{"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":"Phillips Hits $75.8M Record Watch Sale with F.P. Journe for $13.9M; Christie's Design Tops $20M; Luxury Rallies on the Iran Deal","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/925c56d8\"></iframe>","width":"100%","height":180,"duration":345,"description":"June 15: Phillips Hits $75.8M Record Watch Sale with F.P. Journe for $13.9M; Christie's Design Tops $20M; Luxury Rallies on the Iran Deal\nA record-breaking weekend for watches, a $20M Christie's Design sale, the South Asian art market still smashing records, a question mark over luxury handbags, and luxury stocks ripping on a US–Iran deal.\nALT/FNDATA\n- Membership (PODCAST15 for 15% off): https://altfndata.com/go/ob-260615\n- Market reports: https://altfndata.com/go/ob-260615-r\n- Podcast episodes: https://altfndata.com/go/ob-260615-p\n\nWatches — A Record Weekend\n- Phillips held the highest-grossing watch auction in US history: $75.8M across two days, 100% sold by lot\n- An F.P. Journe Chronomètre à Résonance sold for $13.9M — the highest price ever for a watch by an independent watchmaker\n- Christie's Important Watches totaled $17.1M (99% sold by lot), led by the ultra-rare Patek Philippe \"Red Dot\" Ref. 3448G at $2.76M\nDesign\n- Christie's Design sale totaled $20.2M, 89% sold by lot, 140% of the low estimate\nSouth Asian Art\n- At Christie's London, the Goodricke (tea-company) collection was led by a £3.8M Ganesh Pyne, with new auction highs for Abanindranath Tagore and Kattingeri Krishna Hebbar — the latest South Asian sale to smash expectations\nComing to the Block\n- A class-winning 1954 Maserati A6GCS race car heads to Broad Arrow at Monterey Car Week (August), est. ~$3M\nThe Handbag Question\n- The WSJ asks whether the luxury handbag's heyday is ending, pointing to an $8B slide in sales — even as the trophy end of the market holds firm\nLuxury Business\n- A new fund backed by LVMH and pro athletes (Dak Prescott, Tyrese Haliburton) is putting ~$50M into the activewear label Rhoback — luxury capital moving into performance wear\n- Sources tell WWD that designer Bruno Sialelli (ex-Lanvin) has joined Balenciaga's studio, ahead of new creative director Pierpaolo Piccioli's debut\nMarkets — Luxury Rallies on the Iran News\n- US stock futures jumped after the US and Iran reached...","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}