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Four publicly traded luxury houses and what the $1.8 billion spring auction season means for their stock. Tickers covered: MC.PA | CFR.SW | RACE | BRBY.L | ZGN
Good evening. It's Monday, June the first. I'm Sharon, and this
is Closing Price from ALT/FNDATA — connecting public equity
markets to auction data.
Tonight: four publicly traded luxury houses and what the spring
auction season means for their stock.
LVMH, ticker MC on Euronext Paris, closed today at EUR 473.
The stock is down 26% year to date. Q1 revenue: EUR 19.1
billion, down 6% year over year.
Meanwhile, LVMH's auction house Christie's posted a $1.1
billion evening session during the May spring sales. The top
lot: Jackson Pollock's "Number 7A, 1948" at $181 million.
The combined spring season across Christie's, Sotheby's, and
Phillips totaled $1.8 billion. Christie's sits inside LVMH's
"Other activities" segment alongside hospitality and media.
LVMH's 52-week range: EUR 436.55 to EUR 654.70. The stock is
currently trading near its 52-week low.
Richemont, ticker CFR on the Swiss Exchange, reported fiscal
year 2026 results on May 22nd. Sales: EUR 22.4 billion, up 11%
at constant rates. Net profit: EUR 3.5 billion, up 27%.
The jewelry maisons — Cartier, Van Cleef and Arpels, Vhernier
— generated EUR 16.5 billion in sales at a 30.5% operating
margin. Nearly 80% of that is now direct to client.
The watchmakers posted EUR 3.1 billion, down 4%.
In the auction market, Sotheby's High Jewelry sale in New York
achieved $31.4 million with a 95% sell-through rate. The
upcoming June 9th Magnificent Jewels sale is led by a 73.11-
carat Fancy Vivid Yellow diamond ring by Glenn Spiro.
Richemont shares recently reached a record high of CHF 161.80.
Ferrari, ticker RACE on the NYSE, reported Q1 earnings on May
5th. Net revenues: EUR 1.85 billion, up 3%. Deliveries: 3,436
units, down 4.4% — a deliberate production slowdown ahead of
new model transitions. Full-year 2026 guidance reaffirmed at
approximately EUR 7.5 billion in revenue.
On The Market by Bonhams this week, a 2009 Ferrari California
cleared at roughly $34,000. A 2018 Jaguar F-Type sold at just
under $20,000. A 1991 Porsche 944 Turbo at around $8,000.
Burberry, ticker BRBY on the London Stock Exchange. Fiscal
2026 adjusted operating profit: GBP 160 million, up from GBP
26 million the prior year. Americas and China both grew 10%.
The stock dropped nearly 7% on results day on weakness in
Europe and the Middle East.
Separately, Burberry delayed its net zero emissions target by
a decade — from 2040 to 2050.
BRBY is up 17% over twelve months.
Zegna, ticker ZGN on the NYSE, stages a major runway show in
Los Angeles this Friday. RM Sotheby's holds a boutique auction
in Bavaria on Thursday and Friday featuring rare German sports
cars. Sotheby's Magnificent Jewels is June 9th in New York.
That is Closing Price for Monday, June the first. Tickers
covered tonight: MC.PA, CFR.SW, RACE, BRBY.L, ZGN.
I'm Sharon, from ALT/FNDATA. Join me tomorrow morning at six AM
Eastern for Open Bid.
