actual rug from "The Big Lebowski," the one that "really tied the room together," is heading to auction (Robb Report).
- Wealthy buyers are flocking to Spain, treating prime real estate as a haven from war and turmoil (Reuters).

The Markets: A Quiet Open
- After a whipsawing week, European luxury opened quietly mixed: Hermès and Kering edged up (about 0.25% and 0.9%), while LVMH and Richemont slipped slightly. A calm open is its own kind of good news.

Also from ALT/FNDATA:
- Auto Market — out today (Thursday)
- Closing Price — this evening at 5 PM ET
- Open Bid returns tomorrow at 6 AM ET

]]> Thu, 25 Jun 2026 21:53:20 -0400 ALT/FNDATA ALT/FNDATA 310 June 25: Billionaire's Collection Sells for $392.6M; a Modigliani Bought for $12.4M Sold for $63.9M; Versace's CEO Steps Down
The art collection of British billionaire Joe Lewis smashes records at Sotheby's, led by a 63.9 million dollar Modigliani he bought for 12.4 million in 1995; the CEO of Versace resigns; the rug from The Big Lebowski heads to auction; and the luxury market steadies after a wild week.

ALT/FNDATA
- Membership: (Use PODCAST15 for 15% off) https://altfndata.com/go/ob-260625
- Market reports: https://altfndata.com/go/ob-260625-r
- Podcast episodes: https://altfndata.com/go/ob-260625-p

The Lewis Collection: A Record Night
- The collection of British billionaire Joe Lewis sold at Sotheby's London for 392.6 million dollars, a record for a single-owner sale anywhere in Europe and nearly double its estimate. Just one of 25 lots failed to sell, and the house guaranteed none of them, a real vote of confidence at the top of the market.
- The top lot: Modigliani's 1917 "Seated Nude Wearing a Necklace" (Nu assis au collier) at 63.9 million dollars, a European auction record for the artist. Lewis had bought it at Christie's in 1995 for 12.4 million dollars, a more than five-fold gain over 31 years.

From Our Data
- The strength at the top isn't new. The most valuable fine-art result in our database over the past year is a 43.8 million dollar Canaletto view of Venice (Christie's), with a tight cluster of eight-figure modern masters just behind. Trophy names with clean provenance keep clearing big numbers, even as the middle of the market turns choosier.

Luxury Business: A Change at Versace
- Versace CEO Emmanuel Gintzburger has resigned. Versace was acquired by the Prada Group last year, and a leadership change was widely expected as Prada integrates the brand, another sign of consolidation at the top of Italian luxury.

Quick Hits
- The actual rug from "The Big Lebowski," the one that "really tied the room together," is heading to auction (Robb Report).
- Wealthy buyers are flocking to Spain, treating prime real estate as a haven from war and turmoil (Reuters).

The Markets: A Quiet Open
- After a whipsawing week, European luxury opened quietly mixed: Hermès and Kering edged up (about 0.25% and 0.9%), while LVMH and Richemont slipped slightly. A calm open is its own kind of good news.

Also from ALT/FNDATA:
- Auto Market — out today (Thursday)
- Closing Price — this evening at 5 PM ET
- Open Bid returns tomorrow at 6 AM ET

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi Luxury Steadies as China Pulls Back; $25.6M Jadeite Necklace; Remembering Yaacov Agam; Netherlands and Germany Return 2,000 Artefacts to Ghana 18 18 Luxury Steadies as China Pulls Back; $25.6M Jadeite Necklace; Remembering Yaacov Agam; Netherlands and Germany Return 2,000 Artefacts to Ghana full bf213a39-352d-41fd-9102-5b828ca80967 https://share.transistor.fm/s/c278560e June 24:Luxury Steadies as China Pulls Back; $25.6M Jadeite Necklace; Remembering Yaacov Agam; Netherlands and Germany Return 2,000 Artefacts to Ghana
Markets steady after a brutal two days, but China's big mid-year shopping festival flashes a warning for luxury; a 25.6 million dollar jade necklace tops our jewelry database; the Netherlands and Germany agree to return 2,000 looted treasures to Ghana; and the art world remembers a pioneer of kinetic art.

ALT/FNDATA
- Membership: (Use PODCAST15 for 15% off) https://altfndata.com/go/ob-260624
- Market reports: https://altfndata.com/go/ob-260624-r
- Podcast episodes: https://altfndata.com/go/ob-260624-p

Markets: Steadying, and a Warning from China
- After Tuesday's selloff (Nasdaq down about 4 percent on Fed-hike fears), European luxury steadied at the open: LVMH and Hermès each up about 0.5 percent, Brunello Cucinelli higher. The laggards were the same all week: Burberry down 2.5 percent, Watches of Switzerland down a third straight day (about 2.9 percent).
- The bigger signal came from China. Its 618 mid-year shopping festival grew online sales just 4 percent year on year, down sharply from more than 15 percent last year (Syntun). For a luxury industry reliant on Chinese demand, that is a caution sign. Notably, secondhand and pre-owned sales jumped nearly 80 percent as shoppers traded down: the resale economy grows as the new-goods market cools.

A $25.6 Million Jade Necklace (ALT/FNDATA data)
- One of the highest jewelry results over the past year is a magnificent jadeite bead and coloured diamond necklace, sold for 25.6 million dollars at Christie's last month. Jadeite is the most prized gemstone in Chinese culture, and top imperial-green strands are rarer than fine diamonds.
- The split, again: a cautious mass-market Chinese consumer, and a firm and dazzling top. At the very top, demand is undimmed.

A Homecoming: 2,000 Treasures Return to Ghana
- The Netherlands and Germany agreed to return more than 2,000 cultural artefacts to Ghana, most taken during the colonial era. The Dutch return some 2,000 objects, including a gold ceremonial pipe the Asante king gave the Dutch monarch in 1837; Germany returns a smaller Kpando-linked group. Announced at a heritage conference in Accra, it follows the return of Asante royal regalia to Kumasi two years ago.

In Memoriam: Yaacov Agam
- Yaacov Agam, the Israeli artist and a founding figure of kinetic art, has died at 98. His works shift and change as the viewer moves, and they hang in major museums worldwide.

Also from ALT/FNDATA:
- Luxury Spending — out today (Wednesday)
- Closing Price — this evening at 5 PM ET
- Open Bid returns tomorrow at 6 AM ET

]]> June 24:Luxury Steadies as China Pulls Back; $25.6M Jadeite Necklace; Remembering Yaacov Agam; Netherlands and Germany Return 2,000 Artefacts to Ghana
Markets steady after a brutal two days, but China's big mid-year shopping festival flashes a warning for luxury; a 25.6 million dollar jade necklace tops our jewelry database; the Netherlands and Germany agree to return 2,000 looted treasures to Ghana; and the art world remembers a pioneer of kinetic art.

ALT/FNDATA
- Membership: (Use PODCAST15 for 15% off) https://altfndata.com/go/ob-260624
- Market reports: https://altfndata.com/go/ob-260624-r
- Podcast episodes: https://altfndata.com/go/ob-260624-p

Markets: Steadying, and a Warning from China
- After Tuesday's selloff (Nasdaq down about 4 percent on Fed-hike fears), European luxury steadied at the open: LVMH and Hermès each up about 0.5 percent, Brunello Cucinelli higher. The laggards were the same all week: Burberry down 2.5 percent, Watches of Switzerland down a third straight day (about 2.9 percent).
- The bigger signal came from China. Its 618 mid-year shopping festival grew online sales just 4 percent year on year, down sharply from more than 15 percent last year (Syntun). For a luxury industry reliant on Chinese demand, that is a caution sign. Notably, secondhand and pre-owned sales jumped nearly 80 percent as shoppers traded down: the resale economy grows as the new-goods market cools.

A $25.6 Million Jade Necklace (ALT/FNDATA data)
- One of the highest jewelry results over the past year is a magnificent jadeite bead and coloured diamond necklace, sold for 25.6 million dollars at Christie's last month. Jadeite is the most prized gemstone in Chinese culture, and top imperial-green strands are rarer than fine diamonds.
- The split, again: a cautious mass-market Chinese consumer, and a firm and dazzling top. At the very top, demand is undimmed.

A Homecoming: 2,000 Treasures Return to Ghana
- The Netherlands and Germany agreed to return more than 2,000 cultural artefacts to Ghana, most taken during the colonial era. The Dutch return some 2,000 objects, including a gold ceremonial pipe the Asante king gave the Dutch monarch in 1837; Germany returns a smaller Kpando-linked group. Announced at a heritage conference in Accra, it follows the return of Asante royal regalia to Kumasi two years ago.

In Memoriam: Yaacov Agam
- Yaacov Agam, the Israeli artist and a founding figure of kinetic art, has died at 98. His works shift and change as the viewer moves, and they hang in major museums worldwide.

Also from ALT/FNDATA:
- Luxury Spending — out today (Wednesday)
- Closing Price — this evening at 5 PM ET
- Open Bid returns tomorrow at 6 AM ET

]]> Wed, 24 Jun 2026 18:33:31 -0400 ALT/FNDATA ALT/FNDATA 355 June 24:Luxury Steadies as China Pulls Back; $25.6M Jadeite Necklace; Remembering Yaacov Agam; Netherlands and Germany Return 2,000 Artefacts to Ghana
Markets steady after a brutal two days, but China's big mid-year shopping festival flashes a warning for luxury; a 25.6 million dollar jade necklace tops our jewelry database; the Netherlands and Germany agree to return 2,000 looted treasures to Ghana; and the art world remembers a pioneer of kinetic art.

ALT/FNDATA
- Membership: (Use PODCAST15 for 15% off) https://altfndata.com/go/ob-260624
- Market reports: https://altfndata.com/go/ob-260624-r
- Podcast episodes: https://altfndata.com/go/ob-260624-p

Markets: Steadying, and a Warning from China
- After Tuesday's selloff (Nasdaq down about 4 percent on Fed-hike fears), European luxury steadied at the open: LVMH and Hermès each up about 0.5 percent, Brunello Cucinelli higher. The laggards were the same all week: Burberry down 2.5 percent, Watches of Switzerland down a third straight day (about 2.9 percent).
- The bigger signal came from China. Its 618 mid-year shopping festival grew online sales just 4 percent year on year, down sharply from more than 15 percent last year (Syntun). For a luxury industry reliant on Chinese demand, that is a caution sign. Notably, secondhand and pre-owned sales jumped nearly 80 percent as shoppers traded down: the resale economy grows as the new-goods market cools.

A $25.6 Million Jade Necklace (ALT/FNDATA data)
- One of the highest jewelry results over the past year is a magnificent jadeite bead and coloured diamond necklace, sold for 25.6 million dollars at Christie's last month. Jadeite is the most prized gemstone in Chinese culture, and top imperial-green strands are rarer than fine diamonds.
- The split, again: a cautious mass-market Chinese consumer, and a firm and dazzling top. At the very top, demand is undimmed.

A Homecoming: 2,000 Treasures Return to Ghana
- The Netherlands and Germany agreed to return more than 2,000 cultural artefacts to Ghana, most taken during the colonial era. The Dutch return some 2,000 objects, including a gold ceremonial pipe the Asante king gave the Dutch monarch in 1837; Germany returns a smaller Kpando-linked group. Announced at a heritage conference in Accra, it follows the return of Asante royal regalia to Kumasi two years ago.

In Memoriam: Yaacov Agam
- Yaacov Agam, the Israeli artist and a founding figure of kinetic art, has died at 98. His works shift and change as the viewer moves, and they hang in major museums worldwide.

Also from ALT/FNDATA:
- Luxury Spending — out today (Wednesday)
- Closing Price — this evening at 5 PM ET
- Open Bid returns tomorrow at 6 AM ET

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi A Global Tech Selloff Halts Korea; a £5,588 Elizabeth I Jewel Could Fetch 20 Times That; Eric Clapton's 275 GTB Ferrari at $4M 17 17 A Global Tech Selloff Halts Korea; a £5,588 Elizabeth I Jewel Could Fetch 20 Times That; Eric Clapton's 275 GTB Ferrari at $4M full 6aa7522b-f346-4d30-be3e-a78c6405d878 https://share.transistor.fm/s/688c4893 June 23: A Global Tech Selloff Halts Korea; a £5,588 Elizabeth I Jewel Could Fetch 20 Times That; Eric Clapton's 275 GTB Ferrari at $4M
Today: a technology-led selloff drags markets lower and briefly halts trading in South Korea, European luxury slides for a second day, a rediscovered Queen Elizabeth the First pendant bought for around 5,000 pounds heads to auction at more than 20 times that, and Eric Clapton's 1966 Ferrari comes to market at nearly 4 million dollars.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260623
- Market reports: https://altfndata.com/go/ob-260623-r
- Podcast episodes: https://altfndata.com/go/ob-260623-p


Markets: A Risk-Off Reversal
- Monday's peace-deal rally flipped to a broad, tech-led selloff. South Korean stocks tumbled 10 percent from a record, triggering a circuit breaker that briefly halted trading; the wider Asian tech rally cooled. Aluminum and other metals fell, and gold lost ground as Deutsche Bank followed Goldman Sachs in cutting its forecast.
- Israeli assets dropped sharply, unwinding a years-long wartime rally as the peace process eased the conflict premium.
- European luxury opened lower for a second day: Hermès 1,590.50 euros (down 1.8 percent, after almost 6 percent Monday), Burberry down 3.9 percent, Brunello Cucinelli down 3.9 percent, LVMH and Kering modestly lower, and watch retailer Watches of Switzerland down about 5.5 percent (a reversal after leading the group higher yesterday).

At Auction: A Queen and a Ferrari
- A sleeper: an amber pendant carved with a portrait of Queen Elizabeth the First, bought for just 5,588 pounds at an Edinburgh auction last November, has been authenticated as a rare Renaissance jewel. Sotheby's will offer it in London on July 1 with an estimate of 100,000 to 150,000 pounds, more than 20 times the purchase price. The portrait follows a 1592 engraving; the carving is attributed to a German amber master in Königsberg.
- Eric Clapton's former 1966 Ferrari 275 GTB/4, one of only 31 right-hand-drive examples, is on offer for 2.95 million pounds (nearly 4 million dollars). Clapton owned it 2003 to 2005 and commissioned a full restoration. Past owners of the model include Steve McQueen and Miles Davis.

Luxury Business: Porsche and Ferrari
- Porsche's CEO promised a leaner model lineup as profit pressure mounts, amid a difficult EV transition and a China slowdown.
- Ferrari denied a report that it had made access to its most exclusive limited editions conditional on buying its new Luce electric car. Allocation, deciding which clients may buy the rarest cars, is among the most sensitive subjects in the Ferrari world.

Quick Hits
- Menswear moved from Milan ("less was more") to Paris, where the spring 2027 men's shows are under way.
- Pomellato unveiled a new high-jewelry collection themed on creative freedom.

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

Also from ALT/FNDATA:
- Art Market — out today (Tuesday)
- Closing Price — this evening at 5 PM ET
- Open Bid returns tomorrow at 6 AM ET

]]> June 23: A Global Tech Selloff Halts Korea; a £5,588 Elizabeth I Jewel Could Fetch 20 Times That; Eric Clapton's 275 GTB Ferrari at $4M
Today: a technology-led selloff drags markets lower and briefly halts trading in South Korea, European luxury slides for a second day, a rediscovered Queen Elizabeth the First pendant bought for around 5,000 pounds heads to auction at more than 20 times that, and Eric Clapton's 1966 Ferrari comes to market at nearly 4 million dollars.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260623
- Market reports: https://altfndata.com/go/ob-260623-r
- Podcast episodes: https://altfndata.com/go/ob-260623-p


Markets: A Risk-Off Reversal
- Monday's peace-deal rally flipped to a broad, tech-led selloff. South Korean stocks tumbled 10 percent from a record, triggering a circuit breaker that briefly halted trading; the wider Asian tech rally cooled. Aluminum and other metals fell, and gold lost ground as Deutsche Bank followed Goldman Sachs in cutting its forecast.
- Israeli assets dropped sharply, unwinding a years-long wartime rally as the peace process eased the conflict premium.
- European luxury opened lower for a second day: Hermès 1,590.50 euros (down 1.8 percent, after almost 6 percent Monday), Burberry down 3.9 percent, Brunello Cucinelli down 3.9 percent, LVMH and Kering modestly lower, and watch retailer Watches of Switzerland down about 5.5 percent (a reversal after leading the group higher yesterday).

At Auction: A Queen and a Ferrari
- A sleeper: an amber pendant carved with a portrait of Queen Elizabeth the First, bought for just 5,588 pounds at an Edinburgh auction last November, has been authenticated as a rare Renaissance jewel. Sotheby's will offer it in London on July 1 with an estimate of 100,000 to 150,000 pounds, more than 20 times the purchase price. The portrait follows a 1592 engraving; the carving is attributed to a German amber master in Königsberg.
- Eric Clapton's former 1966 Ferrari 275 GTB/4, one of only 31 right-hand-drive examples, is on offer for 2.95 million pounds (nearly 4 million dollars). Clapton owned it 2003 to 2005 and commissioned a full restoration. Past owners of the model include Steve McQueen and Miles Davis.

Luxury Business: Porsche and Ferrari
- Porsche's CEO promised a leaner model lineup as profit pressure mounts, amid a difficult EV transition and a China slowdown.
- Ferrari denied a report that it had made access to its most exclusive limited editions conditional on buying its new Luce electric car. Allocation, deciding which clients may buy the rarest cars, is among the most sensitive subjects in the Ferrari world.

Quick Hits
- Menswear moved from Milan ("less was more") to Paris, where the spring 2027 men's shows are under way.
- Pomellato unveiled a new high-jewelry collection themed on creative freedom.

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

Also from ALT/FNDATA:
- Art Market — out today (Tuesday)
- Closing Price — this evening at 5 PM ET
- Open Bid returns tomorrow at 6 AM ET

]]> Tue, 23 Jun 2026 17:06:11 -0400 ALT/FNDATA ALT/FNDATA 331 June 23: A Global Tech Selloff Halts Korea; a £5,588 Elizabeth I Jewel Could Fetch 20 Times That; Eric Clapton's 275 GTB Ferrari at $4M
Today: a technology-led selloff drags markets lower and briefly halts trading in South Korea, European luxury slides for a second day, a rediscovered Queen Elizabeth the First pendant bought for around 5,000 pounds heads to auction at more than 20 times that, and Eric Clapton's 1966 Ferrari comes to market at nearly 4 million dollars.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260623
- Market reports: https://altfndata.com/go/ob-260623-r
- Podcast episodes: https://altfndata.com/go/ob-260623-p


Markets: A Risk-Off Reversal
- Monday's peace-deal rally flipped to a broad, tech-led selloff. South Korean stocks tumbled 10 percent from a record, triggering a circuit breaker that briefly halted trading; the wider Asian tech rally cooled. Aluminum and other metals fell, and gold lost ground as Deutsche Bank followed Goldman Sachs in cutting its forecast.
- Israeli assets dropped sharply, unwinding a years-long wartime rally as the peace process eased the conflict premium.
- European luxury opened lower for a second day: Hermès 1,590.50 euros (down 1.8 percent, after almost 6 percent Monday), Burberry down 3.9 percent, Brunello Cucinelli down 3.9 percent, LVMH and Kering modestly lower, and watch retailer Watches of Switzerland down about 5.5 percent (a reversal after leading the group higher yesterday).

At Auction: A Queen and a Ferrari
- A sleeper: an amber pendant carved with a portrait of Queen Elizabeth the First, bought for just 5,588 pounds at an Edinburgh auction last November, has been authenticated as a rare Renaissance jewel. Sotheby's will offer it in London on July 1 with an estimate of 100,000 to 150,000 pounds, more than 20 times the purchase price. The portrait follows a 1592 engraving; the carving is attributed to a German amber master in Königsberg.
- Eric Clapton's former 1966 Ferrari 275 GTB/4, one of only 31 right-hand-drive examples, is on offer for 2.95 million pounds (nearly 4 million dollars). Clapton owned it 2003 to 2005 and commissioned a full restoration. Past owners of the model include Steve McQueen and Miles Davis.

Luxury Business: Porsche and Ferrari
- Porsche's CEO promised a leaner model lineup as profit pressure mounts, amid a difficult EV transition and a China slowdown.
- Ferrari denied a report that it had made access to its most exclusive limited editions conditional on buying its new Luce electric car. Allocation, deciding which clients may buy the rarest cars, is among the most sensitive subjects in the Ferrari world.

Quick Hits
- Menswear moved from Milan ("less was more") to Paris, where the spring 2027 men's shows are under way.
- Pomellato unveiled a new high-jewelry collection themed on creative freedom.

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

Also from ALT/FNDATA:
- Art Market — out today (Tuesday)
- Closing Price — this evening at 5 PM ET
- Open Bid returns tomorrow at 6 AM ET

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi Gold & Oil Sell Off; $17.4M Diamond Sold at Auction; New Creative Directors at Moschino 16 16 Gold & Oil Sell Off; $17.4M Diamond Sold at Auction; New Creative Directors at Moschino full f5e865d5-be8b-45fa-8623-e3654c554331 https://share.transistor.fm/s/834131d6 June 22: Gold & Oil Sell Off; $17.4M Diamond Sold at Auction; New Creative Directors at Moschino
Safe havens sell off as US and Iran peace talks progress, with gold and oil falling and the dollar near a one-year high, a single coloured diamond tops our entire auction database at 17.4 million dollars, and there's a changing of leadership at Moschino.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260622
- Market reports: https://altfndata.com/go/ob-260622-r
- Podcast episodes: https://altfndata.com/go/ob-260622-p


Markets: A Peace-Deal Unwind
- Talks between the US and Iran showed real progress over the weekend, easing fears of a wider conflict and sending safe-haven assets lower. Gold fell about 2 percent this morning to around 4,228 dollars an ounce, and silver dropped close to 5 percent.
- Oil slipped too, with US crude back near 75 dollars a barrel, as Iran resumed shipping more crude through the Strait of Hormuz. The dollar held firm near a one-year high.
- US markets reopen today after Friday's Juneteenth holiday; Asian shares rose overnight. European luxury opened mixed: LVMH 500.40 euros (up about 0.2 percent from Friday's 499.25), Hermès flat at 1,722.50 euros, Richemont 183.10 Swiss francs (down about 0.3 percent), Kering 271.70 euros (down about 0.1 percent), Burberry 1,131 pence (down about 1.4 percent), and Brunello Cucinelli the weakest at 84.46 euros (down nearly 4 percent). The watch names were the bright spot: Watches of Switzerland 731.5 pence (up about 1.1 percent) and Swatch Group 210 Swiss francs (down about 0.3 percent).

Luxury Business: A New Duo at Moschino
- Creative director Adrian Appiolaza stepped down on Friday after two years, a mutual decision amid financial troubles at owner Aeffe. Moschino has hired the founders of Milan label Sunnei, Simone Rizzo and Loris Messina, to take over (Business of Fashion, Reuters).
- Loewe named a new global communications director, Eloise Hautcoeur, who joins from Versace in Milan (WWD).
- Luxury's beach-club era stretches into a ninth summer: brands are taking over the coastline, with Mytheresa, Gucci, and Jacquemus in Monaco and Burberry setting up in Athens (Business of Fashion).
- Alexander McQueen will return to the London Fashion Week calendar with a September runway show, its first London slot in years (WWD).

In the Art World (and tomorrow on Art Market)
- In France, the Coopérative-Musée Cérès Franco, a converted winery holding an eclectic private collection, has been recognized as a national museum and reopens after a major renovation (The Art Newspaper).
- A US court ordered veteran dealer David Nahmad to return a Modigliani painting found to have been looted, a notable Nazi-era restitution result (Artnet News).

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

Also from ALT/FNDATA:
- Closing Price — this evening at 5 PM ET
- Art Market — tomorrow (Tuesday)
- Open Bid returns tomorrow at 6 AM ET

]]> June 22: Gold & Oil Sell Off; $17.4M Diamond Sold at Auction; New Creative Directors at Moschino
Safe havens sell off as US and Iran peace talks progress, with gold and oil falling and the dollar near a one-year high, a single coloured diamond tops our entire auction database at 17.4 million dollars, and there's a changing of leadership at Moschino.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260622
- Market reports: https://altfndata.com/go/ob-260622-r
- Podcast episodes: https://altfndata.com/go/ob-260622-p


Markets: A Peace-Deal Unwind
- Talks between the US and Iran showed real progress over the weekend, easing fears of a wider conflict and sending safe-haven assets lower. Gold fell about 2 percent this morning to around 4,228 dollars an ounce, and silver dropped close to 5 percent.
- Oil slipped too, with US crude back near 75 dollars a barrel, as Iran resumed shipping more crude through the Strait of Hormuz. The dollar held firm near a one-year high.
- US markets reopen today after Friday's Juneteenth holiday; Asian shares rose overnight. European luxury opened mixed: LVMH 500.40 euros (up about 0.2 percent from Friday's 499.25), Hermès flat at 1,722.50 euros, Richemont 183.10 Swiss francs (down about 0.3 percent), Kering 271.70 euros (down about 0.1 percent), Burberry 1,131 pence (down about 1.4 percent), and Brunello Cucinelli the weakest at 84.46 euros (down nearly 4 percent). The watch names were the bright spot: Watches of Switzerland 731.5 pence (up about 1.1 percent) and Swatch Group 210 Swiss francs (down about 0.3 percent).

Luxury Business: A New Duo at Moschino
- Creative director Adrian Appiolaza stepped down on Friday after two years, a mutual decision amid financial troubles at owner Aeffe. Moschino has hired the founders of Milan label Sunnei, Simone Rizzo and Loris Messina, to take over (Business of Fashion, Reuters).
- Loewe named a new global communications director, Eloise Hautcoeur, who joins from Versace in Milan (WWD).
- Luxury's beach-club era stretches into a ninth summer: brands are taking over the coastline, with Mytheresa, Gucci, and Jacquemus in Monaco and Burberry setting up in Athens (Business of Fashion).
- Alexander McQueen will return to the London Fashion Week calendar with a September runway show, its first London slot in years (WWD).

In the Art World (and tomorrow on Art Market)
- In France, the Coopérative-Musée Cérès Franco, a converted winery holding an eclectic private collection, has been recognized as a national museum and reopens after a major renovation (The Art Newspaper).
- A US court ordered veteran dealer David Nahmad to return a Modigliani painting found to have been looted, a notable Nazi-era restitution result (Artnet News).

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

Also from ALT/FNDATA:
- Closing Price — this evening at 5 PM ET
- Art Market — tomorrow (Tuesday)
- Open Bid returns tomorrow at 6 AM ET

]]> Mon, 22 Jun 2026 14:45:29 -0400 ALT/FNDATA ALT/FNDATA 357 June 22: Gold & Oil Sell Off; $17.4M Diamond Sold at Auction; New Creative Directors at Moschino
Safe havens sell off as US and Iran peace talks progress, with gold and oil falling and the dollar near a one-year high, a single coloured diamond tops our entire auction database at 17.4 million dollars, and there's a changing of leadership at Moschino.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260622
- Market reports: https://altfndata.com/go/ob-260622-r
- Podcast episodes: https://altfndata.com/go/ob-260622-p


Markets: A Peace-Deal Unwind
- Talks between the US and Iran showed real progress over the weekend, easing fears of a wider conflict and sending safe-haven assets lower. Gold fell about 2 percent this morning to around 4,228 dollars an ounce, and silver dropped close to 5 percent.
- Oil slipped too, with US crude back near 75 dollars a barrel, as Iran resumed shipping more crude through the Strait of Hormuz. The dollar held firm near a one-year high.
- US markets reopen today after Friday's Juneteenth holiday; Asian shares rose overnight. European luxury opened mixed: LVMH 500.40 euros (up about 0.2 percent from Friday's 499.25), Hermès flat at 1,722.50 euros, Richemont 183.10 Swiss francs (down about 0.3 percent), Kering 271.70 euros (down about 0.1 percent), Burberry 1,131 pence (down about 1.4 percent), and Brunello Cucinelli the weakest at 84.46 euros (down nearly 4 percent). The watch names were the bright spot: Watches of Switzerland 731.5 pence (up about 1.1 percent) and Swatch Group 210 Swiss francs (down about 0.3 percent).

Luxury Business: A New Duo at Moschino
- Creative director Adrian Appiolaza stepped down on Friday after two years, a mutual decision amid financial troubles at owner Aeffe. Moschino has hired the founders of Milan label Sunnei, Simone Rizzo and Loris Messina, to take over (Business of Fashion, Reuters).
- Loewe named a new global communications director, Eloise Hautcoeur, who joins from Versace in Milan (WWD).
- Luxury's beach-club era stretches into a ninth summer: brands are taking over the coastline, with Mytheresa, Gucci, and Jacquemus in Monaco and Burberry setting up in Athens (Business of Fashion).
- Alexander McQueen will return to the London Fashion Week calendar with a September runway show, its first London slot in years (WWD).

In the Art World (and tomorrow on Art Market)
- In France, the Coopérative-Musée Cérès Franco, a converted winery holding an eclectic private collection, has been recognized as a national museum and reopens after a major renovation (The Art Newspaper).
- A US court ordered veteran dealer David Nahmad to return a Modigliani painting found to have been looted, a notable Nazi-era restitution result (Artnet News).

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

Also from ALT/FNDATA:
- Closing Price — this evening at 5 PM ET
- Art Market — tomorrow (Tuesday)
- Open Bid returns tomorrow at 6 AM ET

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi Dollar Rises and Gold Falls; Swiss Watches Split Primary vs. Secondary; the Obama Center Opens; Milan Menswear Week 15 15 Dollar Rises and Gold Falls; Swiss Watches Split Primary vs. Secondary; the Obama Center Opens; Milan Menswear Week full 428cdbdf-a14f-460c-876a-6cb5c332c85c https://share.transistor.fm/s/6b17f46d June 19: The Dollar Rises and Gold Falls; Swiss Watches Split Primary vs. Secondary; the Obama Center Opens; Milan Menswear Week
The week ends with a rising dollar and gold heading for its worst week; Swiss watch exports stall even as the auction market booms; Art Basel wraps; the Obama Presidential Center opens; and the Milan menswear shows begin.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260619
- Market reports: https://altfndata.com/go/ob-260619-r
- Podcast episodes: https://altfndata.com/go/ob-260619-p


Markets — A Strong Dollar, a Weak Gold
- After the Fed signaled on Wednesday it intends to keep rates higher for longer, the dollar climbed and gold dropped. Gold is heading for its worst week in months (~$4,166/oz, down from Monday's record); Goldman Sachs cut its gold forecast, citing a lower chance of rate cuts this year.
- Stocks held up better — US markets rebounded Thursday, led by tech (Nasdaq +1.9%). European luxury opened mixed (LVMH/Burberry slightly up, Kering slightly down).
- One bright spot: UK retail sales rebounded unexpectedly in May (earlier months revised higher) — consumer resilience that's welcome for the luxury houses' big London businesses.

Swiss Watches, Two Markets
- New watches: Swiss watch exports barely grew in May after two months of declines, as the Middle East conflict weighed on demand (Business of Fashion).
- The secondary market tells the opposite story. Just last week, Phillips held the highest-grossing watch auction in US history — $75.8M, 100% sold (every lot found a buyer), led by a Swiss-made F.P. Journe at $13.9M, a world record for an independent watchmaker. Brands are shipping fewer new watches; collectors are paying record sums at auction.

Art Basel Wraps Up
- The fair's new "Basel Exclusive" section paid off, with early sales of big names like Picasso and Philip Guston — a sign the big-ticket end is finding buyers.
- In a first, New York's Paula Cooper Gallery won the inaugural Art Basel Gallery Legacy Award.

The Obama Center Opens
- The Obama Presidential Center opened in Chicago — a campus with a museum and major new commissions from Mark Bradford, Maya Lin, Richard Hunt, and Martin Puryear. An instant cultural landmark.

Milan Men's Fashion Week
- The menswear season kicked off — Milan Men's Fashion Week plus the Pitti Uomo trade fair in Florence (Spring 2027). The mood among executives is cautious, with brand relevance and volatility front of mind.
- Debut to watch: Canali unveils its new creative director Alessio Lillocci (ex-Prada, Brunello Cucinelli) on Sunday.

Quick Hits
- Prada is planning a multifloor store with an underground passage beneath Milan's Galleria Vittorio Emanuele II, opening September.
- Porsche revealed a limited 911 GT3 "Earls Court 51," a tribute to its first UK car — only 51 will be built.

By the Numbers (ALT/FNDATA data)
- Watch week (captured in our database): Phillips' New York sale was the highest-grossing watch auction in US history — $75.8M, 100% sold; top lot a Swiss-made F.P. Journe at $13.9M (world record, independent watchmaker). The auction market booms while Swiss exports stall.
- Markets: gold ~$4,166 (worst week in months, off Monday's record). Jun 18 close: Nasdaq 26,517.93 (+1.9%), S&P 7,500.58 (+1.1%), Dow 51,564.70 (+0.1%).

Week Ahead
- Art Basel closes this weekend; the Milan and Pitti menswear shows run through the next few days.

Also from ALT/FNDATA:
- Closing Price — this evening at 5 PM ET
- Open Bid returns Monday at 6 AM ET

]]> June 19: The Dollar Rises and Gold Falls; Swiss Watches Split Primary vs. Secondary; the Obama Center Opens; Milan Menswear Week
The week ends with a rising dollar and gold heading for its worst week; Swiss watch exports stall even as the auction market booms; Art Basel wraps; the Obama Presidential Center opens; and the Milan menswear shows begin.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260619
- Market reports: https://altfndata.com/go/ob-260619-r
- Podcast episodes: https://altfndata.com/go/ob-260619-p


Markets — A Strong Dollar, a Weak Gold
- After the Fed signaled on Wednesday it intends to keep rates higher for longer, the dollar climbed and gold dropped. Gold is heading for its worst week in months (~$4,166/oz, down from Monday's record); Goldman Sachs cut its gold forecast, citing a lower chance of rate cuts this year.
- Stocks held up better — US markets rebounded Thursday, led by tech (Nasdaq +1.9%). European luxury opened mixed (LVMH/Burberry slightly up, Kering slightly down).
- One bright spot: UK retail sales rebounded unexpectedly in May (earlier months revised higher) — consumer resilience that's welcome for the luxury houses' big London businesses.

Swiss Watches, Two Markets
- New watches: Swiss watch exports barely grew in May after two months of declines, as the Middle East conflict weighed on demand (Business of Fashion).
- The secondary market tells the opposite story. Just last week, Phillips held the highest-grossing watch auction in US history — $75.8M, 100% sold (every lot found a buyer), led by a Swiss-made F.P. Journe at $13.9M, a world record for an independent watchmaker. Brands are shipping fewer new watches; collectors are paying record sums at auction.

Art Basel Wraps Up
- The fair's new "Basel Exclusive" section paid off, with early sales of big names like Picasso and Philip Guston — a sign the big-ticket end is finding buyers.
- In a first, New York's Paula Cooper Gallery won the inaugural Art Basel Gallery Legacy Award.

The Obama Center Opens
- The Obama Presidential Center opened in Chicago — a campus with a museum and major new commissions from Mark Bradford, Maya Lin, Richard Hunt, and Martin Puryear. An instant cultural landmark.

Milan Men's Fashion Week
- The menswear season kicked off — Milan Men's Fashion Week plus the Pitti Uomo trade fair in Florence (Spring 2027). The mood among executives is cautious, with brand relevance and volatility front of mind.
- Debut to watch: Canali unveils its new creative director Alessio Lillocci (ex-Prada, Brunello Cucinelli) on Sunday.

Quick Hits
- Prada is planning a multifloor store with an underground passage beneath Milan's Galleria Vittorio Emanuele II, opening September.
- Porsche revealed a limited 911 GT3 "Earls Court 51," a tribute to its first UK car — only 51 will be built.

By the Numbers (ALT/FNDATA data)
- Watch week (captured in our database): Phillips' New York sale was the highest-grossing watch auction in US history — $75.8M, 100% sold; top lot a Swiss-made F.P. Journe at $13.9M (world record, independent watchmaker). The auction market booms while Swiss exports stall.
- Markets: gold ~$4,166 (worst week in months, off Monday's record). Jun 18 close: Nasdaq 26,517.93 (+1.9%), S&P 7,500.58 (+1.1%), Dow 51,564.70 (+0.1%).

Week Ahead
- Art Basel closes this weekend; the Milan and Pitti menswear shows run through the next few days.

Also from ALT/FNDATA:
- Closing Price — this evening at 5 PM ET
- Open Bid returns Monday at 6 AM ET

]]> Fri, 19 Jun 2026 11:08:18 -0400 ALT/FNDATA ALT/FNDATA 340 June 19: The Dollar Rises and Gold Falls; Swiss Watches Split Primary vs. Secondary; the Obama Center Opens; Milan Menswear Week
The week ends with a rising dollar and gold heading for its worst week; Swiss watch exports stall even as the auction market booms; Art Basel wraps; the Obama Presidential Center opens; and the Milan menswear shows begin.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260619
- Market reports: https://altfndata.com/go/ob-260619-r
- Podcast episodes: https://altfndata.com/go/ob-260619-p


Markets — A Strong Dollar, a Weak Gold
- After the Fed signaled on Wednesday it intends to keep rates higher for longer, the dollar climbed and gold dropped. Gold is heading for its worst week in months (~$4,166/oz, down from Monday's record); Goldman Sachs cut its gold forecast, citing a lower chance of rate cuts this year.
- Stocks held up better — US markets rebounded Thursday, led by tech (Nasdaq +1.9%). European luxury opened mixed (LVMH/Burberry slightly up, Kering slightly down).
- One bright spot: UK retail sales rebounded unexpectedly in May (earlier months revised higher) — consumer resilience that's welcome for the luxury houses' big London businesses.

Swiss Watches, Two Markets
- New watches: Swiss watch exports barely grew in May after two months of declines, as the Middle East conflict weighed on demand (Business of Fashion).
- The secondary market tells the opposite story. Just last week, Phillips held the highest-grossing watch auction in US history — $75.8M, 100% sold (every lot found a buyer), led by a Swiss-made F.P. Journe at $13.9M, a world record for an independent watchmaker. Brands are shipping fewer new watches; collectors are paying record sums at auction.

Art Basel Wraps Up
- The fair's new "Basel Exclusive" section paid off, with early sales of big names like Picasso and Philip Guston — a sign the big-ticket end is finding buyers.
- In a first, New York's Paula Cooper Gallery won the inaugural Art Basel Gallery Legacy Award.

The Obama Center Opens
- The Obama Presidential Center opened in Chicago — a campus with a museum and major new commissions from Mark Bradford, Maya Lin, Richard Hunt, and Martin Puryear. An instant cultural landmark.

Milan Men's Fashion Week
- The menswear season kicked off — Milan Men's Fashion Week plus the Pitti Uomo trade fair in Florence (Spring 2027). The mood among executives is cautious, with brand relevance and volatility front of mind.
- Debut to watch: Canali unveils its new creative director Alessio Lillocci (ex-Prada, Brunello Cucinelli) on Sunday.

Quick Hits
- Prada is planning a multifloor store with an underground passage beneath Milan's Galleria Vittorio Emanuele II, opening September.
- Porsche revealed a limited 911 GT3 "Earls Court 51," a tribute to its first UK car — only 51 will be built.

By the Numbers (ALT/FNDATA data)
- Watch week (captured in our database): Phillips' New York sale was the highest-grossing watch auction in US history — $75.8M, 100% sold; top lot a Swiss-made F.P. Journe at $13.9M (world record, independent watchmaker). The auction market booms while Swiss exports stall.
- Markets: gold ~$4,166 (worst week in months, off Monday's record). Jun 18 close: Nasdaq 26,517.93 (+1.9%), S&P 7,500.58 (+1.1%), Dow 51,564.70 (+0.1%).

Week Ahead
- Art Basel closes this weekend; the Milan and Pitti menswear shows run through the next few days.

Also from ALT/FNDATA:
- Closing Price — this evening at 5 PM ET
- Open Bid returns Monday at 6 AM ET

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi The Fed Turns Hawkish in Warsh's Debut; Stocks and Gold Fall; a $35M Picasso Leads Art Basel 14 14 The Fed Turns Hawkish in Warsh's Debut; Stocks and Gold Fall; a $35M Picasso Leads Art Basel full 5217253f-3038-439a-8a73-8b9f61156b1b https://share.transistor.fm/s/680baaf7 June 18: The Fed Turns Hawkish in Warsh's Debut; Stocks and Gold Fall; a $35M Picasso Leads Art Basel
Kevin Warsh's first Fed meeting turns hawkish and sends stocks and gold lower; a $35M Picasso leads a cautious Art Basel; Christie's unveils the Jim Irsay Collection; and two fights break out over who really owns a work of art.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260618
- Market reports: https://altfndata.com/go/ob-260618-r
- Podcast episodes: https://altfndata.com/go/ob-260618-p


Markets — The Fed Turns Hawkish
- In his first meeting as chair, Kevin Warsh held rates steady but the Fed's projections showed nearly half of policymakers now expect at least one rate hike before the end of 2026 — firmer than investors expected.
- Bond yields jumped; stocks fell. The Dow closed −1.0% (~51,500), the S&P 500 −1.2% (~7,420). The US–Iran optimism gave way to a more sober rate view.
- This morning: gold dropped to ~$4,262/oz (it pays no yield, so a higher-rate outlook hurts it); oil eased to ~$74 (Hormuz supply). European luxury opened lower — LVMH (MC) −0.8%, Burberry (BRBY) −1.2%, Hermès/Kering/Richemont modestly lower.

Luxury Business
- Diageo (Johnnie Walker) — its new CEO is telling managers to cut jobs and costs (FT), a sign of pressure on the drinks industry post-boom.
- Allbirds has sold its brand assets to licensing firm American Exchange Group — a quiet end to its run as an independent company.

Cars & Watches (more in today's Auto Market)
- Bentley unveiled a 1-of-100 bespoke Continental GT S; Evoluto built a restomod of the 1990s Ferrari F355, limited to 55 cars.
- In LA, the third annual Open House gathered independent watchmakers and collectors — more energy around the independent end of watchmaking, the corner setting records at auction.

Art Basel, Day Two
- Buyers active at the top end despite a cautious mood; a Picasso led early sales at ~$35M.
- ALT/FNDATA data: the most valuable Picasso in our database is Les Femmes d'Alger at $179.4M (Christie's) — so a $35M Picasso sits comfortably within the artist's range.
- A small but telling note: the fair's prize for emerging artists was quietly cancelled this year.

Questions of Ownership
- Mexico has urged Sotheby's to halt the sale of two pre-Columbian artefacts, calling them national heritage.
- Dealer David Nahmad was given 30 days to return a Modigliani looted by the Nazis. Provenance is becoming as valuable as the work itself.

A Collector's Trove
- Christie's unveiled the Jim Irsay Collection, "Icons of History." Irsay, the late Colts owner, was a major collector; the final lot is the original working manuscript of Alcoholics Anonymous.

Also This Week
- The Obamas unveiled their first official painted portrait together, by Njideka Akunyili Crosby, timed to the Obama Presidential Center opening in Chicago.
- Old Pulteney released a 50-year-old single malt, its oldest and priciest; and Louisiana's Bayou Rum is reformulating after parent Stoli Group's bankruptcy.
- Jonathan Anderson was added to Dior's permanent exhibition space in Paris.

Week Ahead
- Art Basel runs through the weekend — the test is whether its strong start holds against the more hawkish Fed backdrop.

Also from ALT/FNDATA:
- Auto Market — today (Thursdays)
- Closing Price — this evening at 5 PM ET

]]> June 18: The Fed Turns Hawkish in Warsh's Debut; Stocks and Gold Fall; a $35M Picasso Leads Art Basel
Kevin Warsh's first Fed meeting turns hawkish and sends stocks and gold lower; a $35M Picasso leads a cautious Art Basel; Christie's unveils the Jim Irsay Collection; and two fights break out over who really owns a work of art.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260618
- Market reports: https://altfndata.com/go/ob-260618-r
- Podcast episodes: https://altfndata.com/go/ob-260618-p


Markets — The Fed Turns Hawkish
- In his first meeting as chair, Kevin Warsh held rates steady but the Fed's projections showed nearly half of policymakers now expect at least one rate hike before the end of 2026 — firmer than investors expected.
- Bond yields jumped; stocks fell. The Dow closed −1.0% (~51,500), the S&P 500 −1.2% (~7,420). The US–Iran optimism gave way to a more sober rate view.
- This morning: gold dropped to ~$4,262/oz (it pays no yield, so a higher-rate outlook hurts it); oil eased to ~$74 (Hormuz supply). European luxury opened lower — LVMH (MC) −0.8%, Burberry (BRBY) −1.2%, Hermès/Kering/Richemont modestly lower.

Luxury Business
- Diageo (Johnnie Walker) — its new CEO is telling managers to cut jobs and costs (FT), a sign of pressure on the drinks industry post-boom.
- Allbirds has sold its brand assets to licensing firm American Exchange Group — a quiet end to its run as an independent company.

Cars & Watches (more in today's Auto Market)
- Bentley unveiled a 1-of-100 bespoke Continental GT S; Evoluto built a restomod of the 1990s Ferrari F355, limited to 55 cars.
- In LA, the third annual Open House gathered independent watchmakers and collectors — more energy around the independent end of watchmaking, the corner setting records at auction.

Art Basel, Day Two
- Buyers active at the top end despite a cautious mood; a Picasso led early sales at ~$35M.
- ALT/FNDATA data: the most valuable Picasso in our database is Les Femmes d'Alger at $179.4M (Christie's) — so a $35M Picasso sits comfortably within the artist's range.
- A small but telling note: the fair's prize for emerging artists was quietly cancelled this year.

Questions of Ownership
- Mexico has urged Sotheby's to halt the sale of two pre-Columbian artefacts, calling them national heritage.
- Dealer David Nahmad was given 30 days to return a Modigliani looted by the Nazis. Provenance is becoming as valuable as the work itself.

A Collector's Trove
- Christie's unveiled the Jim Irsay Collection, "Icons of History." Irsay, the late Colts owner, was a major collector; the final lot is the original working manuscript of Alcoholics Anonymous.

Also This Week
- The Obamas unveiled their first official painted portrait together, by Njideka Akunyili Crosby, timed to the Obama Presidential Center opening in Chicago.
- Old Pulteney released a 50-year-old single malt, its oldest and priciest; and Louisiana's Bayou Rum is reformulating after parent Stoli Group's bankruptcy.
- Jonathan Anderson was added to Dior's permanent exhibition space in Paris.

Week Ahead
- Art Basel runs through the weekend — the test is whether its strong start holds against the more hawkish Fed backdrop.

Also from ALT/FNDATA:
- Auto Market — today (Thursdays)
- Closing Price — this evening at 5 PM ET

]]> Thu, 18 Jun 2026 16:26:36 -0400 ALT/FNDATA ALT/FNDATA 325 June 18: The Fed Turns Hawkish in Warsh's Debut; Stocks and Gold Fall; a $35M Picasso Leads Art Basel
Kevin Warsh's first Fed meeting turns hawkish and sends stocks and gold lower; a $35M Picasso leads a cautious Art Basel; Christie's unveils the Jim Irsay Collection; and two fights break out over who really owns a work of art.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260618
- Market reports: https://altfndata.com/go/ob-260618-r
- Podcast episodes: https://altfndata.com/go/ob-260618-p


Markets — The Fed Turns Hawkish
- In his first meeting as chair, Kevin Warsh held rates steady but the Fed's projections showed nearly half of policymakers now expect at least one rate hike before the end of 2026 — firmer than investors expected.
- Bond yields jumped; stocks fell. The Dow closed −1.0% (~51,500), the S&P 500 −1.2% (~7,420). The US–Iran optimism gave way to a more sober rate view.
- This morning: gold dropped to ~$4,262/oz (it pays no yield, so a higher-rate outlook hurts it); oil eased to ~$74 (Hormuz supply). European luxury opened lower — LVMH (MC) −0.8%, Burberry (BRBY) −1.2%, Hermès/Kering/Richemont modestly lower.

Luxury Business
- Diageo (Johnnie Walker) — its new CEO is telling managers to cut jobs and costs (FT), a sign of pressure on the drinks industry post-boom.
- Allbirds has sold its brand assets to licensing firm American Exchange Group — a quiet end to its run as an independent company.

Cars & Watches (more in today's Auto Market)
- Bentley unveiled a 1-of-100 bespoke Continental GT S; Evoluto built a restomod of the 1990s Ferrari F355, limited to 55 cars.
- In LA, the third annual Open House gathered independent watchmakers and collectors — more energy around the independent end of watchmaking, the corner setting records at auction.

Art Basel, Day Two
- Buyers active at the top end despite a cautious mood; a Picasso led early sales at ~$35M.
- ALT/FNDATA data: the most valuable Picasso in our database is Les Femmes d'Alger at $179.4M (Christie's) — so a $35M Picasso sits comfortably within the artist's range.
- A small but telling note: the fair's prize for emerging artists was quietly cancelled this year.

Questions of Ownership
- Mexico has urged Sotheby's to halt the sale of two pre-Columbian artefacts, calling them national heritage.
- Dealer David Nahmad was given 30 days to return a Modigliani looted by the Nazis. Provenance is becoming as valuable as the work itself.

A Collector's Trove
- Christie's unveiled the Jim Irsay Collection, "Icons of History." Irsay, the late Colts owner, was a major collector; the final lot is the original working manuscript of Alcoholics Anonymous.

Also This Week
- The Obamas unveiled their first official painted portrait together, by Njideka Akunyili Crosby, timed to the Obama Presidential Center opening in Chicago.
- Old Pulteney released a 50-year-old single malt, its oldest and priciest; and Louisiana's Bayou Rum is reformulating after parent Stoli Group's bankruptcy.
- Jonathan Anderson was added to Dior's permanent exhibition space in Paris.

Week Ahead
- Art Basel runs through the weekend — the test is whether its strong start holds against the more hawkish Fed backdrop.

Also from ALT/FNDATA:
- Auto Market — today (Thursdays)
- Closing Price — this evening at 5 PM ET

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi $35M Picasso Leads Art Basel; De Beers Sale Heats Up; Dow Hits a Record, European Luxury Holds as US Falls 13 13 $35M Picasso Leads Art Basel; De Beers Sale Heats Up; Dow Hits a Record, European Luxury Holds as US Falls full 6936cf04-12d3-4f85-9d4d-873a47aa1055 https://share.transistor.fm/s/60fc6c7c June 17: $35M Picasso Leads Art Basel; De Beers Sale Heats Up; Dow Hits a Record, European Luxury Holds as US Falls
Art Basel opens with blue-chip buyers back and a $35M Picasso leading; the diamond giant De Beers may change hands; Christie's doubles its Old Masters estimate in Paris; and markets wait on the Fed's first decision under Kevin Warsh.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260617
- Market reports: https://altfndata.com/go/ob-260617-r
- Podcast episodes: https://altfndata.com/go/ob-260617-p


Art Basel Opens
- The most important fair on the art calendar opened to collectors this week. Buyers moved quickly on blue-chip work on opening day, led by a Picasso at around $35M.
- The mood: cautious but improving — dealers "playing it safe" and watching for a broader recovery after a couple of softer years.

A Designer's Archive
- The long-hidden personal archive of Martin Margiela, the famously private Belgian designer, is heading to auction — following news that Sotheby's will sell ~1,000 personal Karl Lagerfeld sketches. Designer archives are becoming their own collecting category.

The Diamond Giant
- Anglo American is looking to sell De Beers, and a group led by Gareth Penny, a former De Beers chief executive, is said to be leading the race to buy it (Business of Fashion).
- ALT/FNDATA data: The Ocean Dream, a coloured-diamond ring that fetched $17.4M at Christie's Geneva (Magnificent Jewels, May 13). Whoever buys De Beers is betting demand for stones like that holds.

Old Masters
- Christie's Maîtres Anciens (Old Masters) sale in Paris totaled ~€5.7M, doubling its pre-sale estimate — more evidence that well-curated material still draws strong bidding.

Markets
- Yesterday's split: the Dow closed at a record (~52,000) while the S&P 500 and Nasdaq both slipped as tech took a breather.
- This morning: Nasdaq futures higher; oil holding near a 3-month low (~$75/bbl); gold near its record (~$4,350); the dollar a touch softer.
- All eyes on the Federal Reserve's first rate decision under new chair Kevin Warsh, due later this week.

Luxury Equities
- Europe (today's open vs yesterday's close): a quiet, mixed open. LVMH (MC) +0.2%; Burberry (BRBY) +0.5%; Watches of Switzerland (WOSG) +0.4%; Hermès (RMS) −0.2%; Kering (KER) flat; Richemont (CFR) −0.6%; Swatch (UHR) −0.5%.
- The transatlantic split: yesterday in New York every US-listed luxury name we track closed lower even as the Dow set a record — Capri (CPRI) and Ralph Lauren (RL) each off more than 1%. European luxury firm, US luxury soft.

A London Bet
- Hermès opened a new mega-boutique on Bond Street in London — a big bet on the city's luxury appeal even as the wider sector recovers.

Week Ahead
- RM Sotheby's Sealed (featuring a 1969 Lamborghini Miura) closes today, June 17.

Also from ALT/FNDATA:
- Luxury Spending — today (Wednesdays)
- Closing Price — this evening at 5 PM ET

]]> June 17: $35M Picasso Leads Art Basel; De Beers Sale Heats Up; Dow Hits a Record, European Luxury Holds as US Falls
Art Basel opens with blue-chip buyers back and a $35M Picasso leading; the diamond giant De Beers may change hands; Christie's doubles its Old Masters estimate in Paris; and markets wait on the Fed's first decision under Kevin Warsh.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260617
- Market reports: https://altfndata.com/go/ob-260617-r
- Podcast episodes: https://altfndata.com/go/ob-260617-p


Art Basel Opens
- The most important fair on the art calendar opened to collectors this week. Buyers moved quickly on blue-chip work on opening day, led by a Picasso at around $35M.
- The mood: cautious but improving — dealers "playing it safe" and watching for a broader recovery after a couple of softer years.

A Designer's Archive
- The long-hidden personal archive of Martin Margiela, the famously private Belgian designer, is heading to auction — following news that Sotheby's will sell ~1,000 personal Karl Lagerfeld sketches. Designer archives are becoming their own collecting category.

The Diamond Giant
- Anglo American is looking to sell De Beers, and a group led by Gareth Penny, a former De Beers chief executive, is said to be leading the race to buy it (Business of Fashion).
- ALT/FNDATA data: The Ocean Dream, a coloured-diamond ring that fetched $17.4M at Christie's Geneva (Magnificent Jewels, May 13). Whoever buys De Beers is betting demand for stones like that holds.

Old Masters
- Christie's Maîtres Anciens (Old Masters) sale in Paris totaled ~€5.7M, doubling its pre-sale estimate — more evidence that well-curated material still draws strong bidding.

Markets
- Yesterday's split: the Dow closed at a record (~52,000) while the S&P 500 and Nasdaq both slipped as tech took a breather.
- This morning: Nasdaq futures higher; oil holding near a 3-month low (~$75/bbl); gold near its record (~$4,350); the dollar a touch softer.
- All eyes on the Federal Reserve's first rate decision under new chair Kevin Warsh, due later this week.

Luxury Equities
- Europe (today's open vs yesterday's close): a quiet, mixed open. LVMH (MC) +0.2%; Burberry (BRBY) +0.5%; Watches of Switzerland (WOSG) +0.4%; Hermès (RMS) −0.2%; Kering (KER) flat; Richemont (CFR) −0.6%; Swatch (UHR) −0.5%.
- The transatlantic split: yesterday in New York every US-listed luxury name we track closed lower even as the Dow set a record — Capri (CPRI) and Ralph Lauren (RL) each off more than 1%. European luxury firm, US luxury soft.

A London Bet
- Hermès opened a new mega-boutique on Bond Street in London — a big bet on the city's luxury appeal even as the wider sector recovers.

Week Ahead
- RM Sotheby's Sealed (featuring a 1969 Lamborghini Miura) closes today, June 17.

Also from ALT/FNDATA:
- Luxury Spending — today (Wednesdays)
- Closing Price — this evening at 5 PM ET

]]> Wed, 17 Jun 2026 13:18:52 -0400 ALT/FNDATA ALT/FNDATA 310 June 17: $35M Picasso Leads Art Basel; De Beers Sale Heats Up; Dow Hits a Record, European Luxury Holds as US Falls
Art Basel opens with blue-chip buyers back and a $35M Picasso leading; the diamond giant De Beers may change hands; Christie's doubles its Old Masters estimate in Paris; and markets wait on the Fed's first decision under Kevin Warsh.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260617
- Market reports: https://altfndata.com/go/ob-260617-r
- Podcast episodes: https://altfndata.com/go/ob-260617-p


Art Basel Opens
- The most important fair on the art calendar opened to collectors this week. Buyers moved quickly on blue-chip work on opening day, led by a Picasso at around $35M.
- The mood: cautious but improving — dealers "playing it safe" and watching for a broader recovery after a couple of softer years.

A Designer's Archive
- The long-hidden personal archive of Martin Margiela, the famously private Belgian designer, is heading to auction — following news that Sotheby's will sell ~1,000 personal Karl Lagerfeld sketches. Designer archives are becoming their own collecting category.

The Diamond Giant
- Anglo American is looking to sell De Beers, and a group led by Gareth Penny, a former De Beers chief executive, is said to be leading the race to buy it (Business of Fashion).
- ALT/FNDATA data: The Ocean Dream, a coloured-diamond ring that fetched $17.4M at Christie's Geneva (Magnificent Jewels, May 13). Whoever buys De Beers is betting demand for stones like that holds.

Old Masters
- Christie's Maîtres Anciens (Old Masters) sale in Paris totaled ~€5.7M, doubling its pre-sale estimate — more evidence that well-curated material still draws strong bidding.

Markets
- Yesterday's split: the Dow closed at a record (~52,000) while the S&P 500 and Nasdaq both slipped as tech took a breather.
- This morning: Nasdaq futures higher; oil holding near a 3-month low (~$75/bbl); gold near its record (~$4,350); the dollar a touch softer.
- All eyes on the Federal Reserve's first rate decision under new chair Kevin Warsh, due later this week.

Luxury Equities
- Europe (today's open vs yesterday's close): a quiet, mixed open. LVMH (MC) +0.2%; Burberry (BRBY) +0.5%; Watches of Switzerland (WOSG) +0.4%; Hermès (RMS) −0.2%; Kering (KER) flat; Richemont (CFR) −0.6%; Swatch (UHR) −0.5%.
- The transatlantic split: yesterday in New York every US-listed luxury name we track closed lower even as the Dow set a record — Capri (CPRI) and Ralph Lauren (RL) each off more than 1%. European luxury firm, US luxury soft.

A London Bet
- Hermès opened a new mega-boutique on Bond Street in London — a big bet on the city's luxury appeal even as the wider sector recovers.

Week Ahead
- RM Sotheby's Sealed (featuring a 1969 Lamborghini Miura) closes today, June 17.

Also from ALT/FNDATA:
- Luxury Spending — today (Wednesdays)
- Closing Price — this evening at 5 PM ET

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi Patek Legend Philippe Stern Dies; Diane Keaton Estate Brings $4.2M; Japanese Whisky Sets $1M Record; Gold Hits New High 12 12 Patek Legend Philippe Stern Dies; Diane Keaton Estate Brings $4.2M; Japanese Whisky Sets $1M Record; Gold Hits New High full 45c59c64-7383-40d5-af2b-7709d15555cb https://share.transistor.fm/s/0cac65c4 June 16: Patek Legend Philippe Stern Dies; Diane Keaton Estate Brings $4.2M; Japanese Whisky Sets $1M Record; Gold Hits New High
The watch world loses Patek Philippe's Philippe Stern; the Diane Keaton estate brings $4.2 million at Bonhams; Japanese whisky sets a $1 million record; and with gold at a new high, Rolex and Piaget lean in. Plus markets, where the Dow closed at a record on the US-Iran deal.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260616
- Market reports: https://altfndata.com/go/ob-260616-r
- Podcast episodes: https://altfndata.com/go/ob-260616-p


Watches
- Philippe Stern, former president of Patek Philippe and one of the most influential figures in modern watchmaking, has died. He oversaw the Nautilus (1976) and the Calibre 89, billed at its 1989 debut as the most complicated watch in the world. He is the father of Patek's current president, Thierry Stern.
- Patek's grip on the top of the market held last week, when the rare "Red Dot" reference 3448G sold for $2.76M at Christie's New York.

Salerooms
- Bonhams sold the estate of the late actress Diane Keaton for $4.2M, led by the original script from her 1977 film "Annie Hall," which fetched nearly 100x its high estimate.
- Sotheby's will auction around 1,000 previously unseen personal sketches by the late Karl Lagerfeld, alongside other archive material including his iPods.

Whisky
- A Yamazaki 50 Year Old, made exclusively for a private Japanese club, sold for about $1M in Hong Kong — a record for Japanese whisky

Gold Is Hot
- Gold closed at a record Monday and kept climbing (~$4,360/oz this morning).
- Rolex raised gold-watch prices ~5%, its second increase this year (industry sources).
- Piaget unveiled Extraleganza, a 65-piece high-jewelry collection inspired by the gem-set dials of its ultra-thin watches.

Markets
- The Dow closed at a record Monday (~51,310) as the US-Iran deal to reopen the Strait of Hormuz eased oil fears, and it added roughly another 1.7% this morning (~52,180). Crude fell to a 3-month low (~$75/bbl) and US gasoline slipped below $4/gallon for the first time since April.
- SpaceX extended its post-IPO surge, up more than 50% over three sessions (~$213).
- Markets steadied ahead of the Federal Reserve's first rate decision under new chair Kevin Warsh, due 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 tomorrow, June 17.

Also from ALT/FNDATA:
- Art Market — Tuesdays (today)
- Closing Price — this evening at 5 PM ET

]]> June 16: Patek Legend Philippe Stern Dies; Diane Keaton Estate Brings $4.2M; Japanese Whisky Sets $1M Record; Gold Hits New High
The watch world loses Patek Philippe's Philippe Stern; the Diane Keaton estate brings $4.2 million at Bonhams; Japanese whisky sets a $1 million record; and with gold at a new high, Rolex and Piaget lean in. Plus markets, where the Dow closed at a record on the US-Iran deal.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260616
- Market reports: https://altfndata.com/go/ob-260616-r
- Podcast episodes: https://altfndata.com/go/ob-260616-p


Watches
- Philippe Stern, former president of Patek Philippe and one of the most influential figures in modern watchmaking, has died. He oversaw the Nautilus (1976) and the Calibre 89, billed at its 1989 debut as the most complicated watch in the world. He is the father of Patek's current president, Thierry Stern.
- Patek's grip on the top of the market held last week, when the rare "Red Dot" reference 3448G sold for $2.76M at Christie's New York.

Salerooms
- Bonhams sold the estate of the late actress Diane Keaton for $4.2M, led by the original script from her 1977 film "Annie Hall," which fetched nearly 100x its high estimate.
- Sotheby's will auction around 1,000 previously unseen personal sketches by the late Karl Lagerfeld, alongside other archive material including his iPods.

Whisky
- A Yamazaki 50 Year Old, made exclusively for a private Japanese club, sold for about $1M in Hong Kong — a record for Japanese whisky

Gold Is Hot
- Gold closed at a record Monday and kept climbing (~$4,360/oz this morning).
- Rolex raised gold-watch prices ~5%, its second increase this year (industry sources).
- Piaget unveiled Extraleganza, a 65-piece high-jewelry collection inspired by the gem-set dials of its ultra-thin watches.

Markets
- The Dow closed at a record Monday (~51,310) as the US-Iran deal to reopen the Strait of Hormuz eased oil fears, and it added roughly another 1.7% this morning (~52,180). Crude fell to a 3-month low (~$75/bbl) and US gasoline slipped below $4/gallon for the first time since April.
- SpaceX extended its post-IPO surge, up more than 50% over three sessions (~$213).
- Markets steadied ahead of the Federal Reserve's first rate decision under new chair Kevin Warsh, due 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 tomorrow, June 17.

Also from ALT/FNDATA:
- Art Market — Tuesdays (today)
- Closing Price — this evening at 5 PM ET

]]> Tue, 16 Jun 2026 22:42:24 -0400 ALT/FNDATA ALT/FNDATA 343 June 16: Patek Legend Philippe Stern Dies; Diane Keaton Estate Brings $4.2M; Japanese Whisky Sets $1M Record; Gold Hits New High
The watch world loses Patek Philippe's Philippe Stern; the Diane Keaton estate brings $4.2 million at Bonhams; Japanese whisky sets a $1 million record; and with gold at a new high, Rolex and Piaget lean in. Plus markets, where the Dow closed at a record on the US-Iran deal.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260616
- Market reports: https://altfndata.com/go/ob-260616-r
- Podcast episodes: https://altfndata.com/go/ob-260616-p


Watches
- Philippe Stern, former president of Patek Philippe and one of the most influential figures in modern watchmaking, has died. He oversaw the Nautilus (1976) and the Calibre 89, billed at its 1989 debut as the most complicated watch in the world. He is the father of Patek's current president, Thierry Stern.
- Patek's grip on the top of the market held last week, when the rare "Red Dot" reference 3448G sold for $2.76M at Christie's New York.

Salerooms
- Bonhams sold the estate of the late actress Diane Keaton for $4.2M, led by the original script from her 1977 film "Annie Hall," which fetched nearly 100x its high estimate.
- Sotheby's will auction around 1,000 previously unseen personal sketches by the late Karl Lagerfeld, alongside other archive material including his iPods.

Whisky
- A Yamazaki 50 Year Old, made exclusively for a private Japanese club, sold for about $1M in Hong Kong — a record for Japanese whisky

Gold Is Hot
- Gold closed at a record Monday and kept climbing (~$4,360/oz this morning).
- Rolex raised gold-watch prices ~5%, its second increase this year (industry sources).
- Piaget unveiled Extraleganza, a 65-piece high-jewelry collection inspired by the gem-set dials of its ultra-thin watches.

Markets
- The Dow closed at a record Monday (~51,310) as the US-Iran deal to reopen the Strait of Hormuz eased oil fears, and it added roughly another 1.7% this morning (~52,180). Crude fell to a 3-month low (~$75/bbl) and US gasoline slipped below $4/gallon for the first time since April.
- SpaceX extended its post-IPO surge, up more than 50% over three sessions (~$213).
- Markets steadied ahead of the Federal Reserve's first rate decision under new chair Kevin Warsh, due 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 tomorrow, June 17.

Also from ALT/FNDATA:
- Art Market — Tuesdays (today)
- Closing Price — this evening at 5 PM ET

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi Phillips Hits $75.8M Record Watch Sale with F.P. Journe for $13.9M; Christie's Design Tops $20M; Luxury Rallies on the Iran Deal 11 11 Phillips Hits $75.8M Record Watch Sale with F.P. Journe for $13.9M; Christie's Design Tops $20M; Luxury Rallies on the Iran Deal full 06e55920-0c4c-4c64-bcd8-7ef5e1d97b3b https://share.transistor.fm/s/925c56d8 June 15: Phillips Hits $75.8M Record Watch Sale with F.P. Journe for $13.9M; Christie's Design Tops $20M; Luxury Rallies on the Iran Deal
A record-breaking weekend for watches, a $20M Christie's Design sale, the South Asian art market still smashing records, a question mark over luxury handbags, and luxury stocks ripping on a US–Iran deal.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260615
- Market reports: https://altfndata.com/go/ob-260615-r
- Podcast episodes: https://altfndata.com/go/ob-260615-p


Watches — A Record Weekend
- Phillips held the highest-grossing watch auction in US history: $75.8M across two days, 100% sold by lot
- An F.P. Journe Chronomètre à Résonance sold for $13.9M — the highest price ever for a watch by an independent watchmaker
- Christie's Important Watches totaled $17.1M (99% sold by lot), led by the ultra-rare Patek Philippe "Red Dot" Ref. 3448G at $2.76M

Design
- Christie's Design sale totaled $20.2M, 89% sold by lot, 140% of the low estimate

South Asian Art
- At Christie's London, the Goodricke (tea-company) collection was led by a £3.8M Ganesh Pyne, with new auction highs for Abanindranath Tagore and Kattingeri Krishna Hebbar — the latest South Asian sale to smash expectations

Coming to the Block
- A class-winning 1954 Maserati A6GCS race car heads to Broad Arrow at Monterey Car Week (August), est. ~$3M

The Handbag Question
- The WSJ asks whether the luxury handbag's heyday is ending, pointing to an $8B slide in sales — even as the trophy end of the market holds firm

Luxury Business
- A new fund backed by LVMH and pro athletes (Dak Prescott, Tyrese Haliburton) is putting ~$50M into the activewear label Rhoback — luxury capital moving into performance wear
- Sources tell WWD that designer Bruno Sialelli (ex-Lanvin) has joined Balenciaga's studio, ahead of new creative director Pierpaolo Piccioli's debut

Markets — Luxury Rallies on the Iran News
- US stock futures jumped after the US and Iran reached an interim deal to reopen the Strait of Hormuz; that deal is the engine behind a powerful luxury rally
- European luxury opens (vs Friday's close; opened sharply higher, then faded): LVMH (MC) 535 EUR +4.8% (~+1.2% intraday); Kering (KER) 280 EUR +4.3%; Hermès (RMS) 1,766 EUR +4.1%; Richemont (CFR) 183 CHF +2.3%; Swatch (UHR) 214 CHF +2.2%; Watches of Switzerland (WOSG) 721p +1.2%; Burberry (BRBY) 1,201p +2.1%
- A footnote from Friday's SpaceX listing: South Korea's watchdog has widened a review of broker Mirae Asset Securities over a failed allocation of SpaceX shares

Remembering David Hockney
- Tributes continue for the painter, who died last week at 88 — from Tracey Emin to former Tate director Nicholas Serota

By the Numbers — from the ALT/FNDATA database
- F.P. Journe: the prior auction high in our data was $10.8M (Phillips, December 2025) — context for today's $13.9M record
- 1954 Maserati A6GCS: the last one in our data sold for $2.3M (RM Sotheby's, November 2025) — a same-model comp for the ~$3M upcoming lot
- Handbags: the top result over the past year is a rare Hermès Birkin 20 in matte alligator that sold for ~$490K at Christie's — the trophy end is holding up

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

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Art Market — Tuesdays

]]> June 15: Phillips Hits $75.8M Record Watch Sale with F.P. Journe for $13.9M; Christie's Design Tops $20M; Luxury Rallies on the Iran Deal
A record-breaking weekend for watches, a $20M Christie's Design sale, the South Asian art market still smashing records, a question mark over luxury handbags, and luxury stocks ripping on a US–Iran deal.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260615
- Market reports: https://altfndata.com/go/ob-260615-r
- Podcast episodes: https://altfndata.com/go/ob-260615-p


Watches — A Record Weekend
- Phillips held the highest-grossing watch auction in US history: $75.8M across two days, 100% sold by lot
- An F.P. Journe Chronomètre à Résonance sold for $13.9M — the highest price ever for a watch by an independent watchmaker
- Christie's Important Watches totaled $17.1M (99% sold by lot), led by the ultra-rare Patek Philippe "Red Dot" Ref. 3448G at $2.76M

Design
- Christie's Design sale totaled $20.2M, 89% sold by lot, 140% of the low estimate

South Asian Art
- At Christie's London, the Goodricke (tea-company) collection was led by a £3.8M Ganesh Pyne, with new auction highs for Abanindranath Tagore and Kattingeri Krishna Hebbar — the latest South Asian sale to smash expectations

Coming to the Block
- A class-winning 1954 Maserati A6GCS race car heads to Broad Arrow at Monterey Car Week (August), est. ~$3M

The Handbag Question
- The WSJ asks whether the luxury handbag's heyday is ending, pointing to an $8B slide in sales — even as the trophy end of the market holds firm

Luxury Business
- A new fund backed by LVMH and pro athletes (Dak Prescott, Tyrese Haliburton) is putting ~$50M into the activewear label Rhoback — luxury capital moving into performance wear
- Sources tell WWD that designer Bruno Sialelli (ex-Lanvin) has joined Balenciaga's studio, ahead of new creative director Pierpaolo Piccioli's debut

Markets — Luxury Rallies on the Iran News
- US stock futures jumped after the US and Iran reached an interim deal to reopen the Strait of Hormuz; that deal is the engine behind a powerful luxury rally
- European luxury opens (vs Friday's close; opened sharply higher, then faded): LVMH (MC) 535 EUR +4.8% (~+1.2% intraday); Kering (KER) 280 EUR +4.3%; Hermès (RMS) 1,766 EUR +4.1%; Richemont (CFR) 183 CHF +2.3%; Swatch (UHR) 214 CHF +2.2%; Watches of Switzerland (WOSG) 721p +1.2%; Burberry (BRBY) 1,201p +2.1%
- A footnote from Friday's SpaceX listing: South Korea's watchdog has widened a review of broker Mirae Asset Securities over a failed allocation of SpaceX shares

Remembering David Hockney
- Tributes continue for the painter, who died last week at 88 — from Tracey Emin to former Tate director Nicholas Serota

By the Numbers — from the ALT/FNDATA database
- F.P. Journe: the prior auction high in our data was $10.8M (Phillips, December 2025) — context for today's $13.9M record
- 1954 Maserati A6GCS: the last one in our data sold for $2.3M (RM Sotheby's, November 2025) — a same-model comp for the ~$3M upcoming lot
- Handbags: the top result over the past year is a rare Hermès Birkin 20 in matte alligator that sold for ~$490K at Christie's — the trophy end is holding up

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

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Art Market — Tuesdays

]]> Mon, 15 Jun 2026 15:19:57 -0400 ALT/FNDATA ALT/FNDATA 345 June 15: Phillips Hits $75.8M Record Watch Sale with F.P. Journe for $13.9M; Christie's Design Tops $20M; Luxury Rallies on the Iran Deal
A record-breaking weekend for watches, a $20M Christie's Design sale, the South Asian art market still smashing records, a question mark over luxury handbags, and luxury stocks ripping on a US–Iran deal.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260615
- Market reports: https://altfndata.com/go/ob-260615-r
- Podcast episodes: https://altfndata.com/go/ob-260615-p


Watches — A Record Weekend
- Phillips held the highest-grossing watch auction in US history: $75.8M across two days, 100% sold by lot
- An F.P. Journe Chronomètre à Résonance sold for $13.9M — the highest price ever for a watch by an independent watchmaker
- Christie's Important Watches totaled $17.1M (99% sold by lot), led by the ultra-rare Patek Philippe "Red Dot" Ref. 3448G at $2.76M

Design
- Christie's Design sale totaled $20.2M, 89% sold by lot, 140% of the low estimate

South Asian Art
- At Christie's London, the Goodricke (tea-company) collection was led by a £3.8M Ganesh Pyne, with new auction highs for Abanindranath Tagore and Kattingeri Krishna Hebbar — the latest South Asian sale to smash expectations

Coming to the Block
- A class-winning 1954 Maserati A6GCS race car heads to Broad Arrow at Monterey Car Week (August), est. ~$3M

The Handbag Question
- The WSJ asks whether the luxury handbag's heyday is ending, pointing to an $8B slide in sales — even as the trophy end of the market holds firm

Luxury Business
- A new fund backed by LVMH and pro athletes (Dak Prescott, Tyrese Haliburton) is putting ~$50M into the activewear label Rhoback — luxury capital moving into performance wear
- Sources tell WWD that designer Bruno Sialelli (ex-Lanvin) has joined Balenciaga's studio, ahead of new creative director Pierpaolo Piccioli's debut

Markets — Luxury Rallies on the Iran News
- US stock futures jumped after the US and Iran reached an interim deal to reopen the Strait of Hormuz; that deal is the engine behind a powerful luxury rally
- European luxury opens (vs Friday's close; opened sharply higher, then faded): LVMH (MC) 535 EUR +4.8% (~+1.2% intraday); Kering (KER) 280 EUR +4.3%; Hermès (RMS) 1,766 EUR +4.1%; Richemont (CFR) 183 CHF +2.3%; Swatch (UHR) 214 CHF +2.2%; Watches of Switzerland (WOSG) 721p +1.2%; Burberry (BRBY) 1,201p +2.1%
- A footnote from Friday's SpaceX listing: South Korea's watchdog has widened a review of broker Mirae Asset Securities over a failed allocation of SpaceX shares

Remembering David Hockney
- Tributes continue for the painter, who died last week at 88 — from Tracey Emin to former Tate director Nicholas Serota

By the Numbers — from the ALT/FNDATA database
- F.P. Journe: the prior auction high in our data was $10.8M (Phillips, December 2025) — context for today's $13.9M record
- 1954 Maserati A6GCS: the last one in our data sold for $2.3M (RM Sotheby's, November 2025) — a same-model comp for the ~$3M upcoming lot
- Handbags: the top result over the past year is a rare Hermès Birkin 20 in matte alligator that sold for ~$490K at Christie's — the trophy end is holding up

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

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Art Market — Tuesdays

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi David Hockney Dies at 88; Christie's South Asian Sale Hits £18.9M; Luxury Rallies on the Iran Deal 10 10 David Hockney Dies at 88; Christie's South Asian Sale Hits £18.9M; Luxury Rallies on the Iran Deal full 5f2fef63-8743-4fcf-9631-e301cfb0b08f https://share.transistor.fm/s/8a1a09e8 June 12: David Hockney Dies at 88; Christie's South Asian Sale Hits £18.9M; Luxury Rallies on the Iran Deal
The art world remembers David Hockney, a £18.9M South Asian sale at Christie's, a world-record Elizabeth Taylor handbag, and luxury stocks surging on a possible US–Iran peace deal.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260612
- Market reports: https://altfndata.com/go/ob-260612-r
- Podcast episodes: https://altfndata.com/go/ob-260612-p


In Memoriam
- David Hockney has died at 88 (at home in London, June 11). Born Bradford, 1937; pop-art pioneer; the Los Angeles pool paintings ("A Bigger Splash," "Portrait of an Artist"); joiners, Yorkshire landscapes, and iPad drawings. Held at the Met, MoMA, Tate and Centre Pompidou; his 2017 Tate Britain retrospective was the most-visited in that gallery's history; Royal Academician and Order of Merit, and he turned down a knighthood. "Portrait of an Artist" sold for $90M at Christie's in 2018 (then the record for a living artist) — he first sold it for $20,000 in 1972
- Nigel Cabourn, British menswear designer, has died at 77. Known for military- and workwear-inspired clothing drawn from his own vast archive of 20th-century military uniforms; a touchstone of the heritage-menswear movement

Auction Results
- Christie's "Sublime Shadows: South Asian Art From a Distinguished Collection" (London): £18.9M total — Christie's first dedicated sale of its kind since 2019, on strong international demand for South Asian modern & contemporary art
- Christie's "Handbags Online: The New York Edit": $3.26M total, 97% sold by lot. A Fendi Baguette once owned by Elizabeth Taylor set a world record for the model at $21,590

Markets — Luxury Rallies on the Iran News
- Luxury stocks surged on reports the US and Iran are nearing a deal to end their war; LVMH up ~5% in early trading; oil at a multi-month low. Bloomberg notes a whipsaw week, swinging from the year's worst day (Wednesday) to this rally in a matter of sessions
- European luxury opens (vs Thursday's close; US names open later): LVMH (MC) 508 EUR +3% (~+5% mid-morning); Kering (KER) 268 EUR +3.4%; Hermès (RMS) 1,680 EUR +2.3%; Richemont (CFR) 179 CHF +2.9%; Swatch (UHR) 205 CHF +1.6%; Watches of Switzerland (WOSG) 715p +1.4%; Burberry (BRBY) 1,161p +2.1%

Luxury Brands
- LVMH's Pucci, under designer Camille Miceli, is one of the group's fastest-growing labels via a Gen Z-friendly take on its Mediterranean heritage (BoF)
- Farfetch launches "Farfetch First," a new service to elevate the customer experience and support its brand partners (BoF)

Week Ahead
- Today: Christie's Important Watches (New York) + Christie's Paris Hermès online sale opens + Sotheby's Gem Drop
- June 13: Bonhams National Automobile Museum (Reno) + Phillips New York Watch Auction
- June 15: Sotheby's Important Watches

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Art Market — Tuesdays

]]> June 12: David Hockney Dies at 88; Christie's South Asian Sale Hits £18.9M; Luxury Rallies on the Iran Deal
The art world remembers David Hockney, a £18.9M South Asian sale at Christie's, a world-record Elizabeth Taylor handbag, and luxury stocks surging on a possible US–Iran peace deal.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260612
- Market reports: https://altfndata.com/go/ob-260612-r
- Podcast episodes: https://altfndata.com/go/ob-260612-p


In Memoriam
- David Hockney has died at 88 (at home in London, June 11). Born Bradford, 1937; pop-art pioneer; the Los Angeles pool paintings ("A Bigger Splash," "Portrait of an Artist"); joiners, Yorkshire landscapes, and iPad drawings. Held at the Met, MoMA, Tate and Centre Pompidou; his 2017 Tate Britain retrospective was the most-visited in that gallery's history; Royal Academician and Order of Merit, and he turned down a knighthood. "Portrait of an Artist" sold for $90M at Christie's in 2018 (then the record for a living artist) — he first sold it for $20,000 in 1972
- Nigel Cabourn, British menswear designer, has died at 77. Known for military- and workwear-inspired clothing drawn from his own vast archive of 20th-century military uniforms; a touchstone of the heritage-menswear movement

Auction Results
- Christie's "Sublime Shadows: South Asian Art From a Distinguished Collection" (London): £18.9M total — Christie's first dedicated sale of its kind since 2019, on strong international demand for South Asian modern & contemporary art
- Christie's "Handbags Online: The New York Edit": $3.26M total, 97% sold by lot. A Fendi Baguette once owned by Elizabeth Taylor set a world record for the model at $21,590

Markets — Luxury Rallies on the Iran News
- Luxury stocks surged on reports the US and Iran are nearing a deal to end their war; LVMH up ~5% in early trading; oil at a multi-month low. Bloomberg notes a whipsaw week, swinging from the year's worst day (Wednesday) to this rally in a matter of sessions
- European luxury opens (vs Thursday's close; US names open later): LVMH (MC) 508 EUR +3% (~+5% mid-morning); Kering (KER) 268 EUR +3.4%; Hermès (RMS) 1,680 EUR +2.3%; Richemont (CFR) 179 CHF +2.9%; Swatch (UHR) 205 CHF +1.6%; Watches of Switzerland (WOSG) 715p +1.4%; Burberry (BRBY) 1,161p +2.1%

Luxury Brands
- LVMH's Pucci, under designer Camille Miceli, is one of the group's fastest-growing labels via a Gen Z-friendly take on its Mediterranean heritage (BoF)
- Farfetch launches "Farfetch First," a new service to elevate the customer experience and support its brand partners (BoF)

Week Ahead
- Today: Christie's Important Watches (New York) + Christie's Paris Hermès online sale opens + Sotheby's Gem Drop
- June 13: Bonhams National Automobile Museum (Reno) + Phillips New York Watch Auction
- June 15: Sotheby's Important Watches

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Art Market — Tuesdays

]]> Fri, 12 Jun 2026 12:14:10 -0400 ALT/FNDATA ALT/FNDATA 320 June 12: David Hockney Dies at 88; Christie's South Asian Sale Hits £18.9M; Luxury Rallies on the Iran Deal
The art world remembers David Hockney, a £18.9M South Asian sale at Christie's, a world-record Elizabeth Taylor handbag, and luxury stocks surging on a possible US–Iran peace deal.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260612
- Market reports: https://altfndata.com/go/ob-260612-r
- Podcast episodes: https://altfndata.com/go/ob-260612-p


In Memoriam
- David Hockney has died at 88 (at home in London, June 11). Born Bradford, 1937; pop-art pioneer; the Los Angeles pool paintings ("A Bigger Splash," "Portrait of an Artist"); joiners, Yorkshire landscapes, and iPad drawings. Held at the Met, MoMA, Tate and Centre Pompidou; his 2017 Tate Britain retrospective was the most-visited in that gallery's history; Royal Academician and Order of Merit, and he turned down a knighthood. "Portrait of an Artist" sold for $90M at Christie's in 2018 (then the record for a living artist) — he first sold it for $20,000 in 1972
- Nigel Cabourn, British menswear designer, has died at 77. Known for military- and workwear-inspired clothing drawn from his own vast archive of 20th-century military uniforms; a touchstone of the heritage-menswear movement

Auction Results
- Christie's "Sublime Shadows: South Asian Art From a Distinguished Collection" (London): £18.9M total — Christie's first dedicated sale of its kind since 2019, on strong international demand for South Asian modern & contemporary art
- Christie's "Handbags Online: The New York Edit": $3.26M total, 97% sold by lot. A Fendi Baguette once owned by Elizabeth Taylor set a world record for the model at $21,590

Markets — Luxury Rallies on the Iran News
- Luxury stocks surged on reports the US and Iran are nearing a deal to end their war; LVMH up ~5% in early trading; oil at a multi-month low. Bloomberg notes a whipsaw week, swinging from the year's worst day (Wednesday) to this rally in a matter of sessions
- European luxury opens (vs Thursday's close; US names open later): LVMH (MC) 508 EUR +3% (~+5% mid-morning); Kering (KER) 268 EUR +3.4%; Hermès (RMS) 1,680 EUR +2.3%; Richemont (CFR) 179 CHF +2.9%; Swatch (UHR) 205 CHF +1.6%; Watches of Switzerland (WOSG) 715p +1.4%; Burberry (BRBY) 1,161p +2.1%

Luxury Brands
- LVMH's Pucci, under designer Camille Miceli, is one of the group's fastest-growing labels via a Gen Z-friendly take on its Mediterranean heritage (BoF)
- Farfetch launches "Farfetch First," a new service to elevate the customer experience and support its brand partners (BoF)

Week Ahead
- Today: Christie's Important Watches (New York) + Christie's Paris Hermès online sale opens + Sotheby's Gem Drop
- June 13: Bonhams National Automobile Museum (Reno) + Phillips New York Watch Auction
- June 15: Sotheby's Important Watches

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Art Market — Tuesdays

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi Christie's Fabergé Sale Hits $17.3M; Porsche Rules Out an Electric 911; Hugo Boss Weighs a €2B Bid 9 9 Christie's Fabergé Sale Hits $17.3M; Porsche Rules Out an Electric 911; Hugo Boss Weighs a €2B Bid full 0b0663fc-afdd-4d82-9f0e-e72d6b6c0b6f https://share.transistor.fm/s/3d242723 June 11: Christie's Fabergé Sale Hits $17.3M; Porsche Rules Out an Electric 911; Hugo Boss Weighs a €2B Bid
A $17.3M Fabergé collection at Christie's, a strong Asian-art result in Paris, the Empire State builder's Patek heading to Phillips, Porsche ruling out an electric 911, Frieze London's return, and where the luxury names opened.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260611
- Market reports: https://altfndata.com/go/ob-260611-r
- Podcast episodes: https://altfndata.com/go/ob-260611-p


Auction Results
- Christie's "A Treasured History: The Stream Family Collection" (New York, June 10): $17.3M total, 99% sold by lot, 231% of the low estimate. The collection of Matilda Geddings Gray and her niece Matilda Gray Stream, rich in Fabergé tied to Tsar Nicholas II; online portion open through June 17
- Christie's "Art d'Asie" (Paris): €9.1M, about 3x its pre-sale estimate, part of the 9th Printemps Asiatique; bidders from 20+ countries

Coming to the Block
- A 1929 yellow-gold Patek Philippe with a Tiffany dial, owned by Paul Starrett (who built the Empire State Building with his twin brother): Phillips New York Watch Auction, Lot 27, June 13, est. $15,000–$30,000

Cars
- Porsche CEO Michael Leiters rules out an electric 911; the 911 stays combustion (hybrid in the GTS and Turbo S) as EV demand cools — the Taycan has sold below expectations and the electric 718 is delayed

Art Market
- Frieze London returns this October with 172 galleries (≈300 with Frieze Masters, Regent's Park, Oct 14–18); a new curated section and a David Zwirner / Joan Miró estate collaboration headline Masters

Fine Jewelry
- At the Couture show (Las Vegas), retailers describe a "K-shaped consumer": strong demand at the high and entry ends, a softer $5,000–$10,000 middle (WWD)

Luxury Leadership & Deals
- Saint Laurent names Anouck Duranteau-Loeper (ex-Isabel Marant CEO) as deputy CEO, in charge of product
- Hugo Boss weighs an unsolicited ~€2 billion takeover offer from Mike Ashley's Frasers Group, which already owns ~26% (WWD)

Quick Hits
- Old Forester's collectible President's Choice single barrels + Garrison Brothers sherry-cask bourbons
- Scientists report a new way to spot fake Van Goghs, using surface metrology

Markets
- Wall Street's worst day of 2026 yesterday (Middle East clashes + inflation), bouncing today as the US wound down its Iran strikes and oil gave back gains; The Economist: the world's strategic oil reserves are running out fast

Luxury Stocks at the Open (vs Wednesday's close; US names open later)
- LVMH (MC) 486 EUR −0.4%; Kering (KER) 252 EUR −1.5%; Hermès (RMS) 1,630 EUR −0.4%; Richemont (CFR) 168 CHF −0.4%; Swatch (UHR) 200 CHF flat; Watches of Switzerland (WOSG) 698p −0.5%; Burberry (BRBY) 1,118p flat

Week Ahead
- Today: Bonhams London Fine Watches; Christie's first London sale of South Asian modern & contemporary art in 7 years
- June 12: Christie's Important Watches (NY) + Christie's Paris Hermès online sale opens + Sotheby's Gem Drop
- June 13: Bonhams National Automobile Museum (Reno) + Phillips New York Watch Auction (the Starrett Patek)
- June 15: Sotheby's Important Watches

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Auto Market — Thursdays

]]> June 11: Christie's Fabergé Sale Hits $17.3M; Porsche Rules Out an Electric 911; Hugo Boss Weighs a €2B Bid
A $17.3M Fabergé collection at Christie's, a strong Asian-art result in Paris, the Empire State builder's Patek heading to Phillips, Porsche ruling out an electric 911, Frieze London's return, and where the luxury names opened.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260611
- Market reports: https://altfndata.com/go/ob-260611-r
- Podcast episodes: https://altfndata.com/go/ob-260611-p


Auction Results
- Christie's "A Treasured History: The Stream Family Collection" (New York, June 10): $17.3M total, 99% sold by lot, 231% of the low estimate. The collection of Matilda Geddings Gray and her niece Matilda Gray Stream, rich in Fabergé tied to Tsar Nicholas II; online portion open through June 17
- Christie's "Art d'Asie" (Paris): €9.1M, about 3x its pre-sale estimate, part of the 9th Printemps Asiatique; bidders from 20+ countries

Coming to the Block
- A 1929 yellow-gold Patek Philippe with a Tiffany dial, owned by Paul Starrett (who built the Empire State Building with his twin brother): Phillips New York Watch Auction, Lot 27, June 13, est. $15,000–$30,000

Cars
- Porsche CEO Michael Leiters rules out an electric 911; the 911 stays combustion (hybrid in the GTS and Turbo S) as EV demand cools — the Taycan has sold below expectations and the electric 718 is delayed

Art Market
- Frieze London returns this October with 172 galleries (≈300 with Frieze Masters, Regent's Park, Oct 14–18); a new curated section and a David Zwirner / Joan Miró estate collaboration headline Masters

Fine Jewelry
- At the Couture show (Las Vegas), retailers describe a "K-shaped consumer": strong demand at the high and entry ends, a softer $5,000–$10,000 middle (WWD)

Luxury Leadership & Deals
- Saint Laurent names Anouck Duranteau-Loeper (ex-Isabel Marant CEO) as deputy CEO, in charge of product
- Hugo Boss weighs an unsolicited ~€2 billion takeover offer from Mike Ashley's Frasers Group, which already owns ~26% (WWD)

Quick Hits
- Old Forester's collectible President's Choice single barrels + Garrison Brothers sherry-cask bourbons
- Scientists report a new way to spot fake Van Goghs, using surface metrology

Markets
- Wall Street's worst day of 2026 yesterday (Middle East clashes + inflation), bouncing today as the US wound down its Iran strikes and oil gave back gains; The Economist: the world's strategic oil reserves are running out fast

Luxury Stocks at the Open (vs Wednesday's close; US names open later)
- LVMH (MC) 486 EUR −0.4%; Kering (KER) 252 EUR −1.5%; Hermès (RMS) 1,630 EUR −0.4%; Richemont (CFR) 168 CHF −0.4%; Swatch (UHR) 200 CHF flat; Watches of Switzerland (WOSG) 698p −0.5%; Burberry (BRBY) 1,118p flat

Week Ahead
- Today: Bonhams London Fine Watches; Christie's first London sale of South Asian modern & contemporary art in 7 years
- June 12: Christie's Important Watches (NY) + Christie's Paris Hermès online sale opens + Sotheby's Gem Drop
- June 13: Bonhams National Automobile Museum (Reno) + Phillips New York Watch Auction (the Starrett Patek)
- June 15: Sotheby's Important Watches

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Auto Market — Thursdays

]]> Thu, 11 Jun 2026 09:09:07 -0400 ALT/FNDATA ALT/FNDATA 424 June 11: Christie's Fabergé Sale Hits $17.3M; Porsche Rules Out an Electric 911; Hugo Boss Weighs a €2B Bid
A $17.3M Fabergé collection at Christie's, a strong Asian-art result in Paris, the Empire State builder's Patek heading to Phillips, Porsche ruling out an electric 911, Frieze London's return, and where the luxury names opened.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260611
- Market reports: https://altfndata.com/go/ob-260611-r
- Podcast episodes: https://altfndata.com/go/ob-260611-p


Auction Results
- Christie's "A Treasured History: The Stream Family Collection" (New York, June 10): $17.3M total, 99% sold by lot, 231% of the low estimate. The collection of Matilda Geddings Gray and her niece Matilda Gray Stream, rich in Fabergé tied to Tsar Nicholas II; online portion open through June 17
- Christie's "Art d'Asie" (Paris): €9.1M, about 3x its pre-sale estimate, part of the 9th Printemps Asiatique; bidders from 20+ countries

Coming to the Block
- A 1929 yellow-gold Patek Philippe with a Tiffany dial, owned by Paul Starrett (who built the Empire State Building with his twin brother): Phillips New York Watch Auction, Lot 27, June 13, est. $15,000–$30,000

Cars
- Porsche CEO Michael Leiters rules out an electric 911; the 911 stays combustion (hybrid in the GTS and Turbo S) as EV demand cools — the Taycan has sold below expectations and the electric 718 is delayed

Art Market
- Frieze London returns this October with 172 galleries (≈300 with Frieze Masters, Regent's Park, Oct 14–18); a new curated section and a David Zwirner / Joan Miró estate collaboration headline Masters

Fine Jewelry
- At the Couture show (Las Vegas), retailers describe a "K-shaped consumer": strong demand at the high and entry ends, a softer $5,000–$10,000 middle (WWD)

Luxury Leadership & Deals
- Saint Laurent names Anouck Duranteau-Loeper (ex-Isabel Marant CEO) as deputy CEO, in charge of product
- Hugo Boss weighs an unsolicited ~€2 billion takeover offer from Mike Ashley's Frasers Group, which already owns ~26% (WWD)

Quick Hits
- Old Forester's collectible President's Choice single barrels + Garrison Brothers sherry-cask bourbons
- Scientists report a new way to spot fake Van Goghs, using surface metrology

Markets
- Wall Street's worst day of 2026 yesterday (Middle East clashes + inflation), bouncing today as the US wound down its Iran strikes and oil gave back gains; The Economist: the world's strategic oil reserves are running out fast

Luxury Stocks at the Open (vs Wednesday's close; US names open later)
- LVMH (MC) 486 EUR −0.4%; Kering (KER) 252 EUR −1.5%; Hermès (RMS) 1,630 EUR −0.4%; Richemont (CFR) 168 CHF −0.4%; Swatch (UHR) 200 CHF flat; Watches of Switzerland (WOSG) 698p −0.5%; Burberry (BRBY) 1,118p flat

Week Ahead
- Today: Bonhams London Fine Watches; Christie's first London sale of South Asian modern & contemporary art in 7 years
- June 12: Christie's Important Watches (NY) + Christie's Paris Hermès online sale opens + Sotheby's Gem Drop
- June 13: Bonhams National Automobile Museum (Reno) + Phillips New York Watch Auction (the Starrett Patek)
- June 15: Sotheby's Important Watches

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Auto Market — Thursdays

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi Christie's Magnificent Jewels Hits $49.7M; India Pulls Ahead in Asian Art Market; CPI up 4.2% 8 8 Christie's Magnificent Jewels Hits $49.7M; India Pulls Ahead in Asian Art Market; CPI up 4.2% full c7a3a570-835f-45cb-94ed-fc7c7d4f1e73 https://share.transistor.fm/s/3be890e9 June 10: Christie's Magnificent Jewels Hits $49.7M; India Pulls Ahead in Asian Art Market; CPI up 4.2%
A $49.7M white-glove jewels sale at Christie's, two upcoming lots worth watching, a hard data read on Asia's splintering art market, and where the luxury names and metals opened this morning.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260610
- Market reports: https://altfndata.com/go/ob-260610-r
- Podcast episodes: https://altfndata.com/go/ob-260610-p


Jewelry — Auction Results
- Christie's Magnificent Jewels, New York: $49.7M total, 100% sold by lot, 149% of the low estimate, led by a stone called The Azure Blue
- Buyers: 58% Americas, 21% Asia-Pacific, 21% Europe

Coming to the Block
- 1985 Lamborghini Countach (1 of 300 of the most powerful version): RM Sotheby's, August, est. ~$1.1M
- Christie's announces the Collection of the Hon. Patrick and Lady Amabel Lindsay: 6 specialist sales, June–October; first group (5 Old Master paintings + 2 Italian illuminations) on June 30

Art Market — Asia Data Dive (Artnet)
- Asia's fine-art auction market: $2.2B in 2025, down from a $5.4B peak in 2021
- Average hammer price fell from $81,000 to $36,000; lot volume steady at ~61,000 works/year (a repricing, not a retreat)
- India strongest of the 5 core markets: median hammer ~$11,000, 89% sell-through (region's highest); Mumbai house AstaGuru grew revenue 138% and opened a London outpost
- Measured against 2016 prices: China −37% (held back by its property downturn), Japan −50%; South Korea climbed 26% above 2016 by 2021, then fell 88% the next year

High Jewellery
- Chanel names Marie-Laure Cérède (ex-Cartier and Harry Winston) to lead its jewellery design

Markets
- May CPI: US consumer prices +4.2% year-on-year; core inflation (excludes food and energy) came in below forecasts
- Luxury stocks at today's open (vs Tuesday's close): LVMH (MC) 496 EUR +0.8%, Kering (KER) 257 EUR +0.9%, Hermès (RMS) 1,674 EUR +0.5%, Richemont (CFR) 168.25 CHF +0.3%, Watches of Switzerland (WOSG) 715p +3%, Burberry (BRBY) 1,124p +1%, Ferrari (RACE) $354 −1.1%, Signet (SIG) $86 −0.4%
- Metals at the open: gold ~$4,276/oz, +0.4% vs Tuesday's close; silver ~$65, roughly flat

Collectibles — Quick Hits
- Elijah Craig 21-Year-Old Single Barrel bourbon returns, first release of that age statement in over a decade
- Porsche unveils 3 one-off 911s inspired by Toy Story 5, to be sold for charity

Also Noted
- The Economist: a bidding war for Monte dei Paschi di Siena, the world's oldest bank

Week Ahead
- Bonhams London Fine Watches + Christie's first London sale of South Asian modern & contemporary art in 7 years — June 11
- Christie's Important Watches, New York + Christie's Paris Hermès handbag sale (online, through June 24) + Sotheby's Gem Drop — June 12
- Bonhams sells ~100 cars from the National Automobile Museum, Reno — June 13

Also from ALT/FNDATA:
- Closing Price — Mon/Wed/Fri at 5 PM ET
- Luxury Spending — Wednesdays

]]> June 10: Christie's Magnificent Jewels Hits $49.7M; India Pulls Ahead in Asian Art Market; CPI up 4.2%
A $49.7M white-glove jewels sale at Christie's, two upcoming lots worth watching, a hard data read on Asia's splintering art market, and where the luxury names and metals opened this morning.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260610
- Market reports: https://altfndata.com/go/ob-260610-r
- Podcast episodes: https://altfndata.com/go/ob-260610-p


Jewelry — Auction Results
- Christie's Magnificent Jewels, New York: $49.7M total, 100% sold by lot, 149% of the low estimate, led by a stone called The Azure Blue
- Buyers: 58% Americas, 21% Asia-Pacific, 21% Europe

Coming to the Block
- 1985 Lamborghini Countach (1 of 300 of the most powerful version): RM Sotheby's, August, est. ~$1.1M
- Christie's announces the Collection of the Hon. Patrick and Lady Amabel Lindsay: 6 specialist sales, June–October; first group (5 Old Master paintings + 2 Italian illuminations) on June 30

Art Market — Asia Data Dive (Artnet)
- Asia's fine-art auction market: $2.2B in 2025, down from a $5.4B peak in 2021
- Average hammer price fell from $81,000 to $36,000; lot volume steady at ~61,000 works/year (a repricing, not a retreat)
- India strongest of the 5 core markets: median hammer ~$11,000, 89% sell-through (region's highest); Mumbai house AstaGuru grew revenue 138% and opened a London outpost
- Measured against 2016 prices: China −37% (held back by its property downturn), Japan −50%; South Korea climbed 26% above 2016 by 2021, then fell 88% the next year

High Jewellery
- Chanel names Marie-Laure Cérède (ex-Cartier and Harry Winston) to lead its jewellery design

Markets
- May CPI: US consumer prices +4.2% year-on-year; core inflation (excludes food and energy) came in below forecasts
- Luxury stocks at today's open (vs Tuesday's close): LVMH (MC) 496 EUR +0.8%, Kering (KER) 257 EUR +0.9%, Hermès (RMS) 1,674 EUR +0.5%, Richemont (CFR) 168.25 CHF +0.3%, Watches of Switzerland (WOSG) 715p +3%, Burberry (BRBY) 1,124p +1%, Ferrari (RACE) $354 −1.1%, Signet (SIG) $86 −0.4%
- Metals at the open: gold ~$4,276/oz, +0.4% vs Tuesday's close; silver ~$65, roughly flat

Collectibles — Quick Hits
- Elijah Craig 21-Year-Old Single Barrel bourbon returns, first release of that age statement in over a decade
- Porsche unveils 3 one-off 911s inspired by Toy Story 5, to be sold for charity

Also Noted
- The Economist: a bidding war for Monte dei Paschi di Siena, the world's oldest bank

Week Ahead
- Bonhams London Fine Watches + Christie's first London sale of South Asian modern & contemporary art in 7 years — June 11
- Christie's Important Watches, New York + Christie's Paris Hermès handbag sale (online, through June 24) + Sotheby's Gem Drop — June 12
- Bonhams sells ~100 cars from the National Automobile Museum, Reno — June 13

Also from ALT/FNDATA:
- Closing Price — Mon/Wed/Fri at 5 PM ET
- Luxury Spending — Wednesdays

]]> Wed, 10 Jun 2026 18:40:22 -0400 ALT/FNDATA ALT/FNDATA 392 June 10: Christie's Magnificent Jewels Hits $49.7M; India Pulls Ahead in Asian Art Market; CPI up 4.2%
A $49.7M white-glove jewels sale at Christie's, two upcoming lots worth watching, a hard data read on Asia's splintering art market, and where the luxury names and metals opened this morning.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260610
- Market reports: https://altfndata.com/go/ob-260610-r
- Podcast episodes: https://altfndata.com/go/ob-260610-p


Jewelry — Auction Results
- Christie's Magnificent Jewels, New York: $49.7M total, 100% sold by lot, 149% of the low estimate, led by a stone called The Azure Blue
- Buyers: 58% Americas, 21% Asia-Pacific, 21% Europe

Coming to the Block
- 1985 Lamborghini Countach (1 of 300 of the most powerful version): RM Sotheby's, August, est. ~$1.1M
- Christie's announces the Collection of the Hon. Patrick and Lady Amabel Lindsay: 6 specialist sales, June–October; first group (5 Old Master paintings + 2 Italian illuminations) on June 30

Art Market — Asia Data Dive (Artnet)
- Asia's fine-art auction market: $2.2B in 2025, down from a $5.4B peak in 2021
- Average hammer price fell from $81,000 to $36,000; lot volume steady at ~61,000 works/year (a repricing, not a retreat)
- India strongest of the 5 core markets: median hammer ~$11,000, 89% sell-through (region's highest); Mumbai house AstaGuru grew revenue 138% and opened a London outpost
- Measured against 2016 prices: China −37% (held back by its property downturn), Japan −50%; South Korea climbed 26% above 2016 by 2021, then fell 88% the next year

High Jewellery
- Chanel names Marie-Laure Cérède (ex-Cartier and Harry Winston) to lead its jewellery design

Markets
- May CPI: US consumer prices +4.2% year-on-year; core inflation (excludes food and energy) came in below forecasts
- Luxury stocks at today's open (vs Tuesday's close): LVMH (MC) 496 EUR +0.8%, Kering (KER) 257 EUR +0.9%, Hermès (RMS) 1,674 EUR +0.5%, Richemont (CFR) 168.25 CHF +0.3%, Watches of Switzerland (WOSG) 715p +3%, Burberry (BRBY) 1,124p +1%, Ferrari (RACE) $354 −1.1%, Signet (SIG) $86 −0.4%
- Metals at the open: gold ~$4,276/oz, +0.4% vs Tuesday's close; silver ~$65, roughly flat

Collectibles — Quick Hits
- Elijah Craig 21-Year-Old Single Barrel bourbon returns, first release of that age statement in over a decade
- Porsche unveils 3 one-off 911s inspired by Toy Story 5, to be sold for charity

Also Noted
- The Economist: a bidding war for Monte dei Paschi di Siena, the world's oldest bank

Week Ahead
- Bonhams London Fine Watches + Christie's first London sale of South Asian modern & contemporary art in 7 years — June 11
- Christie's Important Watches, New York + Christie's Paris Hermès handbag sale (online, through June 24) + Sotheby's Gem Drop — June 12
- Bonhams sells ~100 cars from the National Automobile Museum, Reno — June 13

Also from ALT/FNDATA:
- Closing Price — Mon/Wed/Fri at 5 PM ET
- Luxury Spending — Wednesdays

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi $3.2M Wine Cellar Sells Out at Christie's; Burberry's Bailey Buys Burleigh; New Balance Pushes into India 7 7 $3.2M Wine Cellar Sells Out at Christie's; Burberry's Bailey Buys Burleigh; New Balance Pushes into India full 80058cc1-2e99-479d-af87-3a55dff8c346 https://share.transistor.fm/s/64daf0ca June 9: $3.2M Wine Cellar Sells 100% at Christie's; Burberry's Bailey Buys a 175-Year-Old Pottery; New Balance Expands in India

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260609
- Market reports: https://altfndata.com/go/ob-260609-r
- Podcast episodes: https://altfndata.com/go/ob-260609-p


Christie's Wine Cellar Sells 100%
- The Exceptional Private Cellar of a Silicon Valley Pioneer sold June 5 at Christie's Rockefeller Center for $3,230,175
- 100% sold by lot; 132% sold by low estimate (total came in a third above the low end)
- A full white-glove result on a single-owner fine-wine collection

Christopher Bailey Acquires Burleigh
- Christopher Bailey, former chief creative officer and CEO of Burberry, is leading the acquisition of English pottery maker Burleigh
- The company is 175 years old — one of the oldest Victorian potteries still operating; terms not disclosed

eBay-Depop Under UK Review
- Britain's Competition and Markets Authority has opened a formal review of eBay's purchase of resale app Depop
- The regulator will decide by August 6 whether to clear the deal or refer it for an in-depth investigation

The Footwear Market, Two Ways
- StockX is launching a live-shopping service this summer — sneakers to electronics, sold in real time; CEO Greg Schwartz calls it the platform's next growth lever
- New Balance's India partner, Brandman Retail, plans to bring more global brands (Salomon, Anta) into India and more than quintuple its store count by 2028
- Designer Brands (parent of DSW) stock dropped on weak guidance; Q1 sales up just 1.4% to $696.35M

Quick Hits
- Nearly 11,000 bottles of Noble Oak bourbon were stolen in Philadelphia last week — the latest in a run of large spirits heists
- Actor Jason Momoa and Hedley Studios unveiled a one-of-a-kind electric Mini Bentley Blower — a scaled recreation of the 1920s race car, with 100 custom touches

Macro Note
- The Bank of France will raise its 2026 inflation forecast, Governor Emmanuel Moulin said, citing the effect of the Iran war on prices

Week Ahead
- Sotheby's Magnificent Jewels — June 9, New York (today)
- Christie's Important Watches — June 10, New York
- Bonhams Watches — June 11, London
- Christie's Paris Hermes Handbag (online) & Sotheby's The Gem Drop — June 12
- Bonhams National Automobile Museum (~100 cars) — June 13, Reno

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Art Market — Tuesdays at 8 AM ET
- Luxury Spending — Wednesdays at 8 AM ET
- Auto Market — Thursdays at 8 AM ET

]]> June 9: $3.2M Wine Cellar Sells 100% at Christie's; Burberry's Bailey Buys a 175-Year-Old Pottery; New Balance Expands in India

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260609
- Market reports: https://altfndata.com/go/ob-260609-r
- Podcast episodes: https://altfndata.com/go/ob-260609-p


Christie's Wine Cellar Sells 100%
- The Exceptional Private Cellar of a Silicon Valley Pioneer sold June 5 at Christie's Rockefeller Center for $3,230,175
- 100% sold by lot; 132% sold by low estimate (total came in a third above the low end)
- A full white-glove result on a single-owner fine-wine collection

Christopher Bailey Acquires Burleigh
- Christopher Bailey, former chief creative officer and CEO of Burberry, is leading the acquisition of English pottery maker Burleigh
- The company is 175 years old — one of the oldest Victorian potteries still operating; terms not disclosed

eBay-Depop Under UK Review
- Britain's Competition and Markets Authority has opened a formal review of eBay's purchase of resale app Depop
- The regulator will decide by August 6 whether to clear the deal or refer it for an in-depth investigation

The Footwear Market, Two Ways
- StockX is launching a live-shopping service this summer — sneakers to electronics, sold in real time; CEO Greg Schwartz calls it the platform's next growth lever
- New Balance's India partner, Brandman Retail, plans to bring more global brands (Salomon, Anta) into India and more than quintuple its store count by 2028
- Designer Brands (parent of DSW) stock dropped on weak guidance; Q1 sales up just 1.4% to $696.35M

Quick Hits
- Nearly 11,000 bottles of Noble Oak bourbon were stolen in Philadelphia last week — the latest in a run of large spirits heists
- Actor Jason Momoa and Hedley Studios unveiled a one-of-a-kind electric Mini Bentley Blower — a scaled recreation of the 1920s race car, with 100 custom touches

Macro Note
- The Bank of France will raise its 2026 inflation forecast, Governor Emmanuel Moulin said, citing the effect of the Iran war on prices

Week Ahead
- Sotheby's Magnificent Jewels — June 9, New York (today)
- Christie's Important Watches — June 10, New York
- Bonhams Watches — June 11, London
- Christie's Paris Hermes Handbag (online) & Sotheby's The Gem Drop — June 12
- Bonhams National Automobile Museum (~100 cars) — June 13, Reno

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Art Market — Tuesdays at 8 AM ET
- Luxury Spending — Wednesdays at 8 AM ET
- Auto Market — Thursdays at 8 AM ET

]]> Tue, 09 Jun 2026 15:03:10 -0400 ALT/FNDATA ALT/FNDATA 224 June 9: $3.2M Wine Cellar Sells 100% at Christie's; Burberry's Bailey Buys a 175-Year-Old Pottery; New Balance Expands in India

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260609
- Market reports: https://altfndata.com/go/ob-260609-r
- Podcast episodes: https://altfndata.com/go/ob-260609-p


Christie's Wine Cellar Sells 100%
- The Exceptional Private Cellar of a Silicon Valley Pioneer sold June 5 at Christie's Rockefeller Center for $3,230,175
- 100% sold by lot; 132% sold by low estimate (total came in a third above the low end)
- A full white-glove result on a single-owner fine-wine collection

Christopher Bailey Acquires Burleigh
- Christopher Bailey, former chief creative officer and CEO of Burberry, is leading the acquisition of English pottery maker Burleigh
- The company is 175 years old — one of the oldest Victorian potteries still operating; terms not disclosed

eBay-Depop Under UK Review
- Britain's Competition and Markets Authority has opened a formal review of eBay's purchase of resale app Depop
- The regulator will decide by August 6 whether to clear the deal or refer it for an in-depth investigation

The Footwear Market, Two Ways
- StockX is launching a live-shopping service this summer — sneakers to electronics, sold in real time; CEO Greg Schwartz calls it the platform's next growth lever
- New Balance's India partner, Brandman Retail, plans to bring more global brands (Salomon, Anta) into India and more than quintuple its store count by 2028
- Designer Brands (parent of DSW) stock dropped on weak guidance; Q1 sales up just 1.4% to $696.35M

Quick Hits
- Nearly 11,000 bottles of Noble Oak bourbon were stolen in Philadelphia last week — the latest in a run of large spirits heists
- Actor Jason Momoa and Hedley Studios unveiled a one-of-a-kind electric Mini Bentley Blower — a scaled recreation of the 1920s race car, with 100 custom touches

Macro Note
- The Bank of France will raise its 2026 inflation forecast, Governor Emmanuel Moulin said, citing the effect of the Iran war on prices

Week Ahead
- Sotheby's Magnificent Jewels — June 9, New York (today)
- Christie's Important Watches — June 10, New York
- Bonhams Watches — June 11, London
- Christie's Paris Hermes Handbag (online) & Sotheby's The Gem Drop — June 12
- Bonhams National Automobile Museum (~100 cars) — June 13, Reno

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Art Market — Tuesdays at 8 AM ET
- Luxury Spending — Wednesdays at 8 AM ET
- Auto Market — Thursdays at 8 AM ET

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi $50M Pollock Fails in Sotheby's Private Sale; Prada Heads to the Moon 6 6 $50M Pollock Fails in Sotheby's Private Sale; Prada Heads to the Moon full c0bf7878-66c4-4580-9092-ae07dd4e9a1b https://share.transistor.fm/s/0f20dca5 June 8: $50M Pollock Fails in Sotheby's Private Sale; Prada Heads to the Moon

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260608
- Market reports: https://altfndata.com/go/ob-260608-r
- Podcast episodes: https://altfndata.com/go/ob-260608-p


$50M Pollock Fails in Private Sale
- A Jackson Pollock owned by dealer Arne Glimcher, reportedly priced ~$50M, failed to sell in a Sotheby's private sale
- Follows last week's news that Pace Gallery is cutting ~50 artists; CEO Marc Glimcher called the mega-gallery model "unfixable"
- Artnet asks whether the mega-gallery model is collapsing; reports Asia's art market is recalibrating

Leadership Moves
- Printemps names Remy Baume CEO, effective immediately — role vacant since September last year
- Carven names Kai Nesselrath (from Anthony Vaccarello's Saint Laurent studio) design director; debut collection for the ICCF-owned label at Paris Fashion Week in autumn

Prada in Space
- Prada and Axiom Space unveil a new inner-layer garment for NASA astronauts on the lunar surface, ahead of Artemis IV
- Shown at Prada's SoHo flagship; part of Prada's push to be the first major luxury house in the space industry

Quick Hits
- Bombardier's new Global 8000 flew Montreal to Nice in just over six hours (record)
- 'Entourage' actor Jeremy Piven sold his Hollywood Hills home for $6.85M — just $50K more than he paid in 2017, after first listing at $9.5M
- London: the buyer of a Regent's Park mansion flipped it for ~£195M (~$260M), a markup of ~£56M — one of the UK's highest-value home sales on record (Bloomberg)
- Espolon released a new Extra Anejo tequila finished in Chardonnay casks — its second extra anejo expression
- Timberland opened at the American Dream Mall (NJ) — part of a plan to open 20 new stores in fiscal 2027

Week Ahead
- Sotheby's Magnificent Jewels — June 9, New York
- Christie's watches — June 10
- Bonhams watches — June 11
- Phillips watches — June 13-14
- Sotheby's watches — June 15
- Bonhams National Automobile Museum — June 13, Reno

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Art Market — Tuesdays at 8 AM ET
- Luxury Spending — Wednesdays at 8 AM ET
- Auto Market — Thursdays at 8 AM ET

]]> June 8: $50M Pollock Fails in Sotheby's Private Sale; Prada Heads to the Moon

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260608
- Market reports: https://altfndata.com/go/ob-260608-r
- Podcast episodes: https://altfndata.com/go/ob-260608-p


$50M Pollock Fails in Private Sale
- A Jackson Pollock owned by dealer Arne Glimcher, reportedly priced ~$50M, failed to sell in a Sotheby's private sale
- Follows last week's news that Pace Gallery is cutting ~50 artists; CEO Marc Glimcher called the mega-gallery model "unfixable"
- Artnet asks whether the mega-gallery model is collapsing; reports Asia's art market is recalibrating

Leadership Moves
- Printemps names Remy Baume CEO, effective immediately — role vacant since September last year
- Carven names Kai Nesselrath (from Anthony Vaccarello's Saint Laurent studio) design director; debut collection for the ICCF-owned label at Paris Fashion Week in autumn

Prada in Space
- Prada and Axiom Space unveil a new inner-layer garment for NASA astronauts on the lunar surface, ahead of Artemis IV
- Shown at Prada's SoHo flagship; part of Prada's push to be the first major luxury house in the space industry

Quick Hits
- Bombardier's new Global 8000 flew Montreal to Nice in just over six hours (record)
- 'Entourage' actor Jeremy Piven sold his Hollywood Hills home for $6.85M — just $50K more than he paid in 2017, after first listing at $9.5M
- London: the buyer of a Regent's Park mansion flipped it for ~£195M (~$260M), a markup of ~£56M — one of the UK's highest-value home sales on record (Bloomberg)
- Espolon released a new Extra Anejo tequila finished in Chardonnay casks — its second extra anejo expression
- Timberland opened at the American Dream Mall (NJ) — part of a plan to open 20 new stores in fiscal 2027

Week Ahead
- Sotheby's Magnificent Jewels — June 9, New York
- Christie's watches — June 10
- Bonhams watches — June 11
- Phillips watches — June 13-14
- Sotheby's watches — June 15
- Bonhams National Automobile Museum — June 13, Reno

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Art Market — Tuesdays at 8 AM ET
- Luxury Spending — Wednesdays at 8 AM ET
- Auto Market — Thursdays at 8 AM ET

]]> Mon, 08 Jun 2026 18:33:05 -0400 ALT/FNDATA ALT/FNDATA 261 June 8: $50M Pollock Fails in Sotheby's Private Sale; Prada Heads to the Moon

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260608
- Market reports: https://altfndata.com/go/ob-260608-r
- Podcast episodes: https://altfndata.com/go/ob-260608-p


$50M Pollock Fails in Private Sale
- A Jackson Pollock owned by dealer Arne Glimcher, reportedly priced ~$50M, failed to sell in a Sotheby's private sale
- Follows last week's news that Pace Gallery is cutting ~50 artists; CEO Marc Glimcher called the mega-gallery model "unfixable"
- Artnet asks whether the mega-gallery model is collapsing; reports Asia's art market is recalibrating

Leadership Moves
- Printemps names Remy Baume CEO, effective immediately — role vacant since September last year
- Carven names Kai Nesselrath (from Anthony Vaccarello's Saint Laurent studio) design director; debut collection for the ICCF-owned label at Paris Fashion Week in autumn

Prada in Space
- Prada and Axiom Space unveil a new inner-layer garment for NASA astronauts on the lunar surface, ahead of Artemis IV
- Shown at Prada's SoHo flagship; part of Prada's push to be the first major luxury house in the space industry

Quick Hits
- Bombardier's new Global 8000 flew Montreal to Nice in just over six hours (record)
- 'Entourage' actor Jeremy Piven sold his Hollywood Hills home for $6.85M — just $50K more than he paid in 2017, after first listing at $9.5M
- London: the buyer of a Regent's Park mansion flipped it for ~£195M (~$260M), a markup of ~£56M — one of the UK's highest-value home sales on record (Bloomberg)
- Espolon released a new Extra Anejo tequila finished in Chardonnay casks — its second extra anejo expression
- Timberland opened at the American Dream Mall (NJ) — part of a plan to open 20 new stores in fiscal 2027

Week Ahead
- Sotheby's Magnificent Jewels — June 9, New York
- Christie's watches — June 10
- Bonhams watches — June 11
- Phillips watches — June 13-14
- Sotheby's watches — June 15
- Bonhams National Automobile Museum — June 13, Reno

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Art Market — Tuesdays at 8 AM ET
- Luxury Spending — Wednesdays at 8 AM ET
- Auto Market — Thursdays at 8 AM ET

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi Pace Gallery Drops 50 Artists; Bonhams Motorcycle Sale with 300+ Lots 5 5 Pace Gallery Drops 50 Artists; Bonhams Motorcycle Sale with 300+ Lots full 10b4fe16-89bd-4c37-b1e2-14abea96e829 https://share.transistor.fm/s/572962f4 June 5: Pace Gallery Drops 50 Artists; Bonhams Motorcycle Sale with 300+ Lots

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260605
- Market reports: https://altfndata.com/go/ob-260605-r
- Podcast episodes: https://altfndata.com/go/ob-260605-p


Pace Gallery Restructuring
- Cutting ~50 artists from roster of 135, reducing staff from 250 to 200
- CEO Marc Glimcher describes mega-gallery model as "unfixable"
- Locations: New York, London, Los Angeles, Hong Kong, Seoul, Tokyo, Geneva

Sagrada Familia
- 18th and final tower completed after 144 years of construction
- Pope scheduled to inaugurate
- Designed by Antoni Gaudi; long considered incompletable

Luxury & Fashion
- Zegna (ZGN) staging Summer 2027 runway show in Los Angeles today
- Villa Zegna invitation-only private club opens in Hollywood
- Zegna joins Dior, Gucci, and Louis Vuitton in staging shows outside traditional fashion week calendar

Auctions & Events
- Bonhams Motorcycles Online Summer Sale live through June 15 — 300+ lots, 250+ without reserve
- 100+ artists threaten legal action against Venice Biennale over Visitors' Lions prize
- London Gallery Weekend opens today — 120+ galleries participating

Week 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

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Art Market — Tuesdays at 8 AM ET
- Luxury Spending — Wednesdays at 8 AM ET
- Auto Market — Thursdays at 8 AM ET

]]> June 5: Pace Gallery Drops 50 Artists; Bonhams Motorcycle Sale with 300+ Lots

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260605
- Market reports: https://altfndata.com/go/ob-260605-r
- Podcast episodes: https://altfndata.com/go/ob-260605-p


Pace Gallery Restructuring
- Cutting ~50 artists from roster of 135, reducing staff from 250 to 200
- CEO Marc Glimcher describes mega-gallery model as "unfixable"
- Locations: New York, London, Los Angeles, Hong Kong, Seoul, Tokyo, Geneva

Sagrada Familia
- 18th and final tower completed after 144 years of construction
- Pope scheduled to inaugurate
- Designed by Antoni Gaudi; long considered incompletable

Luxury & Fashion
- Zegna (ZGN) staging Summer 2027 runway show in Los Angeles today
- Villa Zegna invitation-only private club opens in Hollywood
- Zegna joins Dior, Gucci, and Louis Vuitton in staging shows outside traditional fashion week calendar

Auctions & Events
- Bonhams Motorcycles Online Summer Sale live through June 15 — 300+ lots, 250+ without reserve
- 100+ artists threaten legal action against Venice Biennale over Visitors' Lions prize
- London Gallery Weekend opens today — 120+ galleries participating

Week 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

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Art Market — Tuesdays at 8 AM ET
- Luxury Spending — Wednesdays at 8 AM ET
- Auto Market — Thursdays at 8 AM ET

]]> Fri, 05 Jun 2026 17:22:19 -0400 ALT/FNDATA ALT/FNDATA 189 June 5: Pace Gallery Drops 50 Artists; Bonhams Motorcycle Sale with 300+ Lots

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260605
- Market reports: https://altfndata.com/go/ob-260605-r
- Podcast episodes: https://altfndata.com/go/ob-260605-p


Pace Gallery Restructuring
- Cutting ~50 artists from roster of 135, reducing staff from 250 to 200
- CEO Marc Glimcher describes mega-gallery model as "unfixable"
- Locations: New York, London, Los Angeles, Hong Kong, Seoul, Tokyo, Geneva

Sagrada Familia
- 18th and final tower completed after 144 years of construction
- Pope scheduled to inaugurate
- Designed by Antoni Gaudi; long considered incompletable

Luxury & Fashion
- Zegna (ZGN) staging Summer 2027 runway show in Los Angeles today
- Villa Zegna invitation-only private club opens in Hollywood
- Zegna joins Dior, Gucci, and Louis Vuitton in staging shows outside traditional fashion week calendar

Auctions & Events
- Bonhams Motorcycles Online Summer Sale live through June 15 — 300+ lots, 250+ without reserve
- 100+ artists threaten legal action against Venice Biennale over Visitors' Lions prize
- London Gallery Weekend opens today — 120+ galleries participating

Week 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

Also from ALT/FNDATA:
- Closing Price — Mon-Fri at 5 PM ET
- Art Market — Tuesdays at 8 AM ET
- Luxury Spending — Wednesdays at 8 AM ET
- Auto Market — Thursdays at 8 AM ET

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi Centre Pompidou Opens in Seoul; Ferrari 599XX Leads RM Sotheby's Tegernsee at EUR 2.5M 4 4 Centre Pompidou Opens in Seoul; Ferrari 599XX Leads RM Sotheby's Tegernsee at EUR 2.5M full abbcca5b-733b-4a55-94d8-cdfe0c1cd69e https://share.transistor.fm/s/c7eb1ac8 June 4: Centre Pompidou Opens in Seoul; Ferrari 599XX Leads RM Sotheby's Tegernsee at EUR 2.5M

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260604
- Market reports: https://altfndata.com/go/ob-260604-r
- Podcast episodes: https://altfndata.com/go/ob-260604-p


Centre Pompidou Seoul
- Centre Pompidou Hanwha opens today in Yeouido, Seoul's finance district
- 10,000 sqm across four floors inside the 63 Building, designed by Jean-Michel Wilmotte
- Former aquarium converted into a "box of light"
- Inaugural exhibition: "The Cubists: Inventing Modern Vision" — Picasso, Kandinsky, Matisse, Chagall
- Partnership with Hanwha Foundation (Hanwha conglomerate)
- Opens on the 140th anniversary of France-Korea diplomatic relations

RM Sotheby's Tegernsee — Consignment Announced (July 4)
- 2009 Ferrari 599XX Evo: EUR 2M–2.5M (headline lot)
- 2023 Ferrari 812 Competizione: EUR 1.25M–1.5M
- 2004 Porsche Carrera GT: EUR 1.2M–1.6M
- 1960 Porsche 356 B Carrera 1600 GS/GT Coupe by Reutter: EUR 470K–570K
- 1971 Mercedes-Benz 280 SE 3.5 Cabriolet: EUR 300K–400K
- 2006 Mercedes-Benz CLK DTM AMG Cabriolet

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

Equity Snapshot
- LVMH (MC.PA): EUR 477.10, day range 473–479.75
- BMW, Mercedes-Benz, Porsche: testing technical support levels
- Ferrari (RACE): 29.5% operating margin

Also from ALT/FNDATA:
- Auto Market — Thursdays at 8 AM ET
- Closing Price — Mon-Fri at 5 PM ET

]]> June 4: Centre Pompidou Opens in Seoul; Ferrari 599XX Leads RM Sotheby's Tegernsee at EUR 2.5M

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260604
- Market reports: https://altfndata.com/go/ob-260604-r
- Podcast episodes: https://altfndata.com/go/ob-260604-p


Centre Pompidou Seoul
- Centre Pompidou Hanwha opens today in Yeouido, Seoul's finance district
- 10,000 sqm across four floors inside the 63 Building, designed by Jean-Michel Wilmotte
- Former aquarium converted into a "box of light"
- Inaugural exhibition: "The Cubists: Inventing Modern Vision" — Picasso, Kandinsky, Matisse, Chagall
- Partnership with Hanwha Foundation (Hanwha conglomerate)
- Opens on the 140th anniversary of France-Korea diplomatic relations

RM Sotheby's Tegernsee — Consignment Announced (July 4)
- 2009 Ferrari 599XX Evo: EUR 2M–2.5M (headline lot)
- 2023 Ferrari 812 Competizione: EUR 1.25M–1.5M
- 2004 Porsche Carrera GT: EUR 1.2M–1.6M
- 1960 Porsche 356 B Carrera 1600 GS/GT Coupe by Reutter: EUR 470K–570K
- 1971 Mercedes-Benz 280 SE 3.5 Cabriolet: EUR 300K–400K
- 2006 Mercedes-Benz CLK DTM AMG Cabriolet

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

Equity Snapshot
- LVMH (MC.PA): EUR 477.10, day range 473–479.75
- BMW, Mercedes-Benz, Porsche: testing technical support levels
- Ferrari (RACE): 29.5% operating margin

Also from ALT/FNDATA:
- Auto Market — Thursdays at 8 AM ET
- Closing Price — Mon-Fri at 5 PM ET

]]> Thu, 04 Jun 2026 15:29:08 -0400 ALT/FNDATA ALT/FNDATA 210 June 4: Centre Pompidou Opens in Seoul; Ferrari 599XX Leads RM Sotheby's Tegernsee at EUR 2.5M

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260604
- Market reports: https://altfndata.com/go/ob-260604-r
- Podcast episodes: https://altfndata.com/go/ob-260604-p


Centre Pompidou Seoul
- Centre Pompidou Hanwha opens today in Yeouido, Seoul's finance district
- 10,000 sqm across four floors inside the 63 Building, designed by Jean-Michel Wilmotte
- Former aquarium converted into a "box of light"
- Inaugural exhibition: "The Cubists: Inventing Modern Vision" — Picasso, Kandinsky, Matisse, Chagall
- Partnership with Hanwha Foundation (Hanwha conglomerate)
- Opens on the 140th anniversary of France-Korea diplomatic relations

RM Sotheby's Tegernsee — Consignment Announced (July 4)
- 2009 Ferrari 599XX Evo: EUR 2M–2.5M (headline lot)
- 2023 Ferrari 812 Competizione: EUR 1.25M–1.5M
- 2004 Porsche Carrera GT: EUR 1.2M–1.6M
- 1960 Porsche 356 B Carrera 1600 GS/GT Coupe by Reutter: EUR 470K–570K
- 1971 Mercedes-Benz 280 SE 3.5 Cabriolet: EUR 300K–400K
- 2006 Mercedes-Benz CLK DTM AMG Cabriolet

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

Equity Snapshot
- LVMH (MC.PA): EUR 477.10, day range 473–479.75
- BMW, Mercedes-Benz, Porsche: testing technical support levels
- Ferrari (RACE): 29.5% operating margin

Also from ALT/FNDATA:
- Auto Market — Thursdays at 8 AM ET
- Closing Price — Mon-Fri at 5 PM ET

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi Neiman Marcus Closes Dallas Flagship; De Beers Reports 25% Rise in Diamond Spending 3 3 Neiman Marcus Closes Dallas Flagship; De Beers Reports 25% Rise in Diamond Spending full 4d149e44-e5b7-4e58-9038-a0b13a981ac1 https://share.transistor.fm/s/5fbc6175 June 3: Neiman Marcus Closes Dallas Flagship; De Beers Reports 25% Rise in Diamond Spending

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260603
- Market reports: https://altfndata.com/go/ob-260603-r
- Podcast episodes: https://altfndata.com/go/ob-260603-p


Luxury Retail
- Neiman Marcus closing its Dallas flagship store, over 100 years old, as part of Saks Global's Chapter 11 restructuring

Jewelry & Gems
- De Beers: average cost of a natural mined diamond reached $4,063 in 2025, up 25% from 2023
- Kao diamond mine going on care and maintenance from July amid rough-price downturn
- Christie's Hong Kong Important Watches auction: $36M total, Patek Philippe top lot at $1.8M
- Christie's Hong Kong: multi-gem ring sold for $194,500 — five times its high estimate

Swiss Watch Exports
- Swiss watch exports to the US fell 17% YoY in April
- Hong Kong luxury sales (jewelry, watches, clocks, valuable gifts) up 20% YoY in April

Equity Recap (from yesterday's Closing Price)
- Watches of Switzerland (WOSG.L): surged 14% on FY2026 earnings, US sales +24%
- Richemont (CFR.SW): near record high CHF 161.80
- LVMH (MC.PA): EUR 473, down 26% YTD
- Signet (SIG): raised full-year guidance

Also from ALT/FNDATA:
- Luxury Spending — Wednesdays at 8 AM ET
- Closing Price — Mon-Fri at 5 PM ET

]]> June 3: Neiman Marcus Closes Dallas Flagship; De Beers Reports 25% Rise in Diamond Spending

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260603
- Market reports: https://altfndata.com/go/ob-260603-r
- Podcast episodes: https://altfndata.com/go/ob-260603-p


Luxury Retail
- Neiman Marcus closing its Dallas flagship store, over 100 years old, as part of Saks Global's Chapter 11 restructuring

Jewelry & Gems
- De Beers: average cost of a natural mined diamond reached $4,063 in 2025, up 25% from 2023
- Kao diamond mine going on care and maintenance from July amid rough-price downturn
- Christie's Hong Kong Important Watches auction: $36M total, Patek Philippe top lot at $1.8M
- Christie's Hong Kong: multi-gem ring sold for $194,500 — five times its high estimate

Swiss Watch Exports
- Swiss watch exports to the US fell 17% YoY in April
- Hong Kong luxury sales (jewelry, watches, clocks, valuable gifts) up 20% YoY in April

Equity Recap (from yesterday's Closing Price)
- Watches of Switzerland (WOSG.L): surged 14% on FY2026 earnings, US sales +24%
- Richemont (CFR.SW): near record high CHF 161.80
- LVMH (MC.PA): EUR 473, down 26% YTD
- Signet (SIG): raised full-year guidance

Also from ALT/FNDATA:
- Luxury Spending — Wednesdays at 8 AM ET
- Closing Price — Mon-Fri at 5 PM ET

]]> Thu, 04 Jun 2026 00:00:58 -0400 ALT/FNDATA ALT/FNDATA 153 June 3: Neiman Marcus Closes Dallas Flagship; De Beers Reports 25% Rise in Diamond Spending

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260603
- Market reports: https://altfndata.com/go/ob-260603-r
- Podcast episodes: https://altfndata.com/go/ob-260603-p


Luxury Retail
- Neiman Marcus closing its Dallas flagship store, over 100 years old, as part of Saks Global's Chapter 11 restructuring

Jewelry & Gems
- De Beers: average cost of a natural mined diamond reached $4,063 in 2025, up 25% from 2023
- Kao diamond mine going on care and maintenance from July amid rough-price downturn
- Christie's Hong Kong Important Watches auction: $36M total, Patek Philippe top lot at $1.8M
- Christie's Hong Kong: multi-gem ring sold for $194,500 — five times its high estimate

Swiss Watch Exports
- Swiss watch exports to the US fell 17% YoY in April
- Hong Kong luxury sales (jewelry, watches, clocks, valuable gifts) up 20% YoY in April

Equity Recap (from yesterday's Closing Price)
- Watches of Switzerland (WOSG.L): surged 14% on FY2026 earnings, US sales +24%
- Richemont (CFR.SW): near record high CHF 161.80
- LVMH (MC.PA): EUR 473, down 26% YTD
- Signet (SIG): raised full-year guidance

Also from ALT/FNDATA:
- Luxury Spending — Wednesdays at 8 AM ET
- Closing Price — Mon-Fri at 5 PM ET

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi Global Top Art Sales Hit $4.55B in 2025 — First Growth Year Since 2022 2 2 Global Top Art Sales Hit $4.55B in 2025 — First Growth Year Since 2022 full 3bc205bb-8a2d-4e91-9f84-395285b6cdde https://share.transistor.fm/s/fb7cb50f June 2: Jerry Gogosian Dies at 40; Dawn Airey Named Arts Council England Chair

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260602
- Market reports: https://altfndata.com/go/ob-260602-r
- Podcast episodes: https://altfndata.com/go/ob-260602-p


Art World
- Hilde Lynn Helphenstein, known as Jerry Gogosian, has died at age 40 in Sao Paulo
- Dawn Airey announced as new chair of Arts Council England, replacing Nicholas Serota on August 1st

Institutional
- Crystal Bridges Museum of American Art completes major expansion, adding 50% more space
- Centre Pompidou Hanwha opens in Seoul on June 4th
- Elsewhere art fair launches in Philadelphia with 26 exhibitors at the Yowie Hotel

Market Recap (from yesterday's Closing Price)
- LVMH (MC.PA): EUR 473, down 26% YTD, near 52-week low
- Christie's spring evening session: $1.1B
- Richemont (CFR.SW): FY2026 sales EUR 22.4B, up 11%; jewelry maisons at 30.5% margin
- Ferrari (RACE): Q1 revenue EUR 1.85B
- Burberry (BRBY.L): net zero target delayed from 2040 to 2050

Market Context
- BofA spring 2026 report: global sales at Christie's, Sotheby's, Phillips reached $4.55B in 2025, up 11.1% from 2024
- 53% of lots sold above pre-sale estimates in 2025 vs 48% in 2024

Week Ahead
- Centre Pompidou Seoul — June 4
- RM Sotheby's Bavaria — June 5-6
- Sotheby's Magnificent Jewels, New York — June 9 (73.11-carat Fancy Vivid Yellow diamond by Glenn Spiro)

Also from ALT/FNDATA:
- Art Market — Tuesdays at 8 AM ET
- Closing Price — Mon-Fri at 5 PM ET

]]> June 2: Jerry Gogosian Dies at 40; Dawn Airey Named Arts Council England Chair

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260602
- Market reports: https://altfndata.com/go/ob-260602-r
- Podcast episodes: https://altfndata.com/go/ob-260602-p


Art World
- Hilde Lynn Helphenstein, known as Jerry Gogosian, has died at age 40 in Sao Paulo
- Dawn Airey announced as new chair of Arts Council England, replacing Nicholas Serota on August 1st

Institutional
- Crystal Bridges Museum of American Art completes major expansion, adding 50% more space
- Centre Pompidou Hanwha opens in Seoul on June 4th
- Elsewhere art fair launches in Philadelphia with 26 exhibitors at the Yowie Hotel

Market Recap (from yesterday's Closing Price)
- LVMH (MC.PA): EUR 473, down 26% YTD, near 52-week low
- Christie's spring evening session: $1.1B
- Richemont (CFR.SW): FY2026 sales EUR 22.4B, up 11%; jewelry maisons at 30.5% margin
- Ferrari (RACE): Q1 revenue EUR 1.85B
- Burberry (BRBY.L): net zero target delayed from 2040 to 2050

Market Context
- BofA spring 2026 report: global sales at Christie's, Sotheby's, Phillips reached $4.55B in 2025, up 11.1% from 2024
- 53% of lots sold above pre-sale estimates in 2025 vs 48% in 2024

Week Ahead
- Centre Pompidou Seoul — June 4
- RM Sotheby's Bavaria — June 5-6
- Sotheby's Magnificent Jewels, New York — June 9 (73.11-carat Fancy Vivid Yellow diamond by Glenn Spiro)

Also from ALT/FNDATA:
- Art Market — Tuesdays at 8 AM ET
- Closing Price — Mon-Fri at 5 PM ET

]]> Tue, 02 Jun 2026 19:40:51 -0400 ALT/FNDATA ALT/FNDATA 236 June 2: Jerry Gogosian Dies at 40; Dawn Airey Named Arts Council England Chair

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260602
- Market reports: https://altfndata.com/go/ob-260602-r
- Podcast episodes: https://altfndata.com/go/ob-260602-p


Art World
- Hilde Lynn Helphenstein, known as Jerry Gogosian, has died at age 40 in Sao Paulo
- Dawn Airey announced as new chair of Arts Council England, replacing Nicholas Serota on August 1st

Institutional
- Crystal Bridges Museum of American Art completes major expansion, adding 50% more space
- Centre Pompidou Hanwha opens in Seoul on June 4th
- Elsewhere art fair launches in Philadelphia with 26 exhibitors at the Yowie Hotel

Market Recap (from yesterday's Closing Price)
- LVMH (MC.PA): EUR 473, down 26% YTD, near 52-week low
- Christie's spring evening session: $1.1B
- Richemont (CFR.SW): FY2026 sales EUR 22.4B, up 11%; jewelry maisons at 30.5% margin
- Ferrari (RACE): Q1 revenue EUR 1.85B
- Burberry (BRBY.L): net zero target delayed from 2040 to 2050

Market Context
- BofA spring 2026 report: global sales at Christie's, Sotheby's, Phillips reached $4.55B in 2025, up 11.1% from 2024
- 53% of lots sold above pre-sale estimates in 2025 vs 48% in 2024

Week Ahead
- Centre Pompidou Seoul — June 4
- RM Sotheby's Bavaria — June 5-6
- Sotheby's Magnificent Jewels, New York — June 9 (73.11-carat Fancy Vivid Yellow diamond by Glenn Spiro)

Also from ALT/FNDATA:
- Art Market — Tuesdays at 8 AM ET
- Closing Price — Mon-Fri at 5 PM ET

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi Spring Sales Achieve $1.8B Across Christie's, Sotheby's, and Phillips 1 1 Spring Sales Achieve $1.8B Across Christie's, Sotheby's, and Phillips full 82698478-9cff-4b95-949b-19fd9b026245 https://share.transistor.fm/s/3374bbab June 1: Spring Sales Achieve $1.8B Across Christie's, Sotheby's, and Phillips
New York's May spring auction season has concluded with $1.8 billion across Christie's, Sotheby's, and Phillips.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260601
- Market reports: https://altfndata.com/go/ob-260601-r
- Podcast episodes: https://altfndata.com/go/ob-260601-p


In this episode:
- Christie's posts $1.1B evening session; Pollock's "Number 7A, 1948" realizes $181M
- Sotheby's finishes at $909M; Rothko's "Brown and Blacks in Red" at $85.8M
- Phillips posts $115M, more than double its 2025 total
- Sotheby's High Jewelry sale achieves $31.4M with 95% sell-through
- 73.11-carat Fancy Vivid Yellow diamond by Glenn Spiro leads June 9th Magnificent Jewels
- Heritage Auctions spring sale features signed Hermes Birkin
- Christie's Paris announces dedicated Hermes handbag auction for June
- Centre Pompidou Hanwha opens in Seoul on June 4th
- John Armleder receives carte blanche at Musee d'Art et d'Histoire, Geneva
- The Market by Bonhams: 2009 Ferrari California ~$34,000 | 2018 Jaguar F-Type ~$20,000 | 1991 Porsche 944 Turbo ~$8,000
- Week ahead: RM Sotheby's Bavaria (Thu-Fri), Sotheby's Magnificent Jewels (June 9)

Also from ALT/FNDATA:
- Closing Price — Mon/Wed/Fri at 5 PM ET: Connecting public equities to the global auction and luxury asset markets

]]> June 1: Spring Sales Achieve $1.8B Across Christie's, Sotheby's, and Phillips
New York's May spring auction season has concluded with $1.8 billion across Christie's, Sotheby's, and Phillips.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260601
- Market reports: https://altfndata.com/go/ob-260601-r
- Podcast episodes: https://altfndata.com/go/ob-260601-p


In this episode:
- Christie's posts $1.1B evening session; Pollock's "Number 7A, 1948" realizes $181M
- Sotheby's finishes at $909M; Rothko's "Brown and Blacks in Red" at $85.8M
- Phillips posts $115M, more than double its 2025 total
- Sotheby's High Jewelry sale achieves $31.4M with 95% sell-through
- 73.11-carat Fancy Vivid Yellow diamond by Glenn Spiro leads June 9th Magnificent Jewels
- Heritage Auctions spring sale features signed Hermes Birkin
- Christie's Paris announces dedicated Hermes handbag auction for June
- Centre Pompidou Hanwha opens in Seoul on June 4th
- John Armleder receives carte blanche at Musee d'Art et d'Histoire, Geneva
- The Market by Bonhams: 2009 Ferrari California ~$34,000 | 2018 Jaguar F-Type ~$20,000 | 1991 Porsche 944 Turbo ~$8,000
- Week ahead: RM Sotheby's Bavaria (Thu-Fri), Sotheby's Magnificent Jewels (June 9)

Also from ALT/FNDATA:
- Closing Price — Mon/Wed/Fri at 5 PM ET: Connecting public equities to the global auction and luxury asset markets

]]> Mon, 01 Jun 2026 17:24:17 -0400 ALT/FNDATA ALT/FNDATA 216 June 1: Spring Sales Achieve $1.8B Across Christie's, Sotheby's, and Phillips
New York's May spring auction season has concluded with $1.8 billion across Christie's, Sotheby's, and Phillips.

ALT/FNDATA
- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260601
- Market reports: https://altfndata.com/go/ob-260601-r
- Podcast episodes: https://altfndata.com/go/ob-260601-p


In this episode:
- Christie's posts $1.1B evening session; Pollock's "Number 7A, 1948" realizes $181M
- Sotheby's finishes at $909M; Rothko's "Brown and Blacks in Red" at $85.8M
- Phillips posts $115M, more than double its 2025 total
- Sotheby's High Jewelry sale achieves $31.4M with 95% sell-through
- 73.11-carat Fancy Vivid Yellow diamond by Glenn Spiro leads June 9th Magnificent Jewels
- Heritage Auctions spring sale features signed Hermes Birkin
- Christie's Paris announces dedicated Hermes handbag auction for June
- Centre Pompidou Hanwha opens in Seoul on June 4th
- John Armleder receives carte blanche at Musee d'Art et d'Histoire, Geneva
- The Market by Bonhams: 2009 Ferrari California ~$34,000 | 2018 Jaguar F-Type ~$20,000 | 1991 Porsche 944 Turbo ~$8,000
- Week ahead: RM Sotheby's Bavaria (Thu-Fri), Sotheby's Magnificent Jewels (June 9)

Also from ALT/FNDATA:
- Closing Price — Mon/Wed/Fri at 5 PM ET: Connecting public equities to the global auction and luxury asset markets

]]> luxury jewelry watches stock market luxury market auctions collectibles fine art jewelry watches collector cars handbags luxury brands art market alternative assets LVMH Hermès investing No Sharon Obuobi