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Monterey 2026 closed at a record USD 758.3 million, up 75% on last year. But sell-through was flat at 75%: the same proportion of cars sold, at much higher prices. A supply story wearing a demand headline.
The Kering Group reported another challenging quarter as sales at Gucci dropped by 14 percent in the third quarter of 2025 . .
In a rare moment of turbulence for an industry long synonymous with stability and prestige, Swiss luxury watch exports plunged by 17 percent in August, revealing the mounting pressures of global trade tensions and weakened Chinese demand. For collectors and connoisseurs within the One Percent, this signals both caution and opportunity.
