Sotheby’s2019 Geneva online watch auction ended on February 25. The top 15 most expensive lots sold include two items each from high-end Swiss manufacturers Patek Philippe, Vacheron Constantin, and Rolex. The two Patek Philippe items – a watch and a set of gold lighters – claimed the top two spots, each selling for around $US32,500. Sotheby’s most recent watch auction ended after five days of online bidding for its Switzerland sector. As Mikael Wallhagen, head of Sotheby’s watches department in Geneva, told Business Insider in an email, “We’re very pleased with the results of the auction, which saw every lot in the Top Ten sell above pre-sale estimates, and 86% of lots sold overall.” Sotheby’s online watch auctions include 16th to 21st century timepieces alongside other accessories. Similar to other luxury broker sites, Sotheby’s offers watch auctions in various locations, including auctions in Dubai, New York, and … [Read more...] about The 15 most expensive watches and accessories sold in Sotheby’s Geneva auction, ranked
After creating limited-edition watches with Omega, Zenith, and TAG Heuer, among others,Hodinkee has partnered with IWC Schaffhausen. Hodinkee and IWC have updated a classic pilot’s watch. The piece will be produced in 500 examples and sell for $US6,400. Over the past few years, Hodinkee has racked up some impressive limited-edition collaborations with major watchmakers. My personal favourites have been two affordable watches with Swatch, but the website and e-commerce outfit has also worked with names such as Zenith, Omega, Laurent Ferrier, and TAG Heuer.The most recent partnership was with French luxury brand Hermès, and it was extremely cool (I finally got to check out the watch in person, and I was blown away by its class and beauty). But Hodinkee, based in New York and founded by vintage-watch authority Ben Clymer a decade ago, isn’t slowing down. And its latest collaboration could be one of its most accessible. Read more:Hodinkee’s latest … [Read more...] about Hodinkee’s latest collaboration with a major watchmaker could be its most appealing
Audemars Piguet Tourbillon Minute Repeater Chronograph "Always considered the No. 2 brand after Patek Philippe—though that is debatable. Like Patek, the company is still family-owned and has stayed independent. With a minute repeater, tourbillon, and a chronograph, this timepiece combines three complications rarely found within the same case." Estimated Price: USD 465,000 (in platinum) Ulysse Nardin Sonata Minute Repeater "Forget about residual values and company heritage for now Branding-wise, Ulysse Nardin has lost its way in the past few years. Fortunately, the company played its minute repeater band just the same. Ulysse Nardin produces the most interesting line of minute repeaters found today, using gongs that sound like musical boxes in a wristwatch!" Estimated price: USD 55,000 (in rose gold) Jaeger-LeCoultre Master Minute Repeater "This grand complication watch has a 15-day power reserve, a barrel torque indicator, and … [Read more...] about It’s not a Patek, but will it do?
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: World Economic Forum Begins With a Warning DealBook Supported by Jan. 22, 2019 Good Tuesday morning. (Was this email forwarded to you? Sign up here .) A bleak message reverberates in Davos An influential financier warned investors in a letter to pay heed to growing risks and social tensions — and the message is already resonating at the annual meeting of the World Economic Forum in Davos, Switzerland, Andrew writes in his column. In his annual letter, Seth A. Klarman, the billionaire investor who runs the Baupost Group hedge fund, warns that social and political division risks economic calamity: “It can’t be business as usual amid constant protests, riots, shutdowns and escalating social tensions.” His message is likely to encourage hand-wringing of a sort usually … [Read more...] about DealBook Briefing: World Economic Forum Begins With a Warning
By Silke Koltrowitz and Sarah White GENEVA (Reuters) - Swiss watchmakers Audemars Piguet and Richard Mille are snapping up stakes in their franchised shops, seeking to tighten their grip on the sales network as a growing number of top brands ditch wholesalers. Changes to distribution for luxury watches have lagged sectors such as groceries or fashion, with eye-watering price tags seen as a barrier to buying online and favouring a more traditional sales approach. But trouble clearing excess inventory at multi-brand watch retailers, and the lure of better margins, is persuading some labels to cut their reliance on the third-party resellers that still account for around 75 percent of industry sales, according to analysts. Family-owned Audemars Piguet, which has said it aimed to have only monobrand stores in three to five years' time, is also investing in some of the around 30 franchises that already carry its name. Out of a total 200 points of sale, it has 60 monobrand outlets but only 25 … [Read more...] about Audemars Piguet and Swiss watch rivals hasten shift to in-house sales