{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Closing Price — Luxury Equities & Alternative Asset Signals","title":"European Luxury Sells Off; Hermès Falls 6% and LVMH 3.6%; Auction Demand Holds at the Highs","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/26fee0a4\"></iframe>","width":"100%","height":180,"duration":468,"description":"June 22: European Luxury Sells Off; Hermès Falls 6% and LVMH 3.6%; Auction Demand Holds at the Highs\nToday's signal: a sharp divergence. The broad US market rallied on progress in the US and Iran peace talks, but the listed luxury names fell hard, with Hermès down almost 6 percent and LVMH off more than 3 percent. The driver was macro, a dollar at a one-year high and higher yields, not demand. Underneath those brands, our auction data still shows top-end demand at its highs.\nALT/FNDATA\n- Book a Data Sandbox demo: https://altfndata.com/go/cp-260622\n- Market reports: https://altfndata.com/go/cp-260622-r\n- Podcast episodes: https://altfndata.com/go/cp-260622-p\nThe signal:\n- European luxury equities sold off even as risk assets rose, a rate-and-currency move rather than a demand move. The more accessible US-listed names (Tapestry, Movado) rose, consistent with a rotation read.\n- Our secondary-market data runs the other way: the single biggest auction result in our database over the past 90 days is a 17.4 million dollar coloured diamond at Christie's, and the most recent watch cycle set fresh records (a 75.8 million dollar Phillips sale, the highest-grossing watch auction in US history).\n- The testable question: does resale demand lead the listed cycle, or lag it? Resale prices are what end-buyers actually pay, so they can reveal pricing power before it reaches the income statement.\nThe board (today's close):\n- European luxury: Hermès 1,620.00 euros (down 5.9 percent), LVMH 481.35 euros (down 3.6 percent), Burberry 1,102.5 pence (down 3.9 percent), Kering 266.10 euros (down 2.2 percent), Brunello Cucinelli 81.84 euros (down 6.8 percent), Richemont 182.30 Swiss francs (down 0.7 percent), Swatch 208.30 Swiss francs (down 1.1 percent), Watches of Switzerland 720.0 pence (down 0.5 percent), Pandora 639.80 Danish kroner (down 2.4 percent).\n- US-listed: Tapestry 149.20 dollars (up 2.3 percent), Movado 39.25 dollars (up 5.4 percent), Signet 86.73 dollars (up 0.3 percent),...","thumbnail_url":"https://img.transistorcdn.com/-hOE2p7i6o042-uL_U7DDqKjx_Az8ErebwSEdvS9Gfo/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jMTc5/NmRjNzQ2MTE0NmFl/YWY4OTQyODMxMTlh/ZGNiYy5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}