{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Open Bid — Daily Morning Briefing on Auctions, Luxury & Markets","title":"Billionaire's Collection Sells for $392.6M; a Modigliani Bought for $12.4M Sold for $63.9M; Versace's CEO Steps Down","html":"","width":"100%","height":180,"duration":310,"description":"June 25: Billionaire's Collection Sells for $392.6M; a Modigliani Bought for $12.4M Sold for $63.9M; Versace's CEO Steps Down\nThe 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.\nALT/FNDATA\n- Membership: (Use PODCAST15 for 15% off) https://altfndata.com/go/ob-260625\n- Market reports: https://altfndata.com/go/ob-260625-r\n- Podcast episodes: https://altfndata.com/go/ob-260625-p\nThe Lewis Collection: A Record Night\n- 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.\n- 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.\nFrom Our Data\n- 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.\nLuxury Business: A Change at Versace\n- 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.\nQuick Hits\n- The actual rug from \"The Big Lebowski,\" the one that \"really tied the room together,\" is heading to auction (Robb Report).\n-...","thumbnail_url":"https://img.transistorcdn.com/1z6r8f5r5Nhr5bhZafuzDRKp6vb1jRw2SVyBQTEXHzQ/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8yZjBi/ZDI5ODQ1ZTAwOTg3/MzMyNTZmOTEwNTY2/NDFiYS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}