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

ALT/FNDATA
  • 5.0 (1)
  • Business

Open Bid is your weekday morning briefing on the global auctions and marketplaces for luxury alternative assets. In under five minutes, host Sharon Obuobi delivers the key results, market data, and institutional developments across fine art, jewelry, watches, automobiles, and luxury goods — backed by proprietary data from ALT/FNDATA. Learn more about us at www.altfndata.com

Episodes

  1. 1d ago

    Pace Gallery Drops 50 Artists; Bonhams Motorcycle Sale with 300+ Lots

    June 5: Pace Gallery Drops 50 Artists; Bonhams Motorcycle Sale with 300+ Lots====In this episode: Pace Gallery Restructuring- Cutting ~50 artists from roster of 135, reducing staff from 250 to 200- CEO Marc Glimcher describes mega-gallery model as "unfixable"- Locations: New York, London, Los Angeles, Hong Kong, Seoul, Tokyo, 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 Links:- ALT/FNDATA: https://www.altfndata.com- Pace Gallery restructuring: https://news.artnet.com/market/pace-gallery-downsizes-cutting-artists-and-staff-2778584- Sagrada Familia: https://www.theartnewspaper.com/2026/06/04/gaudis-sagrada-familia-finally-shakes-off-its-incompletable-tag-as-pope-prepares-to-inaugurate-tallest-and-final-tower- Zegna LA runway: https://wwd.com/menswear-news/mens-designer-luxury/zegna-spring-2027-los-angeles-thom-browne-first-show-milan-fashion-week-1238638812/- Venice Biennale legal action: https://www.theartnewspaper.com/2026/06/04/more-than-100-artists-threaten-legal-action-against-venice-biennale 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

    3 min

  2. 2d ago

    Centre Pompidou Opens in Seoul; Ferrari 599XX Leads RM Sotheby's Tegernsee at EUR 2.5M

    June 4: Centre Pompidou Opens in Seoul; Ferrari 599XX Leads RM Sotheby's Tegernsee at EUR 2.5MIn this episode: Centre Pompidou Seoul- Centre Pompidou Hanwha opens today in Yeouido, Seoul's finance district- 10,000 sqm across four floors inside the 63 Building, designed by Jean-Michel Wilmotte- Former aquarium converted into a "box of light"- Inaugural exhibition: "The Cubists: Inventing Modern Vision" — Picasso, Kandinsky, Matisse, Chagall- Partnership with Hanwha Foundation (Hanwha conglomerate)- Opens on the 140th anniversary of France-Korea diplomatic 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 Links:- ALT/FNDATA: https://www.altfndata.com- Centre Pompidou Hanwha: https://www.centrepompidou.fr/en/lieu/centre-pompidou-hanwha- RM Sotheby's Tegernsee lots: https://rmsothebys.com/auctions/tc26/lots/- Ferrari 599XX consignment: https://www.magnetomagazine.com/articles/ferrari-599xx-leads-rm-sothebys-coe-germany-supporting-2026-tegernsee-sale/ Also from ALT/FNDATA:- Auto Market — Thursdays at 8 AM ET- Closing Price — Mon-Fri at 5 PM ET

    4 min

  3. 3d ago

    Neiman Marcus Closes Dallas Flagship; De Beers Reports 25% Rise in Diamond Spending

    June 3: Neiman Marcus Closes Dallas Flagship; De Beers Reports 25% Rise in Diamond SpendingIn this episode: Luxury Retail- Neiman Marcus closing its Dallas flagship store, over 100 years old, as part of Saks Global's Chapter 11 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 Links:- ALT/FNDATA: https://www.altfndata.com- Neiman Marcus / Saks Global: https://www.businessoffashion.com/news/retail/neiman-marcus-to-close-dallas-flagship/- De Beers diamond spending data: https://rapaport.com/news/natural-diamond-spending-and-sizes-rising-de-beers-says/- Christie's HK Important Watches: https://rapaport.com/news/important-watches-auction-rakes-in-36m-at-christies-hong-kong/- Swiss watch exports: https://rapaport.com/news/us-market-continues-to-weigh-on-swiss-watch-exports/ Also from ALT/FNDATA:- Luxury Spending — Wednesdays at 8 AM ET- Closing Price — Mon-Fri at 5 PM ET

    3 min

  4. 4d ago

    Global Top Art Sales Hit $4.55B in 2025 — First Growth Year Since 2022

    June 2: Jerry Gogosian Dies at 40; Dawn Airey Named Arts Council England ChairIn this episode: Art World- Hilde Lynn Helphenstein, known as Jerry Gogosian, has died at age 40 in Sao Paulo- Dawn Airey announced as new chair of Arts Council England, replacing Nicholas Serota on August 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) Links:- ALT/FNDATA: https://www.altfndata.com- Hilde Lynn Helphenstein: https://www.theartnewspaper.com/2026/06/02/artist-and-satirist-hilde-lynn-helphenstein-has-died-at-age-40-in-sao-paulo-local-media-reports- Dawn Airey, Arts Council England: https://www.theartnewspaper.com/2026/06/02/dawn-airey-announced-new-chair-arts-council-england- Crystal Bridges expansion: https://www.theartnewspaper.com/2026/06/01/crystal-bridges-opens-expansion-art-bridges-wellness-programme- BofA Art Market Report: https://www.pbig.ml.com/articles/art-market-spring-update.html Also from ALT/FNDATA:- Art Market — Tuesdays at 8 AM ET- Closing Price — Mon-Fri at 5 PM ET

    4 min

  5. 5d ago

    Spring Sales Achieve $1.8B Across Christie's, Sotheby's, and Phillips

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

    4 min
  • 5 Episodes

About

Open Bid is your weekday morning briefing on the global auctions and marketplaces for luxury alternative assets. In under five minutes, host Sharon Obuobi delivers the key results, market data, and institutional developments across fine art, jewelry, watches, automobiles, and luxury goods — backed by proprietary data from ALT/FNDATA. Learn more about us at www.altfndata.com

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