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Geneva Watch Days opens 2 September in its decentralised format, with around 70 brands across the city, and it arrives with the US tariff on Swiss imports at 15% rather than 39%.
AI wealth is lifting private jet and yacht sales, and it arrives asking for the opposite of what the industry learned to sell. Champagne on crisp linen has gone out of the window, replaced by specific water and efficiency.
Luxury collectibles are now the second-largest revenue stream at Christie’s and Sotheby’s. The houses are not selling watches for the margin, they are buying a client relationship at twenty-five to consign a painting at fifty.
Pernod Ricard fell 4.4% organically across nine months with the US down 14% and China down 24%, while LVMH’s wines and spirits grew 5%. Same categories, same consumers, opposite results.
The Danieli reopens in August with 120 keys across three palaces and interiors by Pierre-Yves Rochon. The interesting part is not the restoration but the branding decision behind it.
Historic competition cars carry estimates above USD 25 and 35 million while a 2024 Chiron Super Sport is offered below its USD 3.75 million delivery price. The collector market is separating irreplaceable provenance from limited production.
Solairus is acquiring Clay Lacy’s charter and management units, creating a fleet of more than 500 jets. The FBOs and maintenance businesses are excluded, and that exclusion is the most revealing detail in the deal.
LVMH sold Patou on 31 July to Dilesh Mehta’s Nirvana Investments. Revenue tripled since 2021 to EUR 13.76 million, alongside roughly EUR 23.94 million of cumulative losses. The tolerance for loss-making houses has been withdrawn.
Combined auction sales at Christie’s, Sotheby’s and Phillips reached USD 6.77 billion in the first half, up nearly 70%. But close to a third came from single-owner collections and lot counts remain below the peak.
A consultant sells judgement and leaves. An agency sells capacity and stays. Most companies buy the wrong one because they misdiagnose whether they need a decision or an execution.
