Open Bid — Daily Morning Briefing on Stocks, Auctions, Luxury Market

June 4: Centre Pompidou Opens in Seoul; Ferrari 599XX Leads RM Sotheby's Tegernsee at EUR 2.5M

In this episode:

Centre Pompidou Seoul
- Centre Pompidou Hanwha opens today in Yeouido, Seoul's finance district
- 10,000 sqm across four floors inside the 63 Building, designed by Jean-Michel Wilmotte
- Former aquarium converted into a "box of light"
- Inaugural exhibition: "The Cubists: Inventing Modern Vision" — Picasso, Kandinsky, Matisse, Chagall
- Partnership with Hanwha Foundation (Hanwha conglomerate)
- Opens on the 140th anniversary of France-Korea diplomatic relations

RM Sotheby's Tegernsee — Consignment Announced (July 4)
- 2009 Ferrari 599XX Evo: EUR 2M–2.5M (headline lot)
- 2023 Ferrari 812 Competizione: EUR 1.25M–1.5M
- 2004 Porsche Carrera GT: EUR 1.2M–1.6M
- 1960 Porsche 356 B Carrera 1600 GS/GT Coupe by Reutter: EUR 470K–570K
- 1971 Mercedes-Benz 280 SE 3.5 Cabriolet: EUR 300K–400K
- 2006 Mercedes-Benz CLK DTM AMG Cabriolet

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

Equity Snapshot
- LVMH (MC.PA): EUR 477.10, day range 473–479.75
- BMW, Mercedes-Benz, Porsche: testing technical support levels
- Ferrari (RACE): 29.5% operating margin

Links:
- ALT/FNDATA: https://www.altfndata.com
- Centre Pompidou Hanwha: https://www.centrepompidou.fr/en/lieu/centre-pompidou-hanwha
- 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/

Also from ALT/FNDATA:
- Auto Market — Thursdays at 8 AM ET
- Closing Price — Mon-Fri at 5 PM ET

What is Open Bid — Daily Morning Briefing on Stocks, Auctions, Luxury Market?

Open Bid is your weekday morning briefing on the global auctions and marketplaces for luxury alternative assets. In under five minutes, host Sharon Obuobi delivers the key results, market data, and institutional developments across fine art, jewelry, watches, automobiles, and luxury goods — backed by proprietary data from ALT/FNDATA. Learn more about us at www.altfndata.com

OPEN BID — Thursday, June 4, 2026

[INTRO]

Good morning. It's Thursday, June the fourth. I'm Sharon, and this is Open Bid from ALT/FNDATA.

[CENTRE POMPIDOU SEOUL]

Centre Pompidou Hanwha opens today in Seoul with a 10,000 square meter museum inside the 63 Building in Yeouido, the city's finance district. French architect Jean-Michel Wilmotte converted a former aquarium into what the museum is calling a "box of light." The inaugural exhibition is "The Cubists:
Inventing Modern Vision," with works by Picasso, Kandinsky, Matisse, and Chagall from the Pompidou's Paris collection.

The museum is backed by the Hanwha Foundation, the philanthropic arm of the Hanwha conglomerate. It opens on the 140th anniversary of France-Korea diplomatic relations.

[RM SOTHEBY'S TEGERNSEE — AUCTION PREVIEW]

RM Sotheby's has announced its consignment for the Tegernsee auction on July 4th at Gut Kaltenbrunn in the Bavarian Alps, in partnership with the Concours of Elegance Germany.

The headline lot is a 2009 Ferrari 599XX Evo, estimated at 2 - 2.5 million EUR.

Also featured:
a 2023 Ferrari 812 Competizione at 1.25 - 1.5 million EUR,
a 2004 Porsche Carrera GT at 1.2 - 1.6 million EUR,
a 1960 Porsche 356 B Carrera 1600 GS/GT Coupe by Reutter at 470,000 - 570,000 EUR,
a 1971 Mercedes-Benz 280 SE 3.5 Cabriolet 300,000 - 400,000EUR,
and a 2006 Mercedes-Benz CLK DTM AMG Cabriolet.

The sale is heavy on German engineering and modern Ferrari which are two segments that have been diverging in the secondary market.

[WATCH AUCTION SEASON]

Five major watch auctions across three houses in seven days, all starting next week:
Sotheby's Magnificent Jewels on June 9th.
Christie's watches on June 10th.
Bonhams watches on June 11th.
Phillips watches on June 13th and 14th.
And Sotheby's watches on June 15th.
These are all in New York and London.

[EQUITY SNAPSHOT]

LVMH is at EUR 477 after a 25% three-month decline. BMW, Mercedes, and Porsche are all testing technical support levels. Ferrari remains the outlier in the auto sector, with a 29.5% operating margin.

[OUTRO]

That is Open Bid for Thursday, June the fourth. Auto Market is out at eight AM this morning — our inaugural episode, previewing the collector car auction calendar. And Closing Price returns at five PM Eastern.

I'm Sharon, from ALT/FNDATA. Subscribe for notifications on new episodes and thank you for listening.