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Results for The 2017-2022 Vintage Market Boom

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Pandemic Truths – Brian Duffy, CEO Watches of Switzerland Group SJX Watches
Jul 2, 2020

Pandemic Truths – Brian Duffy, CEO Watches of Switzerland Group

Having just gone public in May 2019, the Watches of Switzerland Group has a major presence in its home market of the United Kingdom, as well as the United States. Its revenue for the 2020 financial year was £819.3 million, or about US$1.02 billion, making it one of the world’s largest watch retailers. The man who led the group to its flotation on the London stock market is Brian Duffy. He was appointed chief executive in 2014, after Watches of Switzerland was acquired by American private equity outfit Apollo Global Management. Mr Duffy’s tenure has seen the group post strong growth and record sales. Just before lockdowns took effect in its primary markets in mid-March, sales were up 36.4% in the United States, while group revenue rose 15.8%. And it was expanding apace, having just acquired four stores from Fraser Hart, while renovating several of its existing stores. Then the pandemic hit. So what happens now? Mr Duffy shares his views on the current situation, and why he is optimistic about e-commerce as well as luxury watches. How did the pandemic affect your business overall? Obviously it was quite a shock. Our first concern was to ensure our staffs’ health and to maintain the whole workforce. We managed to keep all our people and worked on keeping spirits high everywhere. Our numbers were very good coming into the year – up 16% at the end of the fiscal year in April 2020 – but closing all stores across the UK and US slowed down this trend momentarily. O...

Auction Watch: Singer Reimagined Track 1 Prototype at Phillips SJX Watches
F.P. Journe souscription watches Jun 10, 2020

Auction Watch: Singer Reimagined Track 1 Prototype at Phillips

Founded in 2017 as the watchmaking arm of Singer Vehicle Design, the critically-acclaimed rebuilder of early 1990s Porsche 911s, Singer Reimagined specialises in chronographs powered by an ingenious Agenhor movement. But before Singer Reimagined settled on its retro-inspired case design, it made a Track 1 prototype with an equally retro but more angular case that is going under the hammer at Phillips’ upcoming Geneva watch auction, the same that includes a pair of much-hyped F.P. Journe souscription watches. The production version of the Track 1 has cushion-shaped, titanium case with a radial brushed finish that is very much reminiscent of sports chronographs of the 1970s that were produced by host of brands, ranging from Omega to Heuer. It also has a “bullhead” pusher layout, with the chronograph buttons on the left and right sides of the case. More importantly, the standard Track 1 features short lugs with a narrow hood over the end of the strap, making the strap look almost integrated. The Track 1 in 18k gold (left) and titanium In contrast, the prototype has longer lugs with a pronounced opening for the strap. It’s still made of titanium, with a similar brushed case finish, and also evocative of the 1970s, but a different look altogether. Like the production watch, the prototype has wide, polished bevels separating the brushed tops and sides of the cases The prototype is fitted to a NATO-style leather strap – with matching, brushed titanium rings – that loo...

Business News: Frédéric Arnault Appointed Chief Executive of TAG Heuer SJX Watches
TAG Heuer Having joined TAG Heuer Jun 4, 2020

Business News: Frédéric Arnault Appointed Chief Executive of TAG Heuer

Having joined TAG Heuer in 2017, Frédéric Arnault has just been named the watchmaker’s boss, effective July 1. He succeeds Stephane Bianchi, who will then be elevated to head the newly-formed LVMH Watch and Jewellery division – a job that Mr Arnault is perhaps being groomed for – which encompasses the group’s three watch brands, which include Hublot and Zenith, as well as its smaller jewellery brands, Chaumet and Fred. The biggest LVMH jewellery brand, Bulgari, retains its standalone status. Bulgari chief executive Jean-Christophe Babin, who industry sources say enjoys a competitive rivalry with Mr Bianchi, will report only to the number two man in LVMH, Group Managing Director Antonio Belloni. Presumably Tiffany & Co., the American jeweller that LVMH is in the process of acquiring, will enjoy similar independence. A digital leader While Mr Arnault is the fourth son of Bernard Arnault, the founder and controlling shareholder of LVMH, the younger Arnault arrived in the watch business with an impressive résumé. The 25-year old graduated from France’s prestigious Ecole Polytechnique with a degree in Computational and Applied Mathematics, notching up internships at McKinsey and Facebook along the way. He started at TAG Heuer as head of connected watches, just as the brand was ramping up its push into smartwatches, before being promoted to Strategy and Digital Director in 2018, where he led the design of the latest-generation Connected watch. The recently launch...

Jaquet Droz introduces Paillonnée Enamel “Fleur de Lys” and “Fleur de Vie” SJX Watches
Jaquet Droz May 29, 2020

Jaquet Droz introduces Paillonnée Enamel “Fleur de Lys” and “Fleur de Vie”

Jaquet Droz was historically renowned for elaborate and ornamental pocket watches, often decorated with enamel and pearls, reflecting the brand’s on the Chinese market, which demanded lavishly decorated timepieces. The brand’s newest pair of paillonné enamel wristwatches – the Fleur de Lys Grande Seconde Paillonnée and Fleur de Vie Petite Heure Minute Paillonnée – embody the brand’s past aesthetic sensibilities. French for “spangled”, a reference to the tiny decorative pieces of gold foil that make up the pattern, paillonné enamelling has been a specialty of Jaquet Droz since its modern-day revival, starting with the very first Grande Seconde Paillonnée of 2004 that had a dial made by enamel artisan Anita Porchet. Jaquet Droz has since mastered the fine art of paillonné enamelling, with recent editions like the Paillonnée Enamel “Gold Arabesques” featuring dials made in its own workshops. Initial thoughts The new pair of paillonné enamel watches do not fail to impress with their vivid colours and patterns – gold paillons against translucent blue enamel over guilloché makes for a dynamic combination that immediately catches the eye. And up close, which is the best way to appreciate the enamelling, the gold paillons are tiny yet intricate and nuanced. The ring circling the sub-dials on both watches is made of 18k red gold Out of the two, I gravitate towards the Fleur de Vie due to its 35 mm case, which is fitting for a dress watch, esp...

In-Depth: Krayon Anywhere SJX Watches
Krayon May 26, 2020

In-Depth: Krayon Anywhere

Krayon made its debut in 2017 with the Everywhere, an incredibly complex wristwatch that was, in essence, a mechanical calculator for sunrise and sunset. Founded by movement constructor Rémi Maillat in 2013, Krayon has debuted the follow up to the Everywhere, the simpler, sleeker – and a lot more affordable – Anywhere. Like its bigger brother, the Anywhere displays the time of sunrise and sunset. But while the Everywhere allowed the wearer to input his location and time zone for the watch to show local sunrise and sunset times everywhere, the Anywhere displays sunrise and sunset times for a single, fixed location, albeit one that can be quite easily changed by a watchmaker. Despite while the complication has been streamlined, the movement has been upgraded in terms of finishing, which is now exceptional. The Anywhere in white gold Initial thoughts The Anywhere is surprising in person. Given the complexity of the movement, you’d expect a large watch with a fussy display. But the Anywhere is modestly sized – the thinness of the case stands out – giving it an elegant profile on the wrist. At the same time, the dial layout is simple and intuitive, making it easy to understand. And it is also easy to operate, with the calendar and time both set via the crown. And the calendar, in turn, controls the sunrise and sunset function, so the interface is straightforward. Turn it over and the movement is also surprising. While the movement in the Everywhere was a mechanica...

Château Thivin Beaujolais: Burgundy’s ‘Little Sibling’ Offers Serious Wine With Joyous Exuberance Quill & Pad
May 12, 2020

Château Thivin Beaujolais: Burgundy’s ‘Little Sibling’ Offers Serious Wine With Joyous Exuberance

The always perceptive and entertaining American importer Kermit Lynch has described Château Thivin wines as resembling “a country squire who is not afraid to get his boots muddy. Handsome, virile, earthy, and an aristocrat.” And Ken Gargett agrees. The Beaujolais 2018 vintage is already being talked about as legendary, heroic, special, brilliant . . . roll out whichever superlative you like and give it a go.

Pandemic Truths – Jean-Claude Biver SJX Watches
Apr 21, 2020

Pandemic Truths – Jean-Claude Biver

Who better than Jean-Claude Biver to reflect on the current crisis? He is an emblematic figure in watchmaking, with a career that’s spanned half a century, one that started in another, long-ago crisis caused by quartz watches. Always passionate and frank, Jean-Claude played a major role in the rise of mechanical watchmaking, contributing a large part to the boom of the 1990s. Working from his chalet in the ski town of Crans-Montana in Switzerland, Jean-Claude spoke to me over the phone. Here is our conversation. Jean-Claude’s selfie from his study This crisis sheds light on the weaknesses of our current economic systems. How has it impacted your business? Obviously it impacts us like everyone else, because no matter how good your sales team is, or how many stores you have, or how well situated they are – if there is nobody out there, it hurts your business. But we have developed a few ideas to keep business going. We are always trying to implement strategies to combat the situation. And all crisis create opportunities as well. When China was closed, we organised limousine services to bring one customer at a time to our boutiques that were open just for them. It created a sense of security, ease and comfort, so we actually managed to do some business, even during that time. This is going to be a long [crisis]. By the time it gets back to normal, we will have to be ready. Now is the time to bring in innovation again, in distribution and equally, in sales. How do you e...

From Salt Bae to Brad Pitt, 7 Patek Philippe Nautilus wearers you might not know about Time+Tide
Patek Philippe Nautilus wearers you might Apr 14, 2020

From Salt Bae to Brad Pitt, 7 Patek Philippe Nautilus wearers you might not know about

The Patek Philippe Nautilus remains one of the most coveted watches in the world, with a long waiting list for anyone buying through an AD, and and prices fetching well above RRP on the secondary market. It is a favourite amongst current-day celebrities such as Ellen DeGeneres, however with a little digging we have discovered … ContinuedThe post From Salt Bae to Brad Pitt, 7 Patek Philippe Nautilus wearers you might not know about appeared first on Time+Tide Watches.

Hands-On: Zenith El Primero A384 Revival with “Ladder” Bracelet SJX Watches
Zenith El Primero A384 Revival Apr 8, 2020

Hands-On: Zenith El Primero A384 Revival with “Ladder” Bracelet

There are few brands that can make modern-day reissues of historical watches powered by the same movement as the vintage original. Zenith, as it happens, is easily able to, thanks to its long-lived El Primero. The chronograph movement celebrated its 50th anniversary last year with several commemorative A386 limited editions, including a one-off in platinum for charity, but most were in gold and thus pricey. On the other hand, the El Primero A384 Revival is a faithful remake – including a “ladder” bracelet – that’s part of the regular collection, and also affordable. Since 1969 While the A386 is the iconic El Primero chronograph – and today the most valuable – the A384 was introduced at the same time (along with the A385), making it part of the debut range of El Primero watches. One reason the A384 doesn’t quite have the stature of the round and relatively-ageless A386 is also one of its most distinctive qualities: a tonneau- or cushion-shaped case that instantly identifies it as a watch of the late 1960s and 1970s. The easily recognisable design has made the tonneau-shaped A384 a popular base for a variety of limited editions, including one based on a fictitious watch featured in the Japanese manga Lupin III. Romain Marietta, the brand’s chief of products, also indicated during a recent conversation that the A384 will continue to be the base for limited editions, while the A386 will not be reproduced again except in exceptional instances since it is syno...

Up Close: Vacheron Constantin Cornes de Vache 1955 in Steel SJX Watches
Vacheron Constantin Cornes de Vache 1955 Apr 1, 2020

Up Close: Vacheron Constantin Cornes de Vache 1955 in Steel

As modern, high-end chronographs go, the Vacheron Constantin Historiques Cornes de Vache 1955 is one of the most desirable, being a beautifully executed remake that’s faithful to the vintage original, while powered by an upgraded version of a well-regarded movement. The latest version of the Cornes de Vache 1955 has a steel case, making it even more unusual amongst high-end chronographs, which are almost always found in precious metal cases. As a result, the Cornes de Vache is now significantly more accessible – while retaining the retro design and excellent movement – at least by the standards of such watches. Cornes de vache French for “cow horns”, Cornes de Vache comes from the shape of the lugs, a slight variation on the better-known “teardrop” lugs. The inspiration for the watch is the ref. 6087, the brand’s first water-resistant and anti-magnetic chronograph that was in production from 1955 to the mid-1960s – and featured the very same “cow horn” lugs. Made in yellow or pink gold as well as platinum, the ref. 6087 is rare – only 36 pieces were produced over a decade or so. A vintage ref. 6087 “Cornes de Vache” in yellow gold that sold for 106,250 Swiss francs at Phillips in 2015. Photo – Phillips Like the vintage original, the modern-day Cornes de Vache was initially only available in precious metals: first in platinum, followed by pink gold, with the steel model only making its debut last year. It is worth noting that steel is used s...

Up Close: Audemars Piguet [Re]master01 Chronograph 40 mm SJX Watches
Audemars Piguet [Re]master01 Chronograph 40 mm Mar 27, 2020

Up Close: Audemars Piguet [Re]master01 Chronograph 40 mm

Rumours were percolating for some time that Audemars Piguet was going to unveil a vintage-inspired watch to mark the opening of its recently-finished, hairspring-shaped museum. But when the Audemars Piguet [Re]master01 Selfwinding Chronograph 40 mm was revealed, it was still surprising. In the metal, the “remastered” watch is appealing; it looks good and the execution is impressively high quality in all aspects. The dial in particularly is sharply done, with even the tiniest details done right. And the movement inside is modern – and looks modern – but is impeccably constructed. But at the same time, the watch is a bit thick, and also expensive. The [Re]master01 in steel and 18k pink gold The ref. 1533 As with many reissued or “remastered” timepieces, the inspiration for the [Re]master01 is a well-known and well-documented watch: the ref. 1533, a chronograph wristwatch produced in the 1940s. It was 36.5 mm in diameter, extra-large for the period, and a three-counter chronograph, instead of the two registers typical then. Only nine of them were made, three with two-tone, steel-and-gold cases. The archive photograph of the ref. 1533. Photo – Audemars Piguet Two examples of the steel-and-gold ref. 1533 were sold in recent years at Phillips auctioneers, both setting price records for the most expensive vintage AP chronograph sold at auction. The first sold for 305,000 Swiss francs in 2015 – going to the Audemars Piguet Museum – and the second, 384,500 franc...

Up Close: Cartier Santos-Dumont XL Hand-Wind SJX Watches
Cartier Santos-Dumont XL Hand-Wind Though Mar 23, 2020

Up Close: Cartier Santos-Dumont XL Hand-Wind

Though Cartier has a huge range of watch case styles, many are iterations from a handful of original designs that were usually created in the early 20th century. Only a handful stick closely to the design of the vintage originals, most notably the Tank Cintree and Crash, and now the new Santos-Dumont XL, newly launched at Watches & Wonders 2020. Originally (re)launched in last year in two sizes – both with quartz movements only – the Santos-Dumont is now available with a hand-wind, mechanical movement in a larger, but not too large, case. The elegant design that channels the spirit of the vintage original remains, with only the dimensions and movement changed. And the new hand-wind Santos Dumont XL is also well priced enough that it would be a value proposition in more ordinary times. Not only is the new model available in steel, which was absent before, the 18k gold version is almost 30% cheaper than the equivalent from the earlier generation. The Santos-Dumont XL in steel And in two-tone steel and 18k pink gold, which is a very 1980s look Since 1904… The watch gets its name from Alberto Santos-Dumont, a Brazilian inventor and aviator who spent his adult life in Paris. A minor celebrity in France for exploits in planes and airships, Santos-Dumont was a larger than life character: in the family history recently published by Francesca Cartier Brickell, The Cartiers: The Untold Story of the Family Behind the Jewelry Empire, Santos-Dumont is described as travelling betw...

Tudor BB36 review WatchAdvice
Tudor BB36 review Since Tudor’s Mar 19, 2020

Tudor BB36 review

Since Tudor’s inception in 1926, the brand has served as a feeder market of sorts to its big brother Rolex. For decades, Tudor watches shared cases, bracelets and crowns with Rolex, leaving the brand feeling like the lesser amongst watch enthusiasts. However, Tudor has seen a resurgence in popularity since the introduction of the Black Bay range in 2012. In 2016, the world welcomed the Tudor Black Bay 36. Has Tudor finally cemented itself as a peer of its creator, or is there work still to be done? The Tudor Black Bay 36, as the naming convention suggests, features a 36mm wide case constructed of both satin brushed and polished stainless steel. The case bears remarkable resemblance to the oyster style cases used by Rolex, and it’s not a surprise to see Tudor go with something similar in the Black Bay 36. After all, if it aint broke, don’t fix it right? The watch is comfortable and familiar on the wrist, so don’t let the 36mm sizing throw you off. Whilst it seems a little on the smaller side for a modern men’s offering, the Black Bay 36 feels like a modern watch on the wrist. It carries itself remarkably well, thanks to the incredible build quality and contrast between the finishes on the case and the character exuding from the dial. There is a high polish executed on the non-rotating bezel that catches the light and your eye at every opportunity. The bezel acts as a perfect frame for the deep, glossy black dial and stark white indices. The dial on the Tudor Black...

Business News: Swiss Watch Exports to Hong Kong Post Biggest Fall in 20 Years SJX Watches
Mar 19, 2020

Business News: Swiss Watch Exports to Hong Kong Post Biggest Fall in 20 Years

Trade body Federation of the Swiss Watch Industry (FH) just released its monthly export figures for Swiss watches – a proxy for the broader luxury watch market since Swiss timepieces dominate – and the February numbers are bleak. The month’s statistics illustrate two obvious trends that have shaped in the industry recently: the COVID-19 coronavirus is having a massive impact, and low-cost Swiss watches are being trounced by low-cost smartwatches. An Asian crisis, for now Compared with February last year, the value of exports globally declined by 9.2% – with export volume plunging 22.2% – but as the report notes darkly, the drop “does not yet fully reflect the actual situation in certain markets.” Unsurprisingly, the steepest declines were in the biggest Asian markets – China and Hong Kong – which suffered the worst period of the COVID-19 coronavirus pandemic in the first two months of the year. The biggest fall was in Hong Kong, where exports fell 42% – the largest monthly decline in 20 years. The city imported just CHF143m of Swiss watches, compared to CHF246m for the same month last year. Exports to China fell 51.5% to CHF73m, from CHF151m for February 2019. February was merely an acceleration of a months-long decline. For the first three months of the year, exports to Hong Kong have fallen 33% compared to the same period last year, while exports to China are down 22%. Though exports to other large markets like the United States, Singapore, and Germa...

Is AFL star Dustin Martin’s hook-up with luxury watch chain Kennedy a case of retailers finally getting real? Time+Tide
Mar 15, 2020

Is AFL star Dustin Martin’s hook-up with luxury watch chain Kennedy a case of retailers finally getting real?

Luxury brands invariably dangle a world of mahogany-panelled exclusivity. Viewed through the prism of their marketing, life is presented as a stately whirl of weekend polo, yachts and vintage convertibles. Access is restricted by a velvet rope and the relative depth of your wallet. But the chance to belong to this rarified community - the champagne … ContinuedThe post Is AFL star Dustin Martin’s hook-up with luxury watch chain Kennedy a case of retailers finally getting real? appeared first on Time+Tide Watches.