Hints and tips:
...Smart reads Backhanders and bathrooms A $70,000 wristwatch, a luxury bathroom and at least a dozen bags of cash were all given as bribes to win oil trading business in Ecuador, Bloomberg writes....
...The sale comes at a time when the British watchmaker’s work is achieving eye-catching prices on the secondary market....
...Women’s watch purchasing power is now outstripping men’s: according to a 2021 Allied Market Research report, sales of watches priced above $1,200 to women were worth $23.7bn in 2019, or 54.4 per cent of...
...The Love bangle and its various spin-offs remain the brand’s most popular designs, accounting for about a quarter of sales, says Erwan Rambourg, luxury analyst at HSBC....
...His own fund, Future Shape, has backed more than 200 start-ups ranging from “deep tech” innovations in batteries, synthetic biology and material science to Hodinkee, a wristwatch enthusiast site....
...However, having a coin watch for sale is “an event in itself” because of their rarity. “It’s definitely a very beautiful object,” he says....
...And, today, Christie’s Geneva is hosting a FP Journe live sale — the first ever dedicated to a single independent watchmaker....
...As a way to tell the time, the wristwatch is certainly among the top five options to consider....
...No complications, no gem-setting, not even a gold bracelet… it is a mark of how far Cartier has come as a watchmaker in recent years that it can charge £40,800 for a time-only wristwatch....
...Newman’s “Paul Newman” Daytona, which set a world record for a wristwatch sold at auction when it fetched $17.8mn at Phillips in 2017, was consigned by Nell’s ex-boyfriend James Cox....
...His grandfather wore the wristwatch every day, while the pocket watch was reserved for use with the black and white tie outfits. 3....
...Sanctions: The UK government has slapped a full asset freeze on Russian billionaire Roman Abramovich, complicating the sale of Chelsea football club....
...The original FlyingT’s snow globe-like dome offered more space than you would find in a regular wristwatch....
...This “scarcity . . . means that when they do come up for sale, people who want one will fight for it”....
...spent hunched over a bench in a 12 sq ft workshop where he guides the surgically-honed tips of his specialist tools through the minuscule, high-tech universe found in the mechanism of every Richard Mille wristwatch...
...The rebrand saw sales skyrocket as women embraced a radically low-key approach to diamonds....
...Yet online and private sales remain robust, auction houses say....
...Just to provide context, Chronometer certification of a wristwatch in Switzerland requires accuracy of within 10 seconds (-4/+6 ) a day....
...With stores closed, trading hours slashed and footfall down dramatically, especially at key duty-free airport sites, online sales soared – during lockdown, ecommerce sales almost doubled....
...As early as 1914, when the overwhelming majority of men still wore pocket watches, he wrote to his factory: “We must find a way to create a waterproof wristwatch.”...
...Phillips sold the actor’s own 1968 Paul Newman Daytona for $17.8m in 2017, a world record for any wristwatch at auction....
...It was to meet this new and hitherto unimagined need that in 1955 Rolex presented a new type of wristwatch that looked just as eye-catching as the new jet airliners....
...Women account for 35 per cent of sales by value at Audemars Piguet, versus 25 per cent a few years ago....
...If you doubt vintage chronographs are a thing, I refer you to the 2017 sale of Paul Newman’s 1968 “Paul Newman” Rolex Daytona for $17.8m....
...These records for a diamond and a wristwatch are striking and symbolic: luxury is a growing part of auction houses’ revenues, and they have been restructuring their businesses to fit....
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