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Results for Above the Date Window

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Above the Date Window: Steve McQueen’s Monaco and What Sotheby’s Catalogues Really Tell You

Steve McQueen’s Le Mans Heuer Monaco 1133B crossed Sotheby’s block. The above-the-date-window detail collectors spotted, the hammer price, why it matters.

Cartier Introduces a Pair of Grand Complications (and a Mystery) SJX Watches
Cartier Introduces May 22, 2020

Cartier Introduces a Pair of Grand Complications (and a Mystery)

Since its debut in 2008, the Cartier Fine Watchmaking (FWM) collection has been the jeweller-watchmaker’s flagship range of timepieces, incorporating highly complicated movements into watches designed in traditional Cartier style, albeit in very large cases. This year’s Fine Watchmaking line-up is made up of four watches – led by the uber-complex Grand Complication Skeleton – all presented in the round Rotonde de Cartier case. Initial thoughts I have held the Cartier FWM collection in high regard – it is testimony to the brand’s haute horlogerie prowess, which most tend to underestimate or are unaware of. So it was a bit disappointing to see FWM recede slightly starting in 2018 as Cartier focused instead on its historical, time-only watches – such as this year’s Tank Asymétrique – which have been resurrected as the Cartier Privé collection. The debut of this quartet of watches is a pleasing return to form for FWM, though it should be pointed out none of the are entirely new in terms of movements. The “mystery” complication of Cartier has been found in several FWM models in the past, but it never fails to astound. The mystery hours, for instance, are simple, time-only watches but have a great deal of visual allure. And the Rotonde de Cartier Grande Complication Skeleton revives one of the most complicated movements ever developed by Cartier, while being visually stimulating with its open-worked dial that exposes the intricate and complex move...

Business News: Baselworld to be Replaced by Swiss Watch Week SJX Watches
Patek Philippe Chanel Chopard May 22, 2020

Business News: Baselworld to be Replaced by Swiss Watch Week

With Baselworld all but finished in name – with the COVID-19 pandemic having served as the catalyst for its demise – its organiser has already lined up a potential replacement, according to Swiss newspaper Handelzeitung. Events company MCH Group, which owns Baselworld and Art Basel, registered the trademark “Swiss Watch Week” in late January 2020, perhaps an indication its management already knew that Baselworld was untenable. Departing Basel, the city that the namesake watch fair had called home for decades is seen as crucial to escape the baggage and bad publicity that has dogged Baselworld. A good part of the criticism levelled at the fair concerns the opportunistic pricing imposed by restaurants, hotels, and other accommodation during the fair. The result was a slow burn that culminated in the end of Baselworld. A scene never to be seen again – the halls of Messe Basel packed with watch brands. Photo – Baselworld Once the world’s largest watch and jewellery fair, Baselworld was hit by a gradually accelerating string of departures, starting in 2018 with industry giant Swatch Group – owner of brands like Omega, Longines, and Tissot – citing the exorbitant cost of exhibiting and other city-related expenses. Swatch was followed by Seiko and others in 2019. But the fatal blow arrived in April 2020, when the fair’s biggest exhibitors – Rolex, Patek Philippe, Chanel, Chopard, and Tudor – pulled out and announced a move to a new, yet-to-be-named fair in...

Omega Introduces Seamaster Planet Ocean 36th America’s Cup SJX Watches
Panerai until May 21, 2020

Omega Introduces Seamaster Planet Ocean 36th America’s Cup

The world’s most prestigious yacht race, the America’s Cup has been sponsored by a variety of watch brands, which was Panerai until the last instalment – and to confuse things even more, the competing teams each have their own watch sponsors. Having been a backer of defending champion Team New Zealand for the last two decades, Omega now back to being a sponsor of the entire event as official timekeeper for 36th America’s Cup that’ll take place in 2021 off the coast of Auckland in New Zealand. Since the last time Omega was the official race timekeeper was in 2003, the brand is marking the occasion with the Seamaster Planet Ocean 36th America’s Cup, no doubt the first of several editions for the event. Initial thoughts With event-specific limited editions being an Omega favourite, this isn’t going to be the only America’s Cup edition. At the same time, the red-white-and-blue livery has been used on other watches. In short, the Planet Ocean America’s Cup isn’t going to be a particularly unique edition. But the watch itself is a strong proposition. Omega watches usually offer good value for money, combining high-tech mechanical watchmaking and high-end materials, which is the case for the Planet Ocean line at large. Though the America’s Cup model is a limited edition, it costs only about 10% over the standard model. So if you want a Planet Ocean but want something a bit more special than the stock offering, this is a good choice. A high-spec instrument...

Tribute To Peter Baumberger (1939-2010): RIP You Complete And Utter Bastard! Quill & Pad
Casio n But first I’d May 20, 2020

Tribute To Peter Baumberger (1939-2010): RIP You Complete And Utter Bastard!

This year, 2020, marks the tenth anniversary of the death of one of the greats of the modern watch industry, Peter Baumberger. Dr. Helmut Crott, his longtime friend and founder of the Dr. Crott auction house in Germany, recently sent me a tribute he had written for the occasion. But first I’d like to first take the opportunity to share an anecdote of my own regarding “Peter, the utter bastard,” as I will always (fondly) think of him.

IWC Portugieser Chronograph (reference 371609) Review WatchAdvice
IWC Portugieser Chronograph reference 371609 May 20, 2020

IWC Portugieser Chronograph (reference 371609) Review

Introduction Clipping shut the deployant buckle of the just-refreshed IWC Portugieser Chronograph; it’s easy to see why this is one of the brand’s most popular watches, in Australia at least. It’s dressy, but still offers a healthy dose of sports functionality. What makes this new reference, announced back in February, even better the movement beating away inside. For the first time, it’s an IWC-manufactured calibre, and while it can’t be seen on the wrist, or make much of a difference to daily wear, it still feels like a significant step up. The Dial and Hands  The face of the Portugieser Chronograph is refreshingly familiar, thanks to that iconic combination of applied Arabic numerals and leaf (or feuille) shaped hands. The chronograph layout puts a minutes register at the top and a running seconds display at six. I’m more familiar with the white-dialled version of the Portugieser so was happy to give the black a try. And boy, is this dial black. The colour is incredibly deep and dynamic; if you catch it on the right angle, it takes on a blue-ish sheen around the edges. I must say that, because of the dark dial and the slender, highly polished hands and hour markers, legibility was a bit of an issue at times. Still, the overall beauty made me forget about that fact almost immediately.  IWC Portugieser Chronograph Reference 371609 The Case and Strap  At 41mm, this watch is sized just right. The steel case sits well on the wrist, flush and, even though it is...

Omega release summer-fresh new 43.5mm Planet Ocean 36th America’s Cup Edition on integrated rubber strap Time+Tide
Omega release summer-fresh new 43.5mm May 19, 2020

Omega release summer-fresh new 43.5mm Planet Ocean 36th America’s Cup Edition on integrated rubber strap

With the announcement that Omega will be the official timekeeper of the 36th America’s Cup comes the release of the brand new Omega Seamaster Planet Ocean 36th America’s Cup Limited Edition. The watch is presented on an eye-catching integrated rubber strap with red lining and contrast white stitching. The 43.50mm Planet Ocean is offered in … ContinuedThe post Omega release summer-fresh new 43.5mm Planet Ocean 36th America’s Cup Edition on integrated rubber strap appeared first on Time+Tide Watches.

Business News: Richemont Fortifies Balance Sheet with €2 Billion Bond Sale SJX Watches
Panerai which make up about May 19, 2020

Business News: Richemont Fortifies Balance Sheet with €2 Billion Bond Sale

Having just announced its full-year results while predicting a gloomy outlook for the business, Richemont has successful placed €2 billion of bonds, with coupon ranging from 0.75% for the 8-year note to 1.625% for the 20-year note. The bond placement boosts the Swiss luxury group’s robust balance sheet, which had a gross cash position of €6.34 billion and a net cash position of €2.40 billion at the end of March 31, 2020. The notes received an A+ rating from credit ratings agency S&P;, which also lowered its outlook for Richemont from stable to negative, “citing the possibility of a downgrade if the coronavirus pandemic causes the company’s credit metrics to worsen”. Widely regarded as a savvy investor who transformed his family’s tobaccco-and-banking empire into an even larger one focused the “hard” luxury of watches and jewellery, Mr Rupert’s belief in the severity of the pandemic-induced recession is obvious. That, in turn, does not bode well for the luxury watch business. Richemont’s biggest earner is Cartier – the jewellery division is half the group’s turnover – it also owns a host of luxury watch brands, including A. Lange & Söhne, IWC, and Panerai, which make up about 20% of its sales. During Richemont’s earning conference call on May 15, Mr Rupert explained the bond issue: “We have always believed in protecting our balance sheet… For years, a lot of investment banks questioned us about that it’s a lazy balance sheet. But h...

Vintage Watch Snobbery AKA How I Met Your Mother - Reprise Quill & Pad
Patek Philippe had ever created – May 16, 2020

Vintage Watch Snobbery AKA How I Met Your Mother - Reprise

Standing before his eyes was the most perfect of God’s creatures, a wonderful mix of Audrey Hepburn and Penelope Cruz. What Makes Me Tick thought his heart had skipped a beat, and he heard the chimes of every single minute repeater Patek Philippe had ever created – all chiming at exactly the same time! Six months later the gentle creature and he were married. This extraordinary story reflects the marvelous world of vintage watches: finding the rare bird, linking it to a story, and never letting it go.

Steve wants help with a spreadsheet template for his watch collection, and because it’s a pandemic, we’re doing a call out Time+Tide
May 15, 2020

Steve wants help with a spreadsheet template for his watch collection, and because it’s a pandemic, we’re doing a call out

“Thanks for the emails Andrew,” the email from Steve begins. “All watch info is appreciated in these boring times.” And these boring times are certainly reaching peak levels for poor Steve. The email continues: “I recently spent a couple of days spreadsheeting my watches. I thought there might be a template on the net somewhere … ContinuedThe post Steve wants help with a spreadsheet template for his watch collection, and because it’s a pandemic, we’re doing a call out appeared first on Time+Tide Watches.

Business News: Richemont Pessimistic After Weak Results SJX Watches
Panerai enjoyed “good sales performance” May 15, 2020

Business News: Richemont Pessimistic After Weak Results

Richemont’s fourth quarter was one of the victims of the COVID-19 pandemic, pulling down its results for the full year to end-March 2020. Even though the full year’s tally was not down substantially, Richemont chairman Johann Rupert was gloomy in his prediction for the coming year. China, the first country to recover from the pandemic, has “apparently returned to ‘business as usual’ remarkably quickly” and Richemont stores there are enjoying now “strong demand”. But because everywhere else is only partway through the crisis, the plain-speaking South African tycoon raised the possibility of “12, 24 or 36 months of grave economic consequences”, while halving the annual dividend to €1 a share to conserve cash. Johann Rupert. Photo – Richemont The Swiss luxury conglomerate, which owns brands like Cartier, IWC, and Panerai, enjoyed “good sales performance” until the fourth quarter, with its jewellery brands and online retail performing better than other divisions, including watchmaking, which has lagged for several quarters. At actual exchange rates, annual sales eked out a 2% rise to €14.2 billion, with most regions growing slightly, save for a 5% decline in Asia Pacific. Net profit fell 34%, excluding a one-off, non-cash gain due to a share revaluation the year prior. The declines were largely due to the fourth quarter, where Richemont took a massive hit. In the last quarter, sales fell by 18% globally, with Hong Kong crashing 67%. The group end...