{"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":"Saks Turns the Page on Bankruptcy as Exemplar Luxury Group; Prime Day Hits $26.4B but Inflation Tells the Real Story; the Last Affordable Ferrari","html":"","width":"100%","height":180,"duration":350,"description":"June 30: Saks Turns the Page on Bankruptcy as Exemplar Luxury Group; Prime Day Hits $26.4B but Inflation Tells the Real Story; the Last Affordable Ferrari\nToday: Saks Global exits bankruptcy and rebrands as Exemplar Luxury Group; a record Prime Day turns out to be more an inflation story than a demand story; where the bargains still hide in the Ferrari market; plus the European open and a look ahead to Art Market.\nALT/FNDATA\n- Membership (Use PODCAST15 for 15% on your first year): https://altfndata.com/go/ob-260630\n- Market reports: https://altfndata.com/go/ob-260630-r\n- Podcast episodes: https://altfndata.com/go/ob-260630-p\nSaks Turns the Page\n- Saks Global, the owner of Saks Fifth Avenue, has formally exited bankruptcy and rebranded as Exemplar Luxury Group. CEO Geoffroy van Raemdonck says the new identity marks a new chapter and a higher standard with brands, customers and staff.\n- The takeaway: even with the top of the market thriving, the business of selling luxury, the department stores and multi-brand retailers, has had a hard decade. The brands are strong; the middlemen are under pressure.\nAnd the Top Keeps Printing\n- Christie's closed its Paris luxury season with a jewelry sale that totaled 10.5 million euros, double its presale estimate. The houses that sell luxury are under pressure, while the objects themselves have rarely been worth more.\nA Record Prime Day, and What It Really Means\n- Amazon's Prime Day drove a record 26.4 billion dollars over four days, up 9 percent, by Adobe Analytics' estimate (Amazon doesn't release its own figures). But Adobe attributes much of the growth to inflation, not to people buying more.\n- The same split we keep tracking: real, record demand at the very top; bigger everyday numbers that are as much about higher prices as healthy appetite.\nThe Accessible End of Collecting\n- In a market where trophy Ferraris trade for eight figures, Robb Report argues one Ferrari is still within reach: the Mondial, roughly 40,000 to 80,000...","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}