{"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":"Gold & Oil Sell Off; $17.4M Diamond Sold at Auction; New Creative Directors at Moschino","html":"","width":"100%","height":180,"duration":357,"description":"June 22: Gold & Oil Sell Off; $17.4M Diamond Sold at Auction; New Creative Directors at Moschino\nSafe havens sell off as US and Iran peace talks progress, with gold and oil falling and the dollar near a one-year high, a single coloured diamond tops our entire auction database at 17.4 million dollars, and there's a changing of leadership at Moschino.\nALT/FNDATA\n- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260622\n- Market reports: https://altfndata.com/go/ob-260622-r\n- Podcast episodes: https://altfndata.com/go/ob-260622-p\n\nMarkets: A Peace-Deal Unwind\n- Talks between the US and Iran showed real progress over the weekend, easing fears of a wider conflict and sending safe-haven assets lower. Gold fell about 2 percent this morning to around 4,228 dollars an ounce, and silver dropped close to 5 percent.\n- Oil slipped too, with US crude back near 75 dollars a barrel, as Iran resumed shipping more crude through the Strait of Hormuz. The dollar held firm near a one-year high.\n- US markets reopen today after Friday's Juneteenth holiday; Asian shares rose overnight. European luxury opened mixed: LVMH 500.40 euros (up about 0.2 percent from Friday's 499.25), Hermès flat at 1,722.50 euros, Richemont 183.10 Swiss francs (down about 0.3 percent), Kering 271.70 euros (down about 0.1 percent), Burberry 1,131 pence (down about 1.4 percent), and Brunello Cucinelli the weakest at 84.46 euros (down nearly 4 percent). The watch names were the bright spot: Watches of Switzerland 731.5 pence (up about 1.1 percent) and Swatch Group 210 Swiss francs (down about 0.3 percent).\nLuxury Business: A New Duo at Moschino\n- Creative director Adrian Appiolaza stepped down on Friday after two years, a mutual decision amid financial troubles at owner Aeffe. Moschino has hired the founders of Milan label Sunnei, Simone Rizzo and Loris Messina, to take over (Business of Fashion, Reuters).\n- Loewe named a new global communications director, Eloise Hautcoeur, who joins from Versace...","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}