{"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":"A Global Tech Selloff Halts Korea; a £5,588 Elizabeth I Jewel Could Fetch 20 Times That; Eric Clapton's 275 GTB Ferrari at $4M","html":"","width":"100%","height":180,"duration":331,"description":"June 23: A Global Tech Selloff Halts Korea; a £5,588 Elizabeth I Jewel Could Fetch 20 Times That; Eric Clapton's 275 GTB Ferrari at $4M\nToday: a technology-led selloff drags markets lower and briefly halts trading in South Korea, European luxury slides for a second day, a rediscovered Queen Elizabeth the First pendant bought for around 5,000 pounds heads to auction at more than 20 times that, and Eric Clapton's 1966 Ferrari comes to market at nearly 4 million dollars.\nALT/FNDATA\n- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260623\n- Market reports: https://altfndata.com/go/ob-260623-r\n- Podcast episodes: https://altfndata.com/go/ob-260623-p\n\nMarkets: A Risk-Off Reversal\n- Monday's peace-deal rally flipped to a broad, tech-led selloff. South Korean stocks tumbled 10 percent from a record, triggering a circuit breaker that briefly halted trading; the wider Asian tech rally cooled. Aluminum and other metals fell, and gold lost ground as Deutsche Bank followed Goldman Sachs in cutting its forecast.\n- Israeli assets dropped sharply, unwinding a years-long wartime rally as the peace process eased the conflict premium.\n- European luxury opened lower for a second day: Hermès 1,590.50 euros (down 1.8 percent, after almost 6 percent Monday), Burberry down 3.9 percent, Brunello Cucinelli down 3.9 percent, LVMH and Kering modestly lower, and watch retailer Watches of Switzerland down about 5.5 percent (a reversal after leading the group higher yesterday).\nAt Auction: A Queen and a Ferrari\n- A sleeper: an amber pendant carved with a portrait of Queen Elizabeth the First, bought for just 5,588 pounds at an Edinburgh auction last November, has been authenticated as a rare Renaissance jewel. Sotheby's will offer it in London on July 1 with an estimate of 100,000 to 150,000 pounds, more than 20 times the purchase price. The portrait follows a 1592 engraving; the carving is attributed to a German amber master in Königsberg.\n- Eric Clapton's former 1966 Ferrari...","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}