Closing Price — Daily Evening Equity Analysis on Luxury Market

June 4: Five Watch Auctions in Seven Days; Ferrari 599XX Leads Tegernsee at EUR 2.5M
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Tonight: auto sector equities, Centre Pompidou Seoul opens, and a packed watch auction calendar ahead.
Tickers covered: MC.PA | CFR.SW | UHR.SW | RACE | WOSG.L

In this episode:

Auto Sector Equities
- BMW, Mercedes-Benz, and Porsche testing technical support levels
- Ferrari (RACE): 29.5% operating margin in 2025, up from 28.3% prior year, on revenue of EUR 7.1B

RM Sotheby's Tegernsee Consignment (July 4)
- 2009 Ferrari 599XX Evo: EUR 2M–2.5M (headline lot)
- 2004 Porsche Carrera GT: EUR 1.2M–1.6M

Centre Pompidou Seoul
- Centre Pompidou Hanwha opened today in Yeouido, Seoul
- 10,000 sqm, designed by Jean-Michel Wilmotte
- Inaugural exhibition: "The Cubists: Inventing Modern Vision" — Picasso, Kandinsky, Matisse, Chagall
- Partnership with Hanwha Foundation (Hanwha Group, publicly traded on Korea Exchange)

Watch Auction Season — June 9-15
- Sotheby's Magnificent Jewels — June 9, New York
- Christie's watches — June 10, New York
- Bonhams watches — June 11, London
- Phillips watches — June 13-14, New York
- Sotheby's watches — June 15, New York
- Swiss watch exports to US fell 17% YoY in April

Sector Snapshot at Close
- LVMH (MC.PA): EUR 477.10, day range 473–479.75
- Richemont (CFR.SW): ~CHF 161.80, near record high
- Swatch (UHR.SW): ~CHF 215
- Ferrari (RACE): 29.5% operating margin, FY25 revenue EUR 7.1B
- Watches of Switzerland (WOSG.L): holding 14% gain from earlier this week

Links:
- ALT/FNDATA: https://www.altfndata.com
- RM Sotheby's Tegernsee lots: https://rmsothebys.com/auctions/tc26/lots/
- Ferrari 599XX consignment: https://www.magnetomagazine.com/articles/ferrari-599xx-leads-rm-sothebys-coe-germany-supporting-2026-tegernsee-sale/
- Centre Pompidou Hanwha: https://www.centrepompidou.fr/en/lieu/centre-pompidou-hanwha

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET
- Auto Market — Thursdays at 8 AM ET
- Luxury Spending — Wednesdays at 8 AM ET

What is Closing Price — Daily Evening Equity Analysis on Luxury Market?

Closing Price is your end-of-day briefing connecting public equity markets to the global auction and luxury alternative asset markets. Three times a week, host Sharon Obuobi tracks the publicly traded companies behind the world's leading auction houses, luxury brands, and collector markets — with proprietary data from ALT/FNDATA.

Learn more about us at www.altfndata.com

CLOSING PRICE — Thursday, June 4, 2026
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[INTRO]

Good evening. It's Thursday, June the fourth. I'm Sharon, and this is Closing Price from ALT/FNDATA.

Tonight, the auto sector equities are under pressure, Centre Pompidou Seoul opens, and there’s a packed watch auction calendar ahead.

[AUTO SECTOR EQUITIES]

Luxury auto stocks are under pressure. BMW, Mercedes-Benz, and Porsche have all broken through or are testing technical support levels. LVMH is down 25% over the past three months.

Ferrari is the exception. The company posted a 29.5% operating margin in 2025, up from 28.3% the year prior, on revenue of EUR 7.1 billion.

RM Sotheby's has announced the consignment for its Tegernsee auction on July 4th. The headline lot is a Ferrari 599XX Evo at EUR 2 million to EUR 2.5 million. A Porsche Carrera GT is estimated at EUR 1.2 million to EUR 1.6 million. The results will provide a real-time read on collector demand for the same marques whose parent companies are under equity pressure.

[CENTRE POMPIDOU SEOUL]

Centre Pompidou Hanwha opened today in Seoul. The 10,000 square meter museum inside the 63 Building in Yeouido is a partnership with the Hanwha Foundation. The inaugural exhibition features Picasso, Kandinsky, Matisse, and Chagall.

For Hanwha Group — a publicly traded conglomerate on the Korea Exchange — this is a brand investment. Cultural institutions attached to conglomerates are increasingly common in Asia, and they influence perception of the parent company among high-net-worth clients and investors.

[WATCH AUCTION CALENDAR]

A dense stretch of watch auctions begins next week:
- Sotheby's Magnificent Jewels — June 9, New York
- Christie's watches — June 10, New York
- Bonhams watches — June 11, London
- Phillips watches — June 13-14, New York
- Sotheby's watches — June 15, New York

Five sales across three houses in seven days. The results will set the tone for the secondary watch market heading into summer. Swiss watch exports to the US fell 17% in April — these auctions will tell us whether the secondary market is absorbing what primary retail is not.

Richemont (CFR.SW) remains near its record high at CHF 161.80. Swatch (UHR.SW) is at CHF 215. Watches of Switzerland (WOSG.L) is holding its 14% gain from earlier this week.

[OUTRO]

That is Closing Price for Thursday, June the fourth. Tickers covered: MC.PA, CFR.SW, UHR.SW, RACE.

I'm Sharon, from ALT/FNDATA. Open Bid returns tomorrow morning at six AM Eastern.