{"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":"Bain Trims Its Luxury Forecast to 2-4%, but the Top Keeps Booming; London's Art Season Roars Back; the Rise of \"Inheritourism\"","html":"","width":"100%","height":180,"duration":302,"description":"June 26: Bain Trims Its Luxury Forecast to 2-4%, but the Top Keeps Booming; London's Art Season Roars Back; the Rise of \"Inheritourism\"\nBain trims its 2026 luxury forecast after a rough first half, but the very top of the market keeps setting records; London's art season roars back with a second big collection sale in a week; luxury money shifts toward experiences and \"inheritourism\"; and new arrivals from Rolex and Porsche.\nALT/FNDATA\n- Membership: (Use PODCAST15 for 15% off) https://altfndata.com/go/ob-260626\n- Market reports: https://altfndata.com/go/ob-260626-r\n- Podcast episodes: https://altfndata.com/go/ob-260626-p\nBain's Forecast, and a Market Split\n- Bain & Company and Altagamma trimmed their outlook: personal luxury goods are now seen growing just 2 to 4 percent in 2026, after a punishing first half (Middle East conflict and oil spikes, US inflation at multi-year highs, record-low consumer confidence, the ECB's first rate hike since 2023).\n- The split we keep flagging: Bain's caution is about the broad market, the entry-level bag and the aspirational shopper. The very top is another story. This week a single Modigliani sold for $63.9M in London, and in our data the year's top results (a $25.6M jade necklace, eight-figure Ferraris and watches) keep climbing.\nLondon's Art Season Roars Back\n- After the record Lewis Collection sale, Christie's quietly sold around 100 works from the Zabludowicz collection for some $20M. Two major single-owner collections to market in one week, both finding buyers, signals confidence has returned to the top of the art trade.\nExperiences Over Things, and \"Inheritourism\"\n- CNBC reports luxury money is flowing to experiences over goods: experiences (travel, events, dining) are set to grow 3 to 7 percent versus low-single-digit growth for goods, with cruises drawing first-timers. The trend it calls \"inheritourism\" is wealthy families traveling together, as a younger, inheriting generation takes on its parents' taste for travel...","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}