June 2: Jerry Gogosian Dies at 40; Dawn Airey Named Arts Council England Chair
In this episode:

Art World
- Hilde Lynn Helphenstein, known as Jerry Gogosian, has died at age 40 in Sao Paulo
- Dawn Airey announced as new chair of Arts Council England, replacing Nicholas Serota on August 1st

Institutional
- Crystal Bridges Museum of American Art completes major expansion, adding 50% more space
- Centre Pompidou Hanwha opens in Seoul on June 4th
- Elsewhere art fair launches in Philadelphia with 26 exhibitors at the Yowie Hotel

Market Recap (from yesterday's Closing Price)
- LVMH (MC.PA): EUR 473, down 26% YTD, near 52-week low
- Christie's spring evening session: $1.1B
- Richemont (CFR.SW): FY2026 sales EUR 22.4B, up 11%; jewelry maisons at 30.5% margin
- Ferrari (RACE): Q1 revenue EUR 1.85B
- Burberry (BRBY.L): net zero target delayed from 2040 to 2050

Market Context
- BofA spring 2026 report: global sales at Christie's, Sotheby's, Phillips reached $4.55B in 2025, up 11.1% from 2024
- 53% of lots sold above pre-sale estimates in 2025 vs 48% in 2024

Week Ahead
- Centre Pompidou Seoul — June 4
- RM Sotheby's Bavaria — June 5-6
- Sotheby's Magnificent Jewels, New York — June 9 (73.11-carat Fancy Vivid Yellow diamond by Glenn Spiro)

Links:
- ALT/FNDATA: https://www.altfndata.com
- Hilde Lynn Helphenstein: https://www.theartnewspaper.com/2026/06/02/artist-and-satirist-hilde-lynn-helphenstein-has-died-at-age-40-in-sao-paulo-local-media-reports
- Dawn Airey, Arts Council England: https://www.theartnewspaper.com/2026/06/02/dawn-airey-announced-new-chair-arts-council-england
- Crystal Bridges expansion: https://www.theartnewspaper.com/2026/06/01/crystal-bridges-opens-expansion-art-bridges-wellness-programme
- BofA Art Market Report: https://www.pbig.ml.com/articles/art-market-spring-update.html

Also from ALT/FNDATA:
- Art Market — Tuesdays at 8 AM ET
- Closing Price — Mon-Fri at 5 PM ET