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Your evening read on the luxury and collectibles markets, by the numbers. Tonight: a sharp selloff in gold, a mixed close for the luxury names, Ferrari the day's weakest as its first electric car stumbles in China, and a $3.1 billion bid for Hugo Boss.
(Prices: Yahoo Finance v8, fetched ~4:48 PM ET, June 10, 2026; prior = June 9 close.)
Good evening. It's Wednesday, June 10. I'm Sharon, and this is Closing Price from ALT/FNDATA.
Tonight: gold fell nearly 4%, the luxury names were mixed, Ferrari was the weakest of them as its first electric car stumbled in China, and Frasers bid 3.1 billion dollars for Hugo Boss.
The major luxury names were mixed today. In Paris, LVMH, ticker MC on Euronext Paris, closed at 488 EUR, down about 0.9% from Tuesday's 492. Kering, ticker KER, closed at 256 EUR, up about 0.3%. Hermès, ticker RMS, closed at 1,636 EUR, down about 1.8%.
In Zurich, Richemont, ticker CFR, closed at 169 Swiss francs, up about 0.8%, and Swatch, ticker UHR, closed at 200 Swiss francs, down about 0.8%.
In London, Watches of Switzerland, ticker WOSG, closed at 701 pence, up about 1%, and Burberry, ticker BRBY, closed at 1,117 pence, up about 0.4%.
The biggest move on our board was in metals. Gold closed at about 4,100 dollars an ounce, down about 3.8% from Tuesday's 4,260. Silver closed at about 64 dollars, down about 2.1%. The selloff came as US inflation data landed and as tensions in the Middle East stayed in focus.
In New York, Ferrari, ticker RACE, was the weakest luxury name on our board, closing at 347 dollars, down about 3.1%. Seeking Alpha reported that Ferrari's first all-electric vehicle has had a slow start in China. Two other New York names also fell: Zegna, ticker ZGN, closed at 14.40 dollars, down about 2.6%, and Signet, ticker SIG, closed at 86 dollars, down about 1%.
In deals, Frasers Group, ticker FRAS in London, has offered to buy Hugo Boss in a deal valued at about 3.1 billion dollars. Frasers, controlled by Mike Ashley, already owns roughly 26% of the German fashion house. Frasers closed at 771 pence, up about 4%. Hugo Boss, ticker BOSS in Frankfurt, closed at about 36 EUR, up about half a percent.
On the broad tape, Reuters reported that US consumer prices rose at their fastest rate in three years in May, up 4.2% from a year earlier, though the figure met market expectations. Wall Street fell, led by losses in large technology stocks, with Middle East tensions adding pressure. Oil rose after President Trump said the US would carry out further strikes on Iran.
- LVMH (MC.PA): EUR 487.65 close / 492.30 prior (-0.9%)
- Kering (KER.PA): EUR 256.00 / 255.20 (+0.3%)
- Hermès (RMS.PA): EUR 1635.50 / 1665.50 (-1.8%)
- Richemont (CFR.SW): CHF 169.05 / 167.75 (+0.8%)
- Swatch (UHR.SW): CHF 199.55 / 201.20 (-0.8%)
- Watches of Switzerland (WOSG.L): 701.0p / 694.0p (+1.0%)
- Burberry (BRBY.L): 1117.0p / 1112.5p (+0.4%)
- Zegna (ZGN): USD 14.40 / 14.78 (-2.6%)
- Ferrari (RACE): USD 346.56 / 357.52 (-3.1%)
- Signet (SIG): USD 85.92 / 86.75 (-1.0%)
- Hugo Boss (BOSS.DE): EUR 36.46 / 36.26 (+0.6%)
- Frasers (FRAS.L): 771.0p / 741.0p (+4.1%)
- Gold (GC=F): USD 4100.00 / 4260.00 (-3.8%)
- Silver (SI=F): USD 63.72 / 65.09 (-2.1%)
(Fetched ~20:48 UTC / ~4:48 PM ET, 2026-06-10, Yahoo Finance v8; all US and European closes final; prior = Tuesday June 9 close.)
The watch and auction calendar is busy. Tomorrow, June 11, is Bonhams London Fine Watches. On Friday, June 12, Christie's holds Important Watches in New York, Christie's opens its Paris Hermès handbag sale online, and Sotheby's runs its Gem Drop. On Saturday, June 13, Bonhams sells about 100 cars from the National Automobile Museum in Reno, and Phillips holds its New York Watch Auction. Sotheby's Important Watches follows on the 15th.
That is Closing Price for Wednesday, June 10. Tickers covered: MC.PA, KER.PA, RMS.PA, CFR.SW, UHR.SW, WOSG.L, BRBY.L, ZGN, RACE, SIG, BOSS.DE, FRAS.L.
I'm Sharon, from ALT/FNDATA. Open Bid returns tomorrow morning at 6 AM Eastern.
