Open Bid — Daily Morning Briefing on Auctions, Luxury & Markets

About Open Bid — Daily Morning Briefing on Auctions, Luxury & Markets

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.

Publisher

ALT/FNDATA

Category

business · news

Language

en

Explicit

No

First episode

1 Jun 2026

Latest episode

24 Jul 2026

Latest episodes

26 episodes in the feed.

1. 

   24 Jul 2026

   Luxury Stocks Finally Move With the Saleroom: Richemont's 24% Jewelry Surge, a Record $6.8 Billion Half, and the Largest Memorabilia Sale Ever

   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

2. 

   15 Jul 2026

   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

   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

3. 

   3 Jul 2026

   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

   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

Reach and audience

Public platform figures. Ratings count people who left a rating, not total listeners.

Apple Podcasts (US)

5.0 / 5

1 ratings

Spotify

5.0 / 5

1 ratings

Contact Open Bid — Daily Morning Briefing on Auctions, Luxury & Markets

Guest appearances

Does not typically book guests

Based on episode analysis; this does not confirm that the show is currently accepting guests.