{"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":"Christie's Magnificent Jewels Hits $49.7M; India Pulls Ahead in Asian Art Market; CPI up 4.2%","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/3be890e9\"></iframe>","width":"100%","height":180,"duration":392,"description":"June 10: Christie's Magnificent Jewels Hits $49.7M; India Pulls Ahead in Asian Art Market; CPI up 4.2%\nA $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.\nALT/FNDATA\n- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260610\n- Market reports: https://altfndata.com/go/ob-260610-r\n- Podcast episodes: https://altfndata.com/go/ob-260610-p\n\nJewelry — Auction Results\n- 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\n- Buyers: 58% Americas, 21% Asia-Pacific, 21% Europe\nComing to the Block\n- 1985 Lamborghini Countach (1 of 300 of the most powerful version): RM Sotheby's, August, est. ~$1.1M\n- 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\nArt Market — Asia Data Dive (Artnet)\n- Asia's fine-art auction market: $2.2B in 2025, down from a $5.4B peak in 2021\n- Average hammer price fell from $81,000 to $36,000; lot volume steady at ~61,000 works/year (a repricing, not a retreat)\n- 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\n- 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\nHigh Jewellery\n- Chanel names Marie-Laure Cérède (ex-Cartier and Harry Winston) to lead its jewellery design\nMarkets\n- May CPI: US consumer prices +4.2% year-on-year; core inflation (excludes food and energy) came in below forecasts\n- 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...","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}