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LVMH at 52-Week Low as Christie's Posts $1.1B Night

Published on
June 1, 2026
Closing Price
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Closing Price

Closing Price

Daily · Weekday evenings • Episode 1

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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

INTRO

Good evening. It's Monday, June the first. I'm Sharon, and this

This episode of Closing Price is brought to you by ALT/FNDATA, the market intelligence platform for insights on the luxury markets and related public equities. With our data sandbox, you can work directly with the dashboards and datasets behind today's signals to keep your finger on the pulse of the market and drive your competitive advantage. Book a demo at altfndata.com/book.

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 — MC.PA

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 — CFR.SW

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 — RACE

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 — BRBY.L

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.

WEEK AHEAD

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.

OUTRO

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

For the data behind today's signals, the ALT/FNDATA data sandbox gives you hands-on access to our market dashboards and proprietary datasets, so you can test the divergence yourself. Book a demo at altfndata.com/book, or reach us anytime at info@altfndata.com.

Eastern for Open Bid.

In this episode show notes

LVMH (MC.PA — Euronext Paris)

  • Stock: EUR 473, down 26% YTD
  • 52-week range: EUR 436.55 – EUR 654.70
  • Q1 revenue: EUR 19.1B, down 6% YoY
  • Christie's spring evening session: $1.1B
  • Top lot: Jackson Pollock "Number 7A, 1948" at $181M

Richemont (CFR.SW — Swiss Exchange)

  • FY2026 sales: EUR 22.4B, up 11% at constant rates
  • Net profit: EUR 3.5B, up 27%
  • Jewelry maisons (Cartier, Van Cleef, Vhernier): EUR 16.5B at 30.5% margin
  • Watchmakers: EUR 3.1B, down 4%
  • Shares reached record high CHF 161.80
  • Sotheby's High Jewelry: $31.4M, 95% sell-through
  • June 9: 73.11-carat Fancy Vivid Yellow diamond by Glenn Spiro

Ferrari (RACE — NYSE)

  • Q1 revenue: EUR 1.85B, up 3%
  • Deliveries: 3,436 units, down 4.4% (deliberate slowdown)
  • FY2026 guidance: ~EUR 7.5B reaffirmed
  • Bonhams The Market: 2009 Ferrari California ~$34,000

Burberry (BRBY.L — LSE)

  • FY2026 adj. operating profit: GBP 160M (prior year: GBP 26M)
  • Americas and China: +10%
  • Stock dropped ~7% on results day (Europe/Middle East weak)
  • Net zero target delayed from 2040 to 2050
  • BRBY up 17% over 12 months

Week ahead:

  • Zegna (ZGN) runway show in Los Angeles, Friday
  • RM Sotheby's boutique auction, Bavaria, Thursday-Friday
  • Sotheby's Magnificent Jewels, New York, June 9
Also from ALT/FNDATA: Open Bid — Mon-Fri at 6 AM ET: Your daily briefing on global auctions and luxury alternative assets • All episodesListen on all platforms

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