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Good morning. It's Tuesday, June the second. I'm Sharon, and
this is Open Bid from ALT/FNDATA.
The art world is mourning Hilde Lynn Helphenstein, the American
artist and satirist known by her online alter ego Jerry Gogosian.
She has died at age 40 in Sao Paulo, according to local media
reports. Helphenstein had come to prominence through her memes
and critiques of the contemporary art world, building one of the
largest followings in the art space on social media.
In institutional appointments, Dawn Airey has been announced as
the new chair of Arts Council England. The television veteran
replaces Nicholas Serota, known for his decades-long directorship
of Tate, on August 1st for a four-year term.
Crystal Bridges Museum of American Art in Arkansas has completed
a major expansion, adding 50% more space for its collection and
programming.
Centre Pompidou Hanwha opens in downtown Seoul on June the
fourth — two days from now.
And a new art fair focused on community and accessibility is
launching in Philadelphia. Elsewhere is bringing 26 exhibitors
to the Yowie Hotel on South Street for its inaugural edition.
A few highlights from yesterday's Closing Price. LVMH, which
owns Christie's, is trading at EUR 473 — down 26% year to date
and near its 52-week low — even as Christie's posted a $1.1
billion evening session during the spring sales. Richemont
reported FY2026 sales of EUR 22.4 billion, up 11%, with its
jewelry maisons at a 30.5% operating margin. Ferrari reported Q1 revenue of EUR 1.85 billion, up 3%
year over year. And Burberry
delayed its net zero target by a decade, from 2040 to 2050.
Bank of America's spring 2026 art market report notes that global
sale totals at Christie's, Sotheby's, and Phillips reached $4.55
billion in 2025, up 11.1% from 2024 — the first growth year since
2022. 53% of lots sold above their pre-sale estimates in 2025,
compared to 48% in 2024.
Early 2026 results are continuing that momentum, including the
$1.8 billion New York May season we covered yesterday.
This week: Centre Pompidou Seoul opens Wednesday. RM Sotheby's
Bavaria on Thursday and Friday. Sotheby's Magnificent Jewels on
June 9th, led by a 73.11-carat Fancy Vivid Yellow diamond by
Glenn Spiro.
That is Open Bid for Tuesday, June the second.
I'm Sharon, from ALT/FNDATA. See you tomorrow morning.
